XRP's Path to $2.30 Hinges on Closing Above $1.38

XRP has been consolidating in recent days, but analyst Celal Kucuker believes it may be approaching a technical confirmation that could determine whether this consolidation develops into a larger rally toward $2.30.

To confirm the setup, XRP needs to close above $1.38 today or tomorrow, according to Kucuker's chart analysis.

The current price of XRP is around $1.35, down 2.2% over the past 24 hours and 6.5% over the last seven days.

Kucuker's setup suggests that reclaiming $1.38 would provide the confirmation XRP needs to move out of its current consolidation structure.