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100 billion and a circulating supply of roughly 57 billion.

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XRP is trading just below the critical $2 mark, a level that served as the 
local top during the 2021 bull cycle. The price has been steadily climbing, 
fueled by bullish momentum, and appears poised to push higher. Investors and 
analysts closely monitor the charts for a definitive signal to confirm a 
breakout above this crucial resistance. Related Reading: Dogecoin Consolidates 
Below Key Supply Level – Analyst Expects Rally Soon This psychological price 
level is a focal point for market participants, with a successful breach 
potentially marking the beginning of a sustained rally. Top analyst and 
investor Dark Defender has weighed in on XRP’s outlook, sharing a detailed 
technical analysis on X. According to his insights, XRP is expected to reach 
$2.13 in the coming days before experiencing a brief correction. Dark Defender 
also anticipates further price gains following this pullback as XRP continues 
to attract bullish sentiment. A confirmed breakout above $2 could pave the way 
for new multi-year highs, while a failure to surpass this level may lead to 
short-term volatility. With its historical significance and current market 
dynamics, the $2 mark represents both an opportunity and a challenge for XRP. 
All eyes are now on whether the token can reclaim this milestone and chart a 
path higher. XRP Attracts New Demand XRP has surged over 50% this week, riding 
a wave of fresh demand that continues to propel its price toward new supply 
levels. The bullish momentum has sparked significant interest among investors 
and analysts, with many speculating on the token&#8217;s next move. Top analyst and 
investor Dark Defender shared a detailed technical analysis on X, highlighting 
XRP’s evolving market structure on the 4-hour chart. According to his 
insights, XRP is likely to touch $2.13 soon before facing a potential 
correction. Dark Defender’s analysis also identifies key resistance levels on 
the 4-hour time frame. Notably, resistances at $4.11 and $6.42 align with his 
secondary price target of $5.85, which follows a support retest at $1.88. 
These levels suggest a roadmap for XRP’s price action if the current rally 
sustains its momentum. As XRP approaches these critical price zones, the 
coming weeks will be pivotal in determining its trajectory. While the bullish 
sentiment dominates, the possibility of corrections or consolidations remains. 
A decisive break above $2.13 could open the door to new highs, but failure to 
hold key levels might invite short-term volatility. Related Reading: Shiba Inu 
Could Increase 75% If It Holds Current Level – Analyst Shares Price Target For 
now, XRP’s impressive performance and emerging demand position it as one of 
the most closely watched assets in the crypto market. Reaching Multi-Year 
Highs XRP is currently trading at $1.88 following an impressive run since 
November 5, marking a staggering 285% increase in less than 30 days. The price 
recently tagged $1.95, a critical level, and has since entered a consolidation 
phase as it gathers momentum to push past the pivotal $2 mark. This 
consolidation suggests that XRP is building the necessary fuel for a potential 
breakout. The price action remains decisively bullish, supported by strong 
market sentiment and increasing demand. Analysts are closely watching the 
cycle&#8217;s top at $1.97, as breaking above this level would likely signal the 
start of a new leg higher. A confirmed breakout past $1.97 would not only 
reinforce the bullish structure but could also propel XRP to uncharted highs, 
aligning with predictions of a parabolic rally. Related Reading: Cardano 
Transactions Rise To Multi-Year Highs – Metrics Support Bullish Outlook 
However, consolidation near these levels indicates that XRP is facing 
temporary resistance. Market participants are now eyeing key support zones to 
ensure the current bullish momentum remains intact. If the upward pressure 
continues, XRP&#8217;s next targets could quickly surpass historical levels, 
solidifying its position as one of the leading assets in the crypto space. For 
now, XRP remains a focal point for traders and investors as it inches closer 
to the $2 threshold. Featured image from Dall-E, chart from TradingView

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