XRP Holds $2, But Can TradFi Investors Generate New All-Time Highs?

XRP has reclaimed its 50-day moving average, signaling potential trend reversal, and is currently holding above the $2 mark, largely due to significant institutional inflows ($45 million last week) contrasting with broader market outflows. On-chain data suggests this move is driven by balanced participation rather than speculative excess, indicating an accumulation phase.

Analysts present two main scenarios: one suggests a potential pullback toward $1.77 within a larger uptrend, while another favors continued buying around $2, targeting higher levels near $3. A meaningful shift on the daily chart, however, is anticipated only if XRP establishes acceptance well above the $2.40 resistance level, which previously stalled the recent rally.

Previous price action saw a pullback after stalling near $2.40, coinciding with significant whale selling. For XRP to achieve new highs, sustained buying pressure above key resistance levels, particularly $2.40, must be demonstrated.

(Source：Cointelegraph)