"XRP attempted to break above $1.35 three times since March but failed due to market pressures from the war and rising oil prices. A recent change in the war has shifted market sentiment, allowing XRP to climb above $1.35, its highest level in over two weeks."
"If XRP manages to scale above $1.90, the psychological $2 would be the last hurdle to climb. Breaking through $2 would signify the beginning of a strong rally to higher price levels, which has not occurred since January."
XRP's price movement above $1.35 is significant, but sustaining this momentum to reach $2 is challenging. Recent geopolitical changes improved market sentiment, leading to a surge in Bitcoin and Ethereum, which positively impacted XRP. The price of WTI crude oil has decreased, contributing to a favorable trading environment. If XRP can surpass $1.60 and the 200-day EMA at $1.90, it may approach the psychological barrier of $2, which has not been crossed since January.
Read at 24/7 Wall St.
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