XRP Bulls challenges a resistance of $ 2.20; The goal of the analyst for $ 6 is now in view

XRP is at the critical stage, according to leading market analysts, studying its diagram with a strong technical formation, suggesting that a step of prices may be ahead. At the time of the press, the XRP is traded at the level of $ 2.20 with a market capitalization exceeding $ 125 billion. USA, and a 24-hour volume, more than 4.8 billion dollars. USA.

Despite the modest increase in prices last day, traders and investors are closely monitoring the asset. XRP has formed a noticeable increase in the expanding wedge scheme, and in the coming weeks they can determine whether this leads to a powerful breakthrough or a sharp rollback.

Eye analyst $ 17

The analyst Egrag Crypto allocates this wedge: support of about $ 1.90, resistance from 5.00 to 6.00 US dollars.

The decisive closure is higher that the resistance of $ 5-6 can open the door for a bull-run, suggests EGRAG. Its predicted measured movements of the movement of approximately $ 17.50 (potential winnings 8x).

However, the way up is not without risk. The inability to maintain support from above $ 1.90 can cause a sharp correction by potentially dragging the price to the area of ​​$ 0.65. Consequently, investors should observe the key levels of rotation of $ 1.90, $ 3.50, US dollars, $ 5.10 and $ 6.00, which can form the following main trend.

A statement on the chain shows a growing interest

By adding weight to bull forecasts, Analy Martinean analyst reports 67.5% in the XRP network activity from April 19 to April 20. The number of active addresses increased from 27,352 to 40 366. This increase in participation reflects the growing percentage, although the price has slightly passed from 2.09 to 2.08 dollars during this period.

Such separation often suggests that buyers quietly accumulate before the movement. Therefore, if the increased activity is preserved, the price action may soon follow.

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Immediate resistance by restraining the price

Source: Marketintel on TradingView

Despite the growing foundations, the XRP remains in piece packaging within the framework of key technical boundaries. The resistance of about 2.12 to $ 2.16 remains untouched, while the 100-day exponential sliding average strengthens this zone.

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Any breakthrough, except for this, can confirm a model of bull wedge. In addition, XRP finds constant support at the level of $ 2.00, which continues to attract the interest of the buyer.