Ripple’s XRP is making headlines again as it surges in the ongoing cryptocurrency bull run. With its price currently trading above $1.50, XRP has seen over a 6% increase in the last 24 hours and a 20% rise in the past week. This upward trend is fueling optimism among investors, with many eyeing the possibility of XRP breaking through the $2 mark soon. But what does the short-term future hold for Ripple’s native token? Let’s dive into the key factors driving XRP’s price and its potential trajectory.

XRP Bull Run: Momentum and Key Resistance Levels

XRP’s current bull run showcases its resilience, particularly in a market where many cryptocurrencies experience cyclical price swings. The token is steadily climbing and now targets the $1.60 level. However, resistance between $1.60 and $1.70 could challenge its upward momentum.

Crypto analysts suggest that a breakout above $1.70 would likely pave the way for XRP to reach $2. This critical resistance zone has been a historical hurdle, but breaking through it could signal a strong bullish continuation.

Support Levels: The Safety Net for Investors

In case of a market pullback, XRP boasts robust support levels. According to Josh from Crypto World, the $1.25 to $1.30 range has served as a reliable safety net in recent weeks. If XRP’s price dips, these levels are expected to provide a strong rebound point.

Similarly, newly established support zones around $1.50 and $1.56 could also help stabilize XRP during minor corrections. These levels, which were previous resistance points, now act as foundational support, adding confidence to bullish investors.

Short-Term Price Action: What’s Next?

XRP has recently broken out of a triangle pattern, a bullish technical indicator. Although the breakout experienced slight delays, the token is now targeting a short-term price of $1.77. Immediate resistance is expected around $1.70, but if XRP surpasses this barrier, a push toward $2 becomes increasingly likely.

Moreover, XRP’s breakout above the $1.50–$1.51 resistance range marks a significant shift in market sentiment. These levels, now flipped into support, demonstrate growing confidence in the token’s upward momentum. Investors should watch for potential pullbacks to these areas as XRP continues its ascent.

How XRP Compares to Bitcoin

While XRP enjoys a bullish trend, Bitcoin (BTC), the leading cryptocurrency, has slipped slightly into the red zone, trading above $97,000. Despite BTC’s minor correction, XRP’s consistent gains indicate that altcoins like Ripple’s token are seizing the spotlight in the current market cycle.

XRP’s ability to maintain a straight upward trajectory, even as Bitcoin wavers, underscores its unique market dynamics. This could position XRP as a standout performer in the broader crypto rally.

Can XRP Hit $2 Soon?

The question on every investor’s mind is whether XRP can break the $2 milestone in the coming weeks. Based on current market patterns and technical indicators, the odds appear favorable.

However, XRP must overcome immediate resistance at $1.70. Clearing this hurdle would likely trigger another wave of buying pressure, pushing the token toward $2. Analysts recommend closely monitoring XRP’s price action around this key resistance zone to gauge the strength of the ongoing bull run.

Final Thoughts

Ripple’s XRP is riding high on bullish sentiment, with its recent breakout and strong support levels signaling a promising short-term outlook. While challenges like resistance at $1.70 remain, the possibility of XRP reaching $2 seems within reach if current momentum persists.

For investors, XRP’s consistent gains amid broader market fluctuations highlight its potential as a key player in the ongoing cryptocurrency bull run. Whether it’s a short-term trade or a long-term hold, XRP’s performance is one to watch as November concludes.