XRP Price Bullish Trend Persists, Analyst Targets $1.9 in Next Rally

The XRP price is currently hovering just below the $1.4 mark, showing signs of bullish strength in its technical structure. Even though XRP has experienced a slight dip of about 4.35% in the last 24 hours, hitting a low of $1.296, the overall trend remains positive.

An analysis of XRP on TradingView suggests that a potential price surge is on the horizon. The analysis points towards a near-term price target of $1.90, indicating that XRP could soon rally further.

Earlier this month, XRP saw a significant surge in price, jumping from a low of $0.4976 on November 3 to a three-year high of $1.6 on November 23—a remarkable 220% increase in just over 20 days. However, following this peak, XRP entered a correction phase, pulling back by nearly 20%.

Despite the correction, XRP has largely remained above a key trendline that has been supporting its price during the upward journey. The current technical analysis suggests that XRP is at a critical point where it could either bounce off the trendline or break below it, impacting its future price trajectory.

For now, the more bullish scenario indicates a potential bounce to the upside, with a break above the trendline possibly leading XRP towards the $1.9 price level. The analyst also highlights specific price zones, particularly the range between $1.520 and $1.620, as areas where XRP could face significant resistance in the near term.

As of the latest data, XRP is trading at $1.39, still closely aligned with the main trendline. The price is currently at a decision point, poised to either bounce up from this level or potentially break below.