• XRP needs a daily close above $2.12 to confirm bullish momentum.
  • Buyers pushed XRP upward after reaching oversold conditions near the $2 lower Bollinger Band.
  • A breakout above $2.275 could trigger a potential 25% price rally to $2.55.

Ripple’s XRP could be on the verge of a major price rally. After touching $2, the lower Bollinger Band, buyers stepped in with confidence. This renewed interest pushed the price up by 2%, hinting at a potential reversal. Analysts now predict a possible 25% surge if the momentum continues. To confirm the bullish trend, XRP needs a daily close above $2.12—a critical level that could pave the way for higher gains.

#XRP – Bulls Has Stepped In – We need a daily closure above $2.12: pic.twitter.com/R9lQnsOw9N

— EGRAG CRYPTO (@egragcrypto) December 30, 2024

Bollinger Bands Signal Key Levels

The Bollinger Bands , created by John Bollinger, help traders assess price ranges. These bands include a median and two outer lines that show deviations from the median. They highlight key support and resistance levels and indicate whether an asset is oversold or overbought. XRP recently touched the lower band at $2, signaling oversold conditions. Buyers responded quickly, pushing the price higher and creating a local bottom.

This reaction shows strong support and suggests buyers are gaining control. The next target is the upper Bollinger Band, currently near $2.55. Reaching this level would represent a 25% rise from current prices. However, challenges remain at the median band, around $2.275. This area could prompt profit-taking from recent buyers. Clearing this resistance would confirm a bullish trend and encourage further buying activity.

Breaking Through $2.12 for a Bullish Rally

A daily close above $2.12 is essential for confirming bullish momentum. This level acts as a gateway to further gains and signals market confidence. Breaking past $2.275 would solidify the rally and open the door to testing $2.55. XRP is at a crucial point where traders are closely watching for strong price action.

The combination of bullish technical signals and renewed buying enthusiasm paints a promising picture. If the bulls maintain control, XRP could start the year with a rally that grabs the attention of the crypto market. For now, $2.12 remains the key to unlocking XRP’s next big move.

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