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<p>As Bitcoin jumped 8% in the past 7 days to inch closer to the $100,000 milestone, the BTC dominance in the crypto market has now reached 58.45%. Amid this bullish scenario, the XRP price has crossed the $1.50 psychological mark.&nbsp;</p>  
<p>For the past 7 days, it has increased by 60% and has reached a market cap of $88 billion. With just 4 billion short of surpassing Binance, XRP is gaining momentum. Will this bull run result in a new peak above the $2 mark? Let's find out.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-xrp-price-tests-23-60-fibonacci-level-after-triangle-breakdown">XRP Price Tests 23.60% Fibonacci Level After Triangle Breakdown</h2>  
<p>In the weekly chart, the XRP price trend shows three consecutive bullish candles. The ongoing candle shows a 47.72% surge following the 78.74% surge last week. This candle resulted in the breakout of the overhead resistance line and the 50% Fibonacci level at $0.9319.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/23183515/XRP-analysis-23rd-Nov-2024-1024x509.webp" alt="XRP analysis 23rd Nov 2024" class="wp-image-384334">
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  XRP analysis 23rd Nov 2024
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<p><a href="https://www.tradingview.com/x/Bz8hxxyf/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>However, the bullish rally started with a 17% surge from the support trend line in early November. Currently, the bullish rally is testing the 100% Fibonacci level at $1.56179.&nbsp;</p>  
<p>Furthermore, the XRP price action shows a rounding reversal and is ready to change the character. The neckline stands at the 100% Fibonacci level at $1.56179 and a weekly closing above this will mark a bullish continuation forward.&nbsp;</p>  
<p><strong>Technical Indicators:</strong></p>  
<p><strong>EMA: </strong>The bull run has resulted in an uptick in the 50-week EMA and is ready to diverge from the 100-week EMA to regain its positive alignment.&nbsp;&nbsp;</p>  
<p><strong>MACD: </strong>Supporting the bullish trend, the resurfacing histograms propel the MACD and signal lines on the positive side.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-xrp-price-hit-2"><strong>Will XRP Price Hit $2?</strong></h2>  
<p>Using the Fibonacci levels, the next price targets are at $2.34 and $3.60. These price levels coincide with the 1.618 and 2.618 Fibonacci levels.&nbsp;</p>  
<p>Conversely, a bullish failure to close above the $1.56 mark could result in a retest of the $1.29 level next week.</p>  
<p>Worried about the XRP price in the long run? Read Coinpedia’s <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Price Prediction</a> for 2024-2030 and subscribe to us for the latest crypto updates.</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732367144192"><strong class="schema-faq-question">Can XRP hit $2 in this bull run?<br></strong>
  <p class="schema-faq-answer">Yes, XRP has strong bullish momentum. Breaking $1.56179 could push it to $2.34 and $3.60, aligning with key Fibonacci levels.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732367181880"><strong class="schema-faq-question">What is driving XRP’s rally?<br></strong>
  <p class="schema-faq-answer">XRP’s surge is supported by a breakout above major resistance levels, EMA divergence, and positive MACD momentum, indicating strong buyer interest.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732367202915"><strong class="schema-faq-question">What happens if XRP fails to sustain above $1.56?<br></strong>
  <p class="schema-faq-answer">A failure to close above $1.56179 could lead to a retest of $1.29, but the broader bullish trend would remain intact.</p>
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As XRP Price Surges to $1.56, Bulls Target $2 as Next Milestone!

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