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<p>The price rally initiated by the cross-border token in mid-August was halted at $1.70, and the subsequent correction drove it south hard to under $1.35. However, the asset managed to rebound swiftly and now sits above a key support level at $1.40.</p><p>This has provided additional fuel to popular bullish analysts such as EGRAG CRYPTO to map out XRP’s next move, which could take it north by almost 100%.</p><h2 id="is-2-70-on-the-map-for-xrp">Is $2.70 on the Map for XRP?</h2><p>The token’s recovery coincided with a substantial increase in trading activity as the spot volume across major exchanges <a href="https://cryptopotato.com/xrp-trading-activity-hits-highest-level-since-february-as-price-jumps-8/" rel="noopener noreferrer nofollow">skyrocketed</a> to its highest level since February in late August. Binance alone handled almost $7.3 billion in XRP spot trades, followed by South Korea’s Upbit ($4.7 billion) and Bithumb with $2.6 billion.</p><p>EGRAG <a href="https://x.com/egragcrypto/status/2095564749823938767" rel="noopener noreferrer nofollow">argued</a> that XRP is now attempting to establish a bullish continuation pattern after recovering from the recent pullback that drove it from $1.70 to $1.33 in just over a week. The key here will be whether buyers can reclaim the resistance area that has repeatedly capped the asset’s breakout attempts.</p><p>If XRP is finally successful, it could aim at $2.70, said EGRAG, which would be a 100% move from the recent lows. However, there are still several hurdles in place.</p><p>The first major resistance level stands at $1.50, followed by the next at $1.60. Only if XRP is able to decisively close above both on the daily, it would have the opportunity to target the psychological $2.00. If it doesn’t, it can rely again on the $1.25-$1.30 support, which was already tested successfully recently.</p><h2 id="demand-still-present">Demand Still Present</h2><p>Aside from the hurdles, there are some encouraging signs behind the latest leg up. Perhaps the most notable comes from the ETF inflows, as the financial products <a href="https://cryptopotato.com/ripple-xrp-etfs-smash-2026-inflow-record-as-total-flows-hit-new-ath/" rel="noopener noreferrer nofollow">registered</a> their best week in 2026 at the end of August, attracting over $110 million. The cumulative net inflows consequently tapped a new all-time high of $1.66 billion.&nbsp;Although the trend cooled in the past week, the funds still closed in the green as they have done for the past two months straight.</p><p>Ripple whales have also been on a substantial accumulation spree lately. Although these positive developments do not guarantee that EGRAG’s $2.70 target will materialize, they show that demand is still present despite the underlying asset’s rejection at $1.70. However, before it aims at $2.70, XRP would have to overcome other key resistance lines, with the first located at $1.50.</p><p>The post <a href="https://cryptopotato.com/xrp-bulls-defend-key-level-as-analyst-envisions-another-100-rally/" rel="noopener noreferrer nofollow">XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally

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