XRP price is sitting in a corrective pocket after one of its stronger months of the year. That $2 target sounds ambitious given the current chart, but one metric buried in the fundamentals is giving bulls a reason to stay patient.
XRP remains up roughly 31% for August despite shedding about 5% over the past week, a pullback that follows a volatile range between $1.35 and $1.55 for most of the month. Meanwhile, RLUSD stablecoin volume on the XRP Ledger crossed $1 billion on August 30.
Not just the volume, active addresses have also surged more than 650%, climbing from 47,180 to 356,070 in just two weeks. The sharp rise in network participation came alongside XRP’s recent rally and suggests the move was supported by stronger blockchain activity. If this momentum continues and XRP can reclaim the $1.55 to $1.60 resistance zone, the token could open a path toward $1.70, $1.80 and eventually the psychologically important $2 level.
Bitcoin itself sat just under $78,000 Monday morning, flat on the day, while the market split hard. Risk appetite is uneven right now, and XRP’s next move likely hinges on whether it can decouple from that chop.
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Can XRP Price Hit $2 This Week?
Short-term support clusters at $1.30–$1.36, with a daily pivot near $1.36 and deeper structural support around $1.28. Its immediate resistance is at $1.41–$1.45, a zone XRP needs to reclaim before any serious continuation talk. The pullback from the upper Bollinger Band near $1.40 reads more like cooling off than a breakdown as momentum eases.
- Bull case: a daily close above $1.45 opens the path toward $1.57, and from there the well-circulated $2.00 target becomes a live conversation rather than wishful thinking.
- Base case: consolidation between $1.30 and $1.45 while the market waits for a catalyst.
- Bear case: a breakdown below $1.30 tests the $1.00 structural floor, a level some analysts flag as the point where bears take real control.
Whale flows versus ETF demand remain worth watching closely here.
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Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels
Holding XRP through this chop takes conviction. The RLUSD volume story is real, but a move from $1.37 to $2 is “only” a 46% gain. Fine for a position, unremarkable for anyone chasing outsized returns at this stage of the cycle. That’s pushing more traders toward presale-stage infrastructure plays where the upside math looks different.
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The post XRP Price Targets $2 as One Key Metric Flashes Bullish Signal appeared first on Cryptonews.
