The bulls appear to have gained immense bullish momentum as the crypto space is optimized for a giant bull rally. The major cryptos like Bitcoin, Ethereum, etc smashed their respective strong resistance levels to march towards the north. Yet Ripple’s XRP price rally appeared to be behind the schedule. However, the much-awaited iconic rally initiated with a step closer to $1, intending to smash $2 at the earliest.
XRP price closed the previous day trade with a perfect rebound from the slight pullback or correction after a significant surge. This provided the price with enough push which fueled the rally with an additional 10% since the early trading hours. The candles appeared to be much stronger with a diminished wick as the buying pressure mounted.
Currently, the price is an inch close to the strong resistance zone in between $0.92 to $0.96. These levels are pretty pivot as the direction of the next leg up or down could be established. If the price successfully surpasses these zones, then $1 could be imminent. Moreover, $1 could become a fresh support level if sustained strongly.
The current surge could also manifest its independence over the ongoing Ripple vs SEC case. However, the XRP maximalist is currently on the ride as the price broke out of its comfort zone. One such popular analyst and XRP proponent, CryptoBull believe the price could smash $2.50 in the next 9 days, that’s somewhere around 20 August 2021.
Hence, Ripple has yet another chance to rally towards its ATH and form a new one. As it’s the only asset that failed to smash its ATH during the crypto bull run of 2021. Therefore the XRP price could rally hard in the coming days and significant development with Ripple vs SEC case could also boost the rally.