XRP Reclaims $1: Can It Reach $2 Amidst Challenges?

XRP surges 80% to reclaim $1, but $2 target faces internal and external challenges.

Key Statistics:

- XRP price: $1 (three-year high).
- Market cap: $60.45 billion (10% gain).
- Weekly gain: 80%.
- Memecoins' weekly gain: Up to 1,000%.

Technical Analysis:

- Daily chart: Consistent green candlesticks.
- RSI: Overheated.
- Support level: $1 (needs to be solidified).

On-Chain Metrics:

- Exchange reserves: 3.273 billion (peak).
- Reserve drop: 3.228 billion (profit-taking).

Potential Outcomes:

- Flip $1 into support: Continued rally to $1.15.
- Failure to hold support: Retrace to baseline.
- Memecoins' continued outperformance: XRP upside limited.

 Predictions:

- Short-term: $1.15 (if support holds).
- Long-term: $2 (ambitious, dependent on overcoming challenges).
- Continued whale activity: Essential for rally sustenance.

Monitor XRP's technicals, on-chain metrics, and market sentiment to navigate challenges and potential outcomes.