XRP is showing signs of potential upward momentum with a target towards $3, facing immediate resistance at $2.20 to $2.30 range.
Technical analysis indicates a challenge at the 200-day SMA at $2.36 for XRP to trigger significant rallies.
XRP's volume and momentum support a bullish sentiment, with predictions of pushing towards the $2.40s if breakout holds.
There are concerns that the current XRP rally might be driven by profit-taking rather than fresh demand based on recent on-chain data showing increased tokens moving to centralized exchanges.