XRP price is showing bullish signs of a potential surge after recovering from the break below the $2 support level.
Analysts point out the formation of a cup and handle pattern on larger timeframes, indicating a possible surge toward the $2.33 area as the next major resistance level.
If the resistance at $2.33 is broken with sufficient volume, the XRP price may target the next major level at $3.02.
Despite a bearish scenario where the $2 support fails, the current structure and momentum suggest a classic bullish retest setup for XRP.