XRP is approaching a key technical level that could open the door for a rally to $2 if it successfully breaks through. With other cryptocurrencies like Ethereum (ETH) and Shiba Inu (SHIB) struggling, XRP might be poised for a breakout as market conditions evolve.

XRP Hovers at Key Resistance Point

Recent market activity shows XRP consolidating just below a major resistance zone, suggesting it is gearing up for a decisive move. Currently, the digital asset is trading within a narrowing range, supported by consistent accumulation and steady momentum. If XRP manages to surmount this final resistance area, analysts believe it could quickly escalate toward the $2 threshold.

Technical indicators such as the Relative Strength Index (RSI) and moving averages signal a potential upside. XRP’s RSI remains in neutral territory, leaving room for growth without triggering overbought conditions. Furthermore, the 200-day moving average continues to slope upward—another bullish signal for medium-term traders.

Ethereum Faces Uncertainty Amid Market Shifts

Ethereum (ETH) has shown signs that its recent bull momentum may be waning. After encountering persistent resistance near the $3,200 level, ETH appears to be consolidating, with decreasing volume and momentum. Traders are growing cautious, concerned that if support thresholds break, a sharper correction could ensue.

Some market observers suggest that Ethereum’s price trend could mirror previous cycles, where periods of intense growth are followed by elongated consolidation. With institutional interest slightly cooling and on-chain activity stabilizing, confidence in ETH’s immediate upside potential has tempered.

Shiba Inu Struggles as Risk of Another Zero Looms

Shiba Inu (SHIB) is also having a tough time as it faces the possibility of shedding another zero from its already low value. The meme coin recently failed to maintain key support zones and is under pressure from reduced social media hype and declining trading volumes. Investors are rightly concerned that without fresh catalysts, SHIB may continue its slow decline.

Technical analysis highlights weak bullish signals, as SHIB remains well below its major moving averages and continues to form lower highs. Unless renewed enthusiasm or major ecosystem updates materialize, the path downward could continue for this altcoin.

XRP Stands Out in a Mixed Market

While many altcoins are grappling with corrective phases, XRP’s technical landscape paints a brighter picture. Market watchers are closely monitoring its price behavior near this final level of resistance. Should bulls succeed in clearing this hurdle, buying pressure could accelerate rapidly, possibly leading XRP to the highly anticipated $2 milestone.

Of course, any sustained move will depend not just on chart patterns but also broader market sentiment and regulatory clarity surrounding Ripple and its token. However, for the time being, XRP remains one of the more promising digital assets from a technical perspective.

Related: XRP Price: $12M Max Pain for Bears

Technical analysis points to XRP testing key resistance before a possible move to $2.