XRP Price Breaks Its Downtrend: Is $2 Finally In Sight?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.XRP just snapped the trendline that capped it all September. Here is what the chart says about $1.50, $1.80 and the road to $2.Where Is The XRP Price Right Now?$XRP is trading at $1.4895, up 5.62% on the session from a previous close of $1.4103. The move came in one clean burst at roughly 11:30 UTC, the same minute $Bitcoin ripped through $84,000, so this is the majors moving together rather than anything Ripple-specific. XRP is leading them, though: CoinDesk data had XRP up 7.43% on the day against 4.42% for Bitcoin. Zoom out and XRP has gained roughly 27% over the past 30 days, though it is still down around 58% over a year.XRP Chart in USDWhat Does The XRP Chart Actually Show?The important line just broke. Since the late-August spike to $1.70, every rally was capped by a descending trendline, and today's candle closed above it with conviction. Underneath that, the structure has been quietly improving for weeks: the $1.00 floor from mid-August held, the $1.30 support held on t...