XRP price continues to be bullish, with analysts predicting the next pump will reach $1.9.

XRP price is consolidating below $1.4, but the technical structure continues to show a bullish trend. Interestingly, according to data, XRP has fallen about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296. According to XRP analysis, the technical setup still points to a continued pump in prices. Analysis suggests that XRP may soon pump further, with a short-term price target set at $1.90.
The surge in XRP price at the beginning of this month is unprecedented. In particular, the XRP price skyrocketed from a low point of $0.4976 on November 3rd to a three-year high of $1.6 on November 23rd. This means that the price has pumped 220% in just over 20 days.
However, since reaching its highest point in three years, XRP has entered a phase of adjustment, falling by nearly 20%. Despite the pullback in price, the trading price of XRP is basically above the main trend line, which supported the price of XRP during the pump process.
Currently, Technical Analysis shows that the price of XRP is about to rebound or break through this trend line, which may determine its price action. If it follows this major trend line, XRP will rebound to the upside, just like it did on November 24th. After this rebound, XRP continued to rebound from the low of $1.2775 and retested the price level of $1.54 on November 24th.
Now, with the XRP price retesting this major trendline, the more bullish option is to immediately rebound. Breaking above the uptrend will restore the pump trend for XRP, reaching a price level of up to $1.9. Considering this, analysts emphasize the key price range that may influence XRP's future trend. The range between $1.520 and $1.620 has been identified as a crucial area where strong resistance may be encountered in the coming trading days.
The trading price of XRP is $1.39 and is still trading near the major trend line. However, the price has not yet experienced a decisive Rebound from this level. In particular, the current price action indicates continued consolidation over the past few hours.

Although the XRP price continues to show bullish signs, there is still a possibility of a downward breakthrough. If the daily Closing Price is below $1.38, it indicates that the XRP price will break through the downside. If this happens, XRP may continue to decline and retest the next important support level of $1.32.
(Data Source: Scott Matherson)