Ripple (XRP) is trading around $1.4078, with XRP price down roughly 1% on the day, as the market decides whether the last two weeks of choppy price action are a consolidation or the start of something worse. The headline question, whether $2 is next, could depend almost entirely on a single line on the chart: the 200-day exponential moving average (EMA). There’s also a second, less obvious catalyst brewing on the XRP Ledger (XRPL) that most traders haven’t priced in yet.
Recent coverage has zeroed in on XRP’s defense of that long-term EMA after a sharp August rally that carried XRP price from the $0.94-$0.97 zone to roughly $1.70, only to get rejected at resistance.
Another piece of news is the XRPL’s fixCleanup3_3_0 upgrade this week, reportedly carrying validator support above 80%, with an activation target near September 11: a protocol-level catalyst running parallel to the technical setup.
Treasury liquidity operations and risk-asset sentiment tied to Bitcoin keep getting mentioned in the same breath as XRP, which says something about how correlated the narrative has become.
Can XRP Price Hit $2 This Week?
XRPUSDT Chart 1D 200 MA TradingView
At $1.4078, XRP price sits below the $1.45-$1.54 supply zone that’s capped every rally attempt since the August breakout. Daily volume near $1.67B suggests participation hasn’t dried up, even as price consolidates.
The 200-day EMA near $1.27 remains the structural floor bulls need to hold; a flattening slope there is arguably more bullish than the price action itself.
Bull case: a daily close above $1.45-$1.54 reopens the path toward the $1.70 high, with $2 becoming a realistic extension target on continuation.
Base case: range-bound chop between $1.27 and $1.54 while the market digests the August move.
Bear case: a break below $1.27 invalidates the recovery structure and points toward the lower moving average near $1.15.
