thecryptobasic.com
$XRP price is showing a bullish setup after reclaiming the $1.40 level, and analyst Nebraskangooner has identified $2.12 as the upside target.
His chart shows an entry around $1.43, a stop level near $1.31, and a profit-taking target of $2.12. That means risking about 8.3% for a potential 48.1% gain, giving the trade a risk-reward ratio of roughly 5.8:1.
Nebraskangooner described the setup as offering a strong risk-reward opportunity but said he is not personally taking the trade.
$XRP Price Needs to Hold Support
The key level is the 99-day simple moving average (99 SMA), which is acting as support. Nebraskangooner said $XRP price needs to stay above this level to maintain its upward momentum.
The main support sits around $1.31–$1.32. A sustained break below this zone would weaken the bullish setup and invalidate the trade idea. Meanwhile, on the upside, $2.12 is the main target, with resistance around $2.10–$2.15.
$XRP Gains While the Market Stays Flat
At press time, $XRP was trading around $1.43, up 3.16% in 24 hours, making it one of the stronger-performing major cryptocurrencies while the broader market remained mostly flat.
$XRP has recovered from its early-August low of about $0.987 and climbed to around $1.70 in late August before pulling back and finding support in the $1.30–$1.40 range.
The price of the coin is now at a key decision point. Holding $1.31–$1.32 keeps the path toward $2.12 intact, while a decisive break below that support would weaken the bullish outlook. From $1.43, $XRP needs to gain about 48% to reach the $2.12 target.
Imminent Golden Cross
Other market watchers are also issuing bullish outlooks for $XRP. As The Crypto Basic reported yesterday, $XRP is approaching a potential golden cross, a bullish technical signal that occurs when a shorter-term moving average crosses above a longer-term average.
The setup is drawing attention because a similar pattern previously preceded $XRP’s price rally from roughly $2.20 to above $3.60, a gain of more than 63%. Still, past performance does not guarantee another rally.
$XRP has traded between $1.30 support and $1.50 resistance for about three weeks. The 20-week EMA sits near $1.28, while the 50-week EMA is around $1.53, making $1.50–$1.53 a key resistance zone.
Analyst ChartNerd says a decisive break above $1.50 could strengthen the bullish outlook, while a drop below $1.20 would signal weakness.