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EdaFace Newsfeed > Latest News > Price Analysis > Is $2 the Next Target?
Price Analysis

Is $2 the Next Target?

vitalclick
Last updated: April 24, 2026 8:37 am
3 hours ago
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Contents
Spot Demand Climbs While Shorts Lean In: Imbalance Starts to BuildFrom Demand Base to Breakout Pressure: XRP Price Structure Starts to TurnOpen Interest Picks Up Without Overheating: Positioning Turns ConstructiveAll Eyes on Resistance as XRP Builds Toward Its Next MoveTrust with CoinPedia:Investment Disclaimer:Sponsored and Advertisements:

XRP price outlook is turning bullish as spot demand continues to expand, with price holding firmly above its demand zone, reinforcing a structure that is now tilting toward bullish continuation. While cumulative spot CVD has climbed to $1.39 billion, Binance perpetual CVD has dropped near -$392 million, reflecting growing short exposure across derivatives. Meanwhile, the coin price is holding steady near $1.43, with no signs of structural weakness.

As demand continues to absorb supply and short positioning builds, the divergence is no longer passive, it is shaping into a directional imbalance. With pressure building beneath resistance and support holding firm, the XRP price setup now hinges on a break higher, bringing $2 into focus.

Spot Demand Climbs While Shorts Lean In: Imbalance Starts to Build

While spot buyers continue to accumulate, derivatives traders are increasingly positioning against the move. As spot CVD has added over $300 million in recent weeks, real demand remains consistent across exchanges. Meanwhile, Binance perpetual CVD continues to trend deeper into negative territory, reflecting growing short exposure.

XRP on-chain

With long liquidations already clearing excess leverage earlier in the cycle, the market is no longer crowded on the bullish side. As funding conditions stabilize, positioning is shifting toward a healthier balance. This divergence is constructive. With demand strengthening and shorts building exposure, the market is forming conditions that typically support continuation rather than rejection.

From Demand Base to Breakout Pressure: XRP Price Structure Starts to Turn

Following the extended decline within the descending channel, XRP established a base near the $1.30–$1.35 demand zone, where accumulation began to take shape. While the channel structure initially dictated direction, repeated support holds within this region confirmed that selling pressure was being absorbed. Meanwhile, price compression near the lower range signaled a gradual shift away from continuation lower.

XRP price outlookXRP price outlook

As accumulation progressed, XRP transitioned into a tightening range beneath resistance, steadily building pressure toward breakout. With the latest move, XRP price is attempting to hold above this zone while aligning with short-term moving averages.

Currently, XRP is stabilizing near the 20-day EMA, which is beginning to flatten, reflecting a shift from downtrend to early expansion. While price continues to hold above $1.30 and maintain higher lows, the structure remains constructive. As a move above the $1.50–$1.60 region confirms breakout acceptance, continuation toward $1.80 becomes likely, with the $2.00 level emerging as the next major upside target. However, a loss of the $1.30–$1.25 region would weaken the structure and shift price back into consolidation.

Open Interest Picks Up Without Overheating: Positioning Turns Constructive

While the XRP price structure remains stable, derivatives participation is beginning to rebuild. As Binance open interest rises toward $449 million, now above its 30-day average near $420 million, positioning is gradually expanding. Meanwhile, the Z-score near 0.96 suggests that participation is increasing without reaching excessive levels.

XRP open interestXRP open interest

With open interest building in a controlled manner, the market is reflecting gradual positioning rather than speculative excess. Meanwhile, the absence of extreme leverage reduces the likelihood of forced volatility disrupting structure. As participation continues to recover alongside price stability, the setup supports a constructive phase where positions are being built for continuation rather than short-term speculation.

All Eyes on Resistance as XRP Builds Toward Its Next Move

As XRP continues to hold above its demand zone, the broader structure remains aligned with accumulation rather than breakdown. While spot demand continues to expand and derivatives positioning remains skewed, the divergence is reinforcing a setup that typically resolves through expansion. Meanwhile, the lack of downside continuation strengthens the case for sustained support.

With structure stabilizing and pressure building beneath resistance, the path toward a higher move remains open. However, once resistance begins to give way, the move is unlikely to remain contained, bringing the $2 level into focus as the next major upside target.

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CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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