XRP Trading at $2.14 Amidst Key Breakout Pressure

XRP is trading above $2, maintaining strength amid volatility in the crypto market. Key levels of interest are:

XRP is attempting to break out of a consolidation range, with bulls pushing for higher prices.
Analyst Ali Martinez notes that a decisive daily close outside the tight trading range will indicate the next major trend—either a breakout or a drop toward lower support levels.
The asset is currently facing resistance at $2.35, while support remains around $2.05.
Market conditions are favorable as Bitcoin approaches all-time highs, which could influence XRP's movement.

The technical analysis indicates:

XRP is trading at $2.14, above the 200-period simple moving average at $2.11 and below the 200-period exponential moving average at $2.17.
The price structure is neutral but constructive, showing strong demand at the $2 level.
A breakout above $2.26–$2.35 could lead to further upward momentum toward $2.50.
A breakdown below $2.05 would invalidate the current bullish setup, leading to potential downturns.

The upcoming 48 hours are crucial for XRP’s short-term direction.