Can bulls break $2 as Bitcoin reclaims $65K?
XRP price is back in focus as Bitcoin stages a sharp 24-hour rebound, reclaiming the $65,000 level after dipping to roughly $62,800 earlier this week.
Summary
- Bitcoin has rebounded to $65,000 after defending the $62,800 support zone, shifting short-term momentum back to buyers.
- XRP is consolidating near $1.36, with resistance at $1.45 and $1.60, while $2 remains a distant macro target.
- The XRP/BTC pair remains in a broader downtrend, suggesting XRP is still underperforming Bitcoin despite improving momentum indicators.
Can XRP price follow Bitcoin’s $65K rebound?
The Bitcoin (BTC) price chart shows a strong impulsive bounce, with BTC climbing back above short-term consolidation levels and attempting to stabilize after the heavy sell-off on Feb. 23–24.
The recovery suggests buyers are defending the mid-$62K region, turning it into near-term support, while $66,000–$67,000 now stands as immediate resistance.
Against this backdrop, the Ripple token (XRP) is trading near $1.36 on the daily chart, consolidating after a prolonged downtrend from above $2.20 in January. Price action shows XRP holding above the $1.30 support zone, with stronger structural support sitting near $1.20, the level that triggered the early-February bounce.
On the upside, XRP faces layered resistance at $1.45 and $1.60. A break above $1.60 would open the path toward $1.80, but bulls would still need a sustained breakout above that level before $2.00 comes into focus. At present, the $2 mark remains a distant macro resistance rather than an immediate target.
Indicators show tentative improvement. Balance of Power has flipped positive at 0.28, suggesting buyers are regaining short-term control, while the Chaikin Money Flow (CMF) has turned slightly positive at 0.03 — signaling mild capital inflows.
However, neither indicator reflects strong bullish momentum yet.
Meanwhile, the XRP/BTC pair remains in a broader downtrend, hovering around 0.0000209 BTC, indicating XRP is still underperforming Bitcoin. For a credible move toward $2, XRP would likely need not just Bitcoin stability above $65K, but also renewed relative strength against BTC.
For now, XRP’s outlook improves if $1.30 holds, but a decisive breakout above $1.60 is the real trigger bulls must clear before $2 enters the conversation. At current momentum, a move to $2 would likely require a broader market breakout led by Bitcoin clearing $67K.
