Following a recovery from the $1.5 support level, Ripple has gained 26% in the last 24 hours. This rebound coincided with Bitcoin's re-entry into the $50,000 range and a surge past $2,500. Ripple's immediate upside is capped by resistance at the 100 Simple Moving Average (SMA). If broken, Ripple will face the remaining hurdles on its way to $2. The uptrend will continue in the coming sessions if the technical picture remains unchanged.