Recently, the cryptocurrency market has shown upward momentum, and XRP is following this trend, surpassing $2.20.
XRP Bounces from Key Support
After a period of sluggish price action, XRP staged a strong rebound from its critical support zone between $1.92 and $1.95. This move was fueled by improving sentiment across the broader crypto market, particularly with Bitcoin and Ethereum turning bullish.
Next Key Target: $2.30-$2.35
The next crucial resistance lies between $2.30 and $2.35. If XRP can clear this hurdle, it opens up the path to revisit May’s high around $2.66 and move closer to the $3 mark.
Short-Term Outlook: Bullish but Watch the Levels
The recent rally from the June 22nd low has already shown a promising three-wave structure to the upside. However, analysts warn that one more dip remains a possibility, especially if the price fails to hold above the $2.08 support zone.
Despite positive indicators, XRP's broader trend still suggests the need to break through key levels to confirm a sustainable bullish trend.
