XRP, a popular altcoin, has surpassed the $2.20 threshold, attracting investor attention and creating a positive market trend.
Key Levels for XRP
Traders suggest that if XRP can break through the $2.30–$2.35 range, it may retest the May peak of $2.66. The $2.19 level now acts as a protective barrier.
Technical Analysis and Outlook
The technical outlook shows a trend characterized by consecutively lower highs and lows. Analysts emphasize the necessity of closing candles above $2.35 to disrupt the bearish structure.
If XRP breaks this level, it may approach the $3 mark, a significant event in the market.
What’s Next?
A candle close above $2.35 could provide XRP with additional momentum, potentially returning the price to the psychological $3 threshold in the coming weeks. If the positive momentum in Bitcoin and Ethereum persists, this will create favorable conditions for the altcoin's growth.
XRP's prospects amid positive market interest may lead to further growth if key support levels are maintained.
