XRP has recently surged past the $2.70 resistance level, marking a significant milestone not seen in years. This breakout is accompanied by a substantial increase in trading volume, indicating strong interest from both institutional and retail investors. The momentum suggests that XRP could be gearing up for further gains, with the next psychological resistance level at $3.00 in sight.
The bullish trend is supported by technical indicators, including a breakout from a descending wedge pattern and a golden cross on the daily chart. Additionally, the recent launch of Ripple's Ethereum-compatible sidechain on the XRP Ledger has expanded the ecosystem's capabilities, potentially attracting more developers and users.
With these developments, XRP appears to be setting the stage for a continued upward trajectory. However, as with all investments, it's essential to stay informed and consider potential risks.