As the cryptocurrency market is on a strong recovery trajectory, XRP – one of the oldest and most controversial names – is drawing attention again. On Crypto Twitter, the XRP community is becoming increasingly lively, but this is also accompanied by numerous bold claims and unverified rumors.

A Twitter user shared that the 'What's happening' section related to $XRP has now become a mess with all kinds of rumors. From BlackRock secretly investing billions of USD in XRP, to claims that the global payment system SWIFT will integrate XRP, or trades in 'darkpool' targeting a price of $10,000. Additionally, there are countless rampant 'giveaway' programs – all creating a chaotic and unverifiable scenario.

It is noteworthy that this user also admits that most of the aforementioned news lacks clear sources and is merely sensationalized. He humorously shared: 'The fastest way to get thousands of likes on Crypto Twitter nowadays is to post a line like: 'Apple secretly bought all the XRP in escrow 7 years ago.''

Bill Morgan, a long-time supporter of XRP, has also shared his views. He believes that serious legal discussions surrounding the lawsuit between Ripple and the SEC deserve more attention than simple emotional tweets. 'You can spend half an hour explaining the terms of Ripple's settlement agreement, or just post a line 'XRP will hit $1,000' to get five times the engagement,' he shared sarcastically.

XRP Technical Analysis: Opportunities and Risks

Currently, XRP is still moving in the same direction as the general upward trend of the crypto market. However, the factor of 'hype' is playing a significant role in the current surge.

As of the time of writing, XRP is trading below the $2.60 threshold. In the short term, the bulls will try to push the price above the resistance level of $3.00 – an important psychological price point.

Conversely, the important support area lies between $1.79 – $2.26, with the $2.15 mark playing a special role. If XRP breaks below this level, it could be a sign that the upward momentum has peaked in the short term.

As long as XRP holds above these support levels, the upward trend remains intact. The next target will be to retest the historical highs (ATH) previously reached.

Conclusion

XRP's return to the public spotlight clearly reflects the dual nature of the crypto market: technological potential and high speculation. While XRP may have growth prospects in the future, investors need to stay alert against baseless rumors and always prioritize researching information from legitimate sources. Remember, the crypto market can yield significant profits, but it is also fraught with risks if greed and FOMO (fear of missing out) are not controlled.