#xrp

𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣 𝙖𝙨 𝙍𝙞𝙥𝙥𝙡𝙚 𝘾𝙤-𝙁𝙤𝙪𝙣𝙙𝙚𝙧 𝘽𝙧𝙚𝙖𝙠𝙨 14-𝙔𝙚𝙖𝙧 𝙎𝙞𝙡𝙚𝙣𝙘𝙚

𝚇𝚁𝙿 𝚙𝚛𝚒𝚌𝚎 𝚜𝚞𝚛𝚐𝚎𝚍 7% 𝚊𝚏𝚝𝚎𝚛 𝚁𝚒𝚙𝚙𝚕𝚎 𝚌𝚘-𝚏𝚘𝚞𝚗𝚍𝚎𝚛 𝚋𝚛𝚘𝚔𝚎 14-𝚢𝚎𝚊𝚛 𝚜𝚒𝚕𝚎𝚗𝚌𝚎 - 𝚠𝚒𝚕𝚕 𝚝𝚑𝚒𝚜 𝚜𝚙𝚊𝚛𝚔 𝚛𝚊𝚕𝚕𝚢 𝚝𝚘 $3?

Ripple co-founder’s 14-year comeback served as a tailwind, allowing XRP price to close Monday with a near 7% gain. This development also comes as XRP bounced off the $2 psychological level for the ninth time since December 1, 2024. While other factors like Bitcoin’s recovery, macroeconomic and geopolitical factors are also in play, XRP is leading the market in gains over the past 24 hours. Will Monday’s gains ripple out and propel the XRP token higher this week or continue the ongoing drop?

XRP price is stuck consolidating between $2.06 and $2.58. This is a value area, where 70% of the volume was traded since December 3, 2024. The revisit of the lower limit, coupled with a $2 retest, has prevented XRP from collapsing lower. The comeback of Arthur Britto, Ripple’s co-founder, has caused XRP price to bounce nearly 7% so far and is up 1.64% today.

The next key hurdle is the POC or Point of Control at $2.41, which is the highest traded volume level since December 3, 2024. Beyond this, investors can expect XRP price to revisit $2.58.

If XRP price overcomes $2.58, it is likely to kickstart an explosive rally to $3, which is the next key psychological level.

While the short-term outlook remains bullish with Arthur Britto’s comeback, the mid-term outlook remains uncertain, as noted in a previous CoinGape article that outlines XRP’s 7-month consolidation pattern. This article notes that XRP is on the verge of a volatile breakout.