The cryptocurrency market has recently come back into focus with the rapid rise of XRP. The popular altcoin exceeded the $2.20 level on the morning of June 26, attracting the attention of investors once again. Although it is still 42% below its historical peak of $3.84, this movement has given hope to investors.

In the previous process, XRP found strong support in the $1.92–$1.95 range and quickly broke the $2.20 resistance along with the positive sentiment in the overall market, and it is stated that this level has now become a new support line. Currently, the focus point is in the $2.30–$2.35 range. If this band is surpassed, the $2.66 level seen in May is expected to come back into focus.

Analysts state that for XRP to sustain its upward trend, consecutive closures above $2.35 are needed.

From a technical perspective, although the price sometimes creates lower lows and highs, permanent breakouts occurring above $2.35 strengthen market optimism. Additionally, the $2.08 level stands out as an important support in the short term; if this level is broken downwards, some gains may be given back.

It is often mentioned that closures above $2.35 could signal a broader rise in XRP. Once this barrier is surpassed, it will become possible for the price to test the psychological resistance point of $3. In the long term, the record peak of $3.84 recorded in 2021 continues to be one of the targets investors are focused on.

Experts note that while the recent rise is viewed positively in the short term, a permanent and strong rally requires the formation of a five-wave technical upward structure.

It is stated that the recovery in Bitcoin and Ethereum has a significant impact on XRP's performance. As long as the overall market sentiment remains positive, it is anticipated that XRP will be able to showcase its potential more comfortably.

If the technical and psychological support levels are maintained, it seems possible for XRP to gain new upward momentum towards $3 in the near future. Both the increase in investor confidence and the optimism in the crypto market indicate that XRP will continue to be a focal point for investors in the upcoming period.


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