Arthur Azizov says that if the $XRP can
If it stays above $2.34, it is likely to see a rise towards $6.
The price $XRP has been trading within its current range since December. However, the token may be in a position for a significant rise. On Wednesday, July 9, it reached its monthly high at $2.40 and managed to maintain its momentum even after a short correction, trading at $2.37.
Arthur Azizov believes that if $XRP maintains a key support level, it could rise to new all-time highs, possibly even to record levels. He noted that the first major resistance is at $2.65.
"XRP is currently trading near a key level. If the price can hold above $2.34 and remain above this level, it is likely to trend towards a new all-time high of about $2.65," Arthur Azizov.
XRP traders are currently accumulating tokens, but the price has remained relatively stable. Azizov attributes this to XRP's tendency to move independently of wider market dynamics. Nevertheless, the overall outlook for the currency is positive.
"Since XRP has accumulated for a long time, the outlook remains positive. A breakout is likely to be bullish, with targets ranging between $4 and $6," Arthur Azizov,
The fundamentals of digital XRP remain strong: Azizov
A price exceeding $3.84 for XRP will represent its highest historical level ever, which was last recorded in January 2018. Several fundamental factors may support this move now.
First, XRP has expanded its partnerships with major institutions. Additionally, there has been an increasing number of ETF applications focused on XRP in the United States, indicating investor expectations for rising demand.
The largest exchange-traded fund, Teucrium 2x Long Daily XRP, saw its largest weekly inflows since its launch, recording $158 million in July.
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