The market sentiment for XRP has turned optimistic, target price at $2.60

The market sentiment for $XRP has become cautiously optimistic, with traders watching for a breakout at $2.60, driven by whale activity and derivatives. Confidence in the market is increasing, with open interest in options rising by 24.40%, indicating an uptick in speculative positions. XRP is currently trading at $2.06, down 0.88% in the last 24 hours.

$XRP has managed to break out of a bullish flag pattern, with a target price of $2.6010. The influx of whales to exchanges has increased slightly, indicating a strategic repositioning by large holders. The NVT ratio has increased by 136.83%, showing that market capitalization is growing faster than on-chain transaction volume, which requires caution.

A short liquidation zone between $2.03 and $2.10 could trigger a breakout, with the critical pivot area being the $2.10–$2.20 zone. If $XRP can surpass $2.1665 and maintain momentum above $2.60, it could confirm a broader trend reversal.