$XRP
is currently trading at $2.31, slightly below the key resistance level of $2.35. The market has shown increased activity, with CME futures daily volumes reaching all-time highs, indicating heightened institutional interest.
Analysts suggest that if XRP can decisively break above the $2.35 resistance, it may target the next level at $2.65, especially as bearish momentum appears to be weakening.
However, it's important to note that XRP has previously faced challenges at similar resistance levels, with past attempts leading to price reversals.
Traders should monitor market indicators closely, as a successful breakout above $2.35 could signal a bullish trend, while failure to do so might result in a pullback.