XRP surged nearly 7% on Monday following the surprise return of Ripple co-founder Arthur Britto, who broke a 14-year silence with a single tweet. The post has sparked speculation and optimism throughout the crypto community.
📈 The XRP price bounced off the $2 mark for the ninth time since December 2024, holding firm within a key value zone. While the broader recovery of Bitcoin and favorable macroeconomic signals played a role, XRP led the altcoin market in gains over the past 24 hours.
🔁 Britto’s Tweet Stirs Up the XRP Community
Arthur Britto, one of Ripple’s original founders, posted his first tweet in over a decade on June 23. Community members on platform X were quick to tie this to the U.S. Federal Reserve’s recent announcement that reputational risk will no longer be a factor in bank oversight — a decision that could clear the way for more crypto adoption in banking.
Though it's just coincidence and speculation, investors see Britto’s return as a bullish omen.
📊 XRP Consolidating Between $2.06 and $2.58 – Breakout Ahead?
XRP has been ranging between $2.06 and $2.58, where more than 70% of trading volume has occurred since early December. A bounce from the lower edge and Britto’s return could spark momentum for a breakout.
🔹 If XRP breaks through $2.58, it could rally rapidly to the psychological $3 mark. The key volume control point (POC) lies at $2.41, acting as a major resistance level to watch.
🧠 What Else Is at Play?
Several other fundamentals are influencing market sentiment:
🔹 Rumors of a delay in Ripple's SEC settlement have faded, providing short-term relief.
🔹 If Bitcoin breaks above $100,000, it could act as a strong tailwind for XRP.
From a technical standpoint, XRP continues to form a long-term consolidation pattern, which could soon erupt into a volatile breakout – either upward or downward.
✨ Summary
Ripple co-founder Arthur Britto’s return has breathed new life into XRP. If the token maintains its support at $2.06 and surpasses $2.58, we may see an attempt to hit $3 in the coming days.
However, the market remains volatile, and investors should stay cautious. Bitcoin’s performance will likely be the ultimate catalyst to confirm or deny this bullish scenario.
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