Three Factors to Monitor in Today's Ripple (XRP) Valuation

Ripple's XRP is currently testing the resistance at $2.3, with key support and resistance levels being $2 and $2.3, $2.6, $3 respectively. Despite sellers pushing back at the $2.3 resistance, buyer presence is significantly increasing, suggesting a potential breakout beyond the $2.3 mark and a possible test of $2.6 soon. There's a growing sense of optimism around this cryptocurrency as seen in the volume profile, with a dominance of buyers in recent days.

There's a possibility of a volume spike and further price increase if the price breaks above the $2.3 level. Additionally, the daily MACD turned positive last week and the 2-day MACD followed suit today, indicating a steady increase in buying momentum. This positive trend may result in price action confidence, attracting more buyers and potentially pushing XRP to $2.6 or higher this July.