Expert sets XRP’s next bullish stop after clearing $2.30 resistance
2025-07-09 17:06:18
Main Idea
XRP is experiencing a bullish breakout, with potential for further gains, supported by technical analysis and positive developments from Ripple.
Key Points
1. XRP is trading at $2.38, up 4.1% in 24 hours, with a weekly gain noted.
2. Analyst Ali Martinez suggests XRP could rise above $2.50 after breaking out of a pattern, with potential resistance at $2.40, $2.45, and $2.52.
3. Ripple CEO Brad Garlinghouse testified before the U.S. Senate, highlighting XRP's use for fast, low-cost payments and compliance in over 60 jurisdictions.
4. Positive developments include potential resolution of Ripple's legal case with the SEC, an application for a Federal Reserve banking charter, and optimism around a spot XRP ETF.
Description
XRP is currently in breakout mode, having successfully established support above the $2.30 level. Amid this renewed momentum, a cryptocurrency trading analyst believes the bullish momentum is likely to continue. At the time of writing, XRP was trading at $2.38, representing a 4.1% increase over the last 24 hours. On the weekly timeframe, the token has gained more than 7%. XRP seven-day price chart. Source: Finbold According to an analysis by Ali Martinez, XRP may find further upside above the $2...
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