XRP crypto eyes rally as price breaks $2.34 level: Is a $6 rally next?
2025-07-09 15:41:32
Main Idea
Arthur Azizov of B2 Ventures suggests that if XRP maintains above $2.34, it could rally toward $6, supported by strong fundamentals and accumulation trends.
Key Points
1. XRP reached a monthly high of $2.40 on July 9 and may be poised for a major rally if it holds above $2.34.
2. The first major resistance level for XRP is at $2.65, with potential upside targets in the $4–6 range.
3. XRP's price stability despite accumulation is attributed to its tendency to move independently of broader market trends.
4. Fundamental factors supporting XRP include expanded institutional partnerships and growing interest in XRP-focused ETFs.
5. The Teucrium 2x Long Daily XRP ETF saw its largest weekly inflows at $158 million in July, indicating strong investor demand.
Description
If XRP manages to stay above $2.34, a rally toward $6 is possible, says Arthur Azizov of B2 Ventures. XRP has been trading within its current range since December. However, the token may be positioning for a major rally. On Wednesday, July 9, it reached a monthly high of $2.40 and managed to sustain its momentum even after a brief correction, trading at $2.37. Arthur Azizov, founder and investor at B2 Ventures, believes that if XRP holds a key support level, it could push to new highs, potential...
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