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Bitcoin’s rejection Shiba Inu in profit again It appears that the recent price movement of XRP is the beginning of a robust upward trend. Every significant short-term resistance in the asset’s path has been easily overcome in the last two weeks as it has carved out a channel of steady upward movement. As of press time, XRP is up about 10% since the start of the month, trading at $2.17.  The chart indicates that there are not many barriers preventing it from reaching the psychological $2.15 mark. Technical signs validate this strong momentum. The market now has few clear short-term ceilings as the price has soared above all significant moving averages, including the 50, 100 and 200 EMAs. In order to exhaust sellers and prepare the way for a clean breakout, the market spent the majority of the previous quarter consolidating in a narrow range. XRP/USDT Chart by TradingView The volume has been rising steadily over the past few sessions, indicating that actual participation is fueling the surge and that this advance is not just speculative noise. Investors should closely monitor whether XRP can sustain its position above the ascending trend channel from this point on. It may be possible for the asset to move toward $2.50 and possibly $2.75 if it consolidates close to current levels without making a significant comeback.  There may still be opportunity for upside before conditions get stretched, as the RSI has risen into somewhat elevated territory close to 68, but it is still below the traditional overbought threshold. To put it briefly, XRP is about to enter a stage where it might get harder to stop. In contrast to past rally attempts, this surge is taking place on the strength of improving volume, clear trend support and a steadily strengthening backdrop of bullish sentiment. …

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Filed under: News - @ July 11, 2025 12:26 pm