The post XRP Eyes $2.60 as Market Sentiment and Senate Hearing Fuel Momentum appeared on BitcoinEthereumNews.com.

Altcoin Analysis XRP has been gaining ground, breaking above the $2.30 level and stirring optimism among traders. With the token now trading around $2.38, technical signals and recent developments around Ripple are converging to support a bullish outlook. Technical analyst Ali Martinez flagged a key pattern forming since mid-June — an inverse head-and-shoulders — which has now completed with a breakout. #The move suggests a potential push toward $2.60, though resistance at $2.40, $2.45, and $2.52 may slow progress. Still, maintaining support above $2.30 could confirm a shift in momentum. Beyond the charts, Ripple’s presence on Capitol Hill is adding fuel to the rally. CEO Brad Garlinghouse’s July 9 Senate testimony emphasized the need for clear U.S. crypto regulation and highlighted Ripple’s regulatory compliance and XRP’s global payments use case. This appearance, alongside renewed ETF speculation and progress in Ripple’s SEC case, has energized market confidence. As XRP builds on both technical and fundamental tailwinds, investors are watching closely to see if the token can sustain this climb and reclaim higher ground. Author Alexander Stefanov Reporter at Coindoo Алекс е опитен финансов журналист и крипто ентусиаст. С повече от 8 години опит в отразяването на крипто, блокчейн и финтех индустриите, той е добре запознат с комплексния и постоянно развиващ се свят на дигиталните активи. Неговите проницателни и провокиращи мисълта статии предоставят на читателите ясна картина на най-новите развития и тенденции на пазара. Неговият подход му позволява да разбива сложни идеи на достъпно и проницателно съдържание. Следете неговите публикации, за да сте в крак с най-важните тенденции и теми.
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Source: https://coindoo.com/market/xrp-eyes-2-60-as-market-sentiment-and-senate-hearing-fuel-momentum/

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Filed under: News - @ July 10, 2025 5:30 am