XRP Climbs Toward $2.46—Breakout Key for Next Surge
Body:
XRP is currently challenging the $2.46 level following a 2.6% move from $2.38 to $2.44 within a 23-hour window from July 9 to July 10 . At 07:00 on July 10, a breakout above $2.43 was prompted by a surge in volume to 78.3 million, but selling pressure emerged quickly, preventing a sustained climb past $2.46 .
Market Action & Technical Signals:
- Intraday trading saw a profit-driven pullback, with XRP slipping to $2.437 after significant sell volume .
- A golden-cross setup between the 9- and 21-day MAs suggests positive momentum may continue .
- The Relative Strength Index remains high without bearish signals—strong but not overextended .
Key Levels to Watch:
- Upside: A breakout above $2.46 with volume could propel XRP toward $2.60–$2.75, and eventually $3 .
- Downside: Falling below $2.437 may test the $2.38–$2.35 support band .
- Chart formations: A forming double-bottom around $2.00–$2.10 supports the bullish continuation case.
Catalysts to Watch:
- Regulatory developments: Advances in U.S. crypto frameworks and XRP ETF speculation may sharply shift sentiment .
- Ripple ecosystem: Developments like RLUSD and strategic bank partnerships are strengthening XRP’s fundamentals .
Summary:
XRP remains in a tight formation between support around $2.437 and resistance at $2.46. Traders will be monitoring for a clean breakout—confirmation above this level could mark the start of a new rally leg; otherwise, consolidation or a mild pullback may continue.