XRP Sets Stage for Major Rally: Can the Token Break Through $6?

XRP Surges Beyond Key Resistance: Is a $6 Milestone Within Reach?

After months of consolidation, XRP is showing renewed bullish momentum. On Wednesday, July 9, the cryptocurrency climbed to a monthly peak of $2.40, demonstrating strength by holding above crucial support at $2.34 despite a minor price correction. As of now, XRP continues to trade steadily around $2.37, fueling speculation among investors about an imminent rally.

 

Expert Insights: Key Levels to Watch According to B2 Ventures

Arthur Azizov, founder and investor at B2 Ventures, believes XRP's price activity could signal the beginning of a significant breakout. “XRP is currently trading near a critical threshold. Holding above $2.34 would likely pave the way for a move to new highs, with the next major resistance at $2.65,” Azizov commented.

While traders are actively accumulating XRP, price action has remained stable, reflecting the cryptocurrency’s unique tendency to move independently from macro market trends. Azizov remains optimistic: “The extended period of accumulation suggests a high probability of an upward breakout, with bullish targets in the $4 to $6 range.”

 

XRP Fundamentals Bolster Bullish Sentiment

Analysts note that a break above $3.84 would propel XRP to a fresh all-time high, surpassing levels last witnessed in January 2018. Several fundamentals are fueling this positive outlook. XRP has successfully expanded strategic partnerships with major institutional players, strengthening its ecosystem.

Meanwhile, interest in XRP-based investment products continues to accelerate. The number of U.S. ETF applications focused on XRP has grown, highlighting robust investor appetite. The Teucrium 2x Long Daily XRP ETF recently reported its highest weekly inflows since launch, with $158 million in new investments in July.

 

What’s Next for XRP?

With strong technical momentum, growing institutional interest, and solid network fundamentals, XRP appears well-positioned for further gains. Many in the cryptocurrency community are watching closely to see if the token can build on its current trajectory and set new records in the months ahead.