- XRP is testing the $2.33 resistance level, with $2.60 as the next target based on Fibonacci levels.
- A 60.1% surge in daily volume supports XRP’s breakout attempt above key resistance.
- XRP maintains higher lows and stable structure, signaling strength as it retests the breakout zone.
XRP is trading near a crucial resistance level at $2.33, which has historically marked a turning point in price action. A confirmed breakout above this level may push the price toward $2.60, supported by chart structure, Fibonacci levels, and improving market strength across multiple indicators.
Key Resistance Levels and Market Setup
XRP must break above the $2.33 level to confirm a higher high, according to analysis prepared by Ali Charts. This zone has served as resistance during past bullish phases and now represents the final barrier before the next upward target.
The $2.60 level is based on Fibonacci projections and past market reactions. XRP closed at $2.27 on July 6, showing a 2.31% increase over 24 hours. The price rose after consolidating between $2.22 and $2.24 earlier in the day.
Market cap reached $134.47 billion, while daily volume increased to $2.18 billion. This 60.1% volume surge indicated increased activity and strong participation during the move.
Technical Pattern and Price Momentum
According to an observation by a market watcher named Henry, XRP recently bounced three times from support, experienced a fakeout, and broke its downtrend. The price is now retesting the breakout zone, which aligns with the ongoing test of $2.33 resistance.
The chart shows XRP gained momentum after a midday surge, holding gains above $2.26 into the session close. The volume-to-market-cap ratio at 1.62% supports continued liquidity in the market. XRP ranks #4 by market cap and maintains a stable price structure with higher lows.
If XRP breaks and holds above $2.33 with continued volume support, the technical path toward $2.60 remains intact. This level may act as the next resistance zone, depending on how price reacts during the breakout attempt.
