XRP Eyes $2.60 Amid Price Breakout, Says Analyst

2025-07-14 19:09:28 分类：Blockchain Query 阅读(63)

Although XRP is already up by over 3% since the last day, the cryptocurrency is teasing a further price upsurge, setting $2.60 as the next breakout target as predicted by popular market analyst Ali via a recent X post.

Renowned for consistently sharing critical market insights, Ali has shared new analysis amid the booming market conditions, highlighting XRPs ongoing breakout and its potential surge to $2.60 soon.

Earlier on July 7th, the analyst shared a similar technical insight showcasing XRP on the move to form an inverse head-and-shoulders pattern. According to him, the patterns formed by XRP hint at a possible breakout to the $2.60 mark. Sharing the same prediction just two days later reflects the analysts strong confidence in XRP onboarding the path to $2.60.

XRP breaks above a key resistance level

The bullish price trajectory witnessed today has seen XRP break above the major resistance level of $2.30. While it projects a notable gain of 5.25% over the last week, XRP is seen moving above the neckline of the reversed head-and-shoulders pattern spotlighted in Alis previous XRP prediction.

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The latest charts showcased by Ali show that XRPs price has temporarily broken above the neckline (positioned at the $2.33 to $2.36 range). This implies that XRP is building momentum and gradually stepping into its bullish phase.

While this pattern is often succeeded by a reversal in persisting downtrends, causing the price of the concerned cryptocurrency to skyrocket, XRP has continued to form this pattern over the past weeks. Thus, its sudden reversal in price trends, which has seen its price surge as high as $2.40 today, suggests a further breakout above previous support levels.

Nonetheless, XRP is up by 3.12% over the last day, and data from CoinMarketCap shows that the token has remained steady at $2.38 for the last four hours up to press time.

Source: CoinMarketCap

XRP has fueled optimism among investors with its positive price outlook, as multiple on-chain metrics suggest that the price of XRP might be undergoing a major rally soon, potentially pushing its price to reach a multi-month high of $2.60 in the near future.

The move is expected to be mimicked by other major altcoins.

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