Expert sets XRP’s next bullish stop after clearing $2.30 resistance
XRP is currently in breakout mode, having successfully established support above the $2.30 level. Amid this renewed momentum, a cryptocurrency trading analyst believes the bullish momentum is likely to continue. At the time of writing, XRP was trading at $2.38, representing a 4.1% increase over the last 24 hours. On the weekly timeframe, the token has gained more than 7%. XRP seven-day price chart. Source: Finbold According to an Analysis by Ali Martinez, XRP may find further upside above the $2.50 level, as the asset has broken out of an inverse head-and-shoulders pattern on the four-hour chart, he said in an X post on July 9. XRP price analysis chart. Source: TradingView The pattern, which had been forming since mid-June, culminated in a breakout above the $2.30 neckline. This move sets the stage for a potential rally toward $2.60, based on Fibonacci extension levels. However, the path towards this level is no...