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XRP Has Confirmed Breakthrough: The Rise in Price to 4.35 USD Has Started
XRP, the native cryptocurrency of the XRP Ledger (XRPL) open-source, has surpassed a significant resistance level on Wednesday, sparking optimistic sentiment. Cryptocurrency analysts following this digital asset believe that the latest move will push the price of this cryptocurrency to significantly higher levels. A supporter of XRP with a large following on X believes that this move marks the beginning of "XRP season." According to XRP users, this cryptocurrency will continue to rise in price and reach a target of $4.35 by the end of July. XRP has now surpassed the resistance level of $2.35, a price that has held back the price for the past six weeks. This cryptocurrency has attempted to break through this level multiple times but has faced selling pressure each time. However, the momentum from the bounce on June 22 has pushed XRP past several resistance levels, including established Fibonacci resistance levels. Reaching the new target of $4.35 means that XRP will nearly double its current price and reach a new all-time high in the coming weeks. To achieve this, this cryptocurrency will also have to overcome more significant barriers, including historical resistance levels and other psychological price thresholds. Notably, the current price increase of XRP aligns with the overall bullish trend of the cryptocurrency market, especially for large-cap coins. Bitcoin, the largest cryptocurrency by market capitalization, surged 3.24% on Wednesday, reaching an all-time high of $112,040. Other top cryptocurrencies, including Ethereum, ADA, and SOL, also experienced notable price increases. For example, ETH rose nearly 8% to surpass the psychological resistance level of $2,800, while ADA broke through the resistance level of $0.6 with a 7% increase before closing the trading session on Wednesday. XRP maintained its upward momentum on Thursday morning, continuing its rise after the breakout on Wednesday. The cryptocurrency was trading at $2.4466 at the time of writing, reflecting a 2.36% increase early Thursday morning. Many analysts expect XRP to continue the optimistic sentiment of the cryptocurrency market and deliver impressive growth in the coming weeks.