Recently, XRP has performed outstandingly in the Crypto Assets market, successfully breaking through the 2.6 dollar resistance level that has been suppressing long positions since March. This breakthrough is supported by high volume, while Bitcoin is also exploring new price territories.

Market analysts generally believe that XRP's next target is likely the psychological barrier of $3. Although XRP briefly reached this level on Monday, July 14, it failed to immediately convert it into a solid support level. However, the recent trend of large holders increasing their positions suggests that they are optimistic about further price increases for XRP.

In addition, the news that the U.S. Securities and Exchange Commission approved the listing of ProShares Ultra XRP ETF has further boosted the market's bullish sentiment. This move could attract more institutional investors' attention to XRP.

From a technical perspective, the daily chart of XRP shows strong upward momentum. The moving averages are far below the current market price, a situation that last occurred during the rally in November last year. For the past two months, the moving averages have failed to catch up with XRP's price movements, which may indicate that even if a pullback occurs, it may be limited in extent, and a rebound could come swiftly.

The Chaikin Money Flow (CMF) remains above +0.05, indicating that buying pressure continues to increase. The Accumulation/Distribution (A/D) indicator also supports this view. Although the price range has fluctuated, the overall upward trend since March suggests that buying strength is continuously accumulating.

It is worth noting that there is a fair value gap in the $2.6 area, which coincides with the previous range high. This gap may become a key reference point for future price movements.

As XRP continues to break through key resistance levels, investors and traders should closely monitor market trends while also being aware of potential pullback risks. In the rapidly changing environment of the Crypto Assets market, maintaining vigilance and a flexible investment strategy is crucial.