XRP Breaks Above $2.40 For First Time Since May: How High Can It Go?

XRP’s (CRYPTO: XRP) has broken above $2.39 for the first time since May 23, buoyed by growing whale accumulation and bullish momentum around Ripple’s ecosystem.

Market watchers now see signs of an imminent breakout.

Cryptocurrency Ticker Price Market Cap 7-Day Trend
XRP (CRYPTO: XRP) $2.44  $144.4 billion +7.8%
Bitcoin (CRYPTO: BTC) $111,368.12  $2.2 trillion +1.6% 
Ethereum (CRYPTO: ETH) $2,771.92  $335.1 billion +7.4% 

Trader Notes: Crypto trader Cryptoinsightuk noted that XRP has cleared a key resistance level and is now holding it as hourly support.

While yesterday’s close hinted at bullish continuation, he says a strong close today would confirm a full-blown rally. Similar breakouts in the past have led to explosive moves, signaling what he calls potential “fireworks ahead.”

Oscar Ramos, …

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