XRP Solidifies $2 Floor – Next Target $2.60 as Bulls Charge
XRP isn''t asking permission. The remittance token just carved out a rock-solid support level at $2, defying the usual crypto volatility with trader whispers of a 30% surge brewing.
Breaking the chains
Market depth charts show buy orders stacking like armored trucks at the $2 mark—no coincidence this lines up with June''s institutional accumulation phase. Meanwhile, derivatives traders are piling into leveraged longs like Wall Street discovering ''blockchain'' isn''t just a buzzword anymore.
The runway to $2.60
Technical setups echo May''s breakout pattern, but now with 20% less regulatory FUD weighing down the order books. If XRP clears the $2.20 resistance zone (where shorts got liquidated last quarter), the path opens for a retest of Q1''s highs—just in time for the ''summer altseason'' narratives to kick in.
Of course, this being crypto, the ''strong support'' could vanish faster than a hedge fund''s risk management principles. But for now, the charts say one thing: the bulls aren''t waiting around.