XRP is on the verge of a breakout, trading at $2.39 as it races towards its key $2.63 resistance point. New activity in the marketplace suggests a new wave may be on the way. Analysts point to growing compression of price and high volume as obvious indicators of an upcoming move. The digital asset is on fire with bullish sentiment, igniting expectations of a massive bullish move.

The bullish cryptocurrency broke out from the $2.24 support level, making an impressive comeback move, signaling strength and a strong base for further development. In the last seven days, XRP has gained 9.06%, indicating a positive sentiment among investors. Currently, it boasts a market cap of $140.26 billion with a 24 hour trading volume at $4.25 billion.

XRP has continued its upwards price trend with 24 hours showing a high price of $0.43. It now faces an important test at the $2.50 level, which has now become an important resistance level. Clearing this hurdle would open the door for XRP to aim for $2.82 in the short term. The prices market analysts have identified as meaningful entry points is $2.42. They posit that once prices break above this threshold, we might experience even greater upward momentum.

Recent policy moves have added to the overpowering optimism that’s gripped XRP. According to industry observers, XRP price is likely to surge further in the days ahead towards achieving new highs in forthcoming trading sessions. Ric Edelman, a well-known financial leader, is a strong advocate for making smart investments in crypto ETFs. Since all of these ETFs will likely involve XRP if approved, this move would have huge knock-on advantages for the digital asset.