XRP has been gaining ground, breaking above the $2.30 level and stirring optimism among traders.
With the token now trading around $2.38, technical signals and recent developments around Ripple are converging to support a bullish outlook.
Technical analyst Ali Martinez flagged a key pattern forming since mid-June — an inverse head-and-shoulders — which has now completed with a breakout.
#The move suggests a potential push toward $2.60, though resistance at $2.40, $2.45, and $2.52 may slow progress. Still, maintaining support above $2.30 could confirm a shift in momentum.
Beyond the charts, Ripple’s presence on Capitol Hill is adding fuel to the rally. CEO Brad Garlinghouse’s July 9 Senate testimony emphasized the need for clear U.S. crypto regulation and highlighted Ripple’s regulatory compliance and XRP’s global payments use case.
This appearance, alongside renewed ETF speculation and progress in Ripple’s SEC case, has energized market confidence.
As XRP builds on both technical and fundamental tailwinds, investors are watching closely to see if the token can sustain this climb and reclaim higher ground.
Alexander Stefanov
Reporter at Coindoo
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Source: https://coindoo.com/market/xrp-eyes-2-60-as-market-sentiment-and-senate-hearing-fuel-momentum/