XRP is currently trading around $2.38 with bullish momentum supported by technical signals and recent Ripple developments.
Technical analyst Ali Martinez highlighted an inverse head-and-shoulders pattern since mid-June, indicating a target of $2.60 after a breakout.
Resistance levels at $2.40, $2.45, and $2.52 could slow down progress, but staying above $2.30 may confirm a shift in momentum.
Ripple's CEO Brad Garlinghouse's Senate testimony emphasizing the need for clear U.S. crypto regulation and positive developments in Ripple's SEC case have boosted market confidence.