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XRP Eyes $2.60 as Market Sentiment and Senate Hearing Fuel Momentum

  • 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.

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