Ripple 
$2’s XRP is gaining attention as activity in the cryptocurrency market increases. Recent price hikes and positive technical signals have drawn the focus of traders towards potential long-term goals. Currently trading at around $2.18, XRP has witnessed an approximately 5% rise compared to the previous week, recovering strongly from recent lows. Is the anticipated significant jump for XRP finally on the horizon?
Is Altcoin Season Restarting?
Bitcoin (BTC) 
$108,936 approaches the $95,000 mark, while another player quietly enters the stage: the altcoin king Ethereum (ETH) 
$2,561. Ethereum’s recent robust performance has outpaced not only Bitcoin but also many altcoins. This movement is being characterized by market watchers as the “second phase of Altcoin Season.”
Ethereum’s ability to break through resistance levels could herald a broader market upswing. Among the altcoins riding this Ethereum wave, XRP holds a critical position. Should ETH maintain this momentum, XRP may benefit significantly.
What Could Be the Target Level for XRP?
The most crucial resistance range for XRP currently lies between $2.57 and $2.58. This range represents previous peaks seen in March, and breaking through this area could unlock new price discovery for XRP. In technical analysis, such levels are considered both psychological and structural barriers.
Some analysts propose ambitious target prices for XRP. Predictions often mention a range of $33 to $50, with bolder forecasts suggesting levels of $77 or even $100. These projections are primarily based on technical patterns, particularly the cup and handle formation, which indicates a strong long-term rise for the altcoin.
XRP’s rise is not solely based on technical signals. Market sentiment also supports this movement. As the total value of the cryptocurrency market approaches $3 trillion, the “Fear and Greed Index” indicates that investors are becoming increasingly bold. The index is shifting towards “greedy” levels.
XRP’s performance against Bitcoin is also noteworthy. Dominance charts are exhibiting a squeezed pattern, which typically signals sudden and sharp price movements. Additionally, an expected decline in Bitcoin’s market dominance could yield very positive results for XRP and other altcoins.
Overall, the current market orientation supports XRP. Technical indicators are promising, and market sentiment is positive. If Ethereum’s rise continues and Bitcoin’s dominance declines, the bullish scenario for this altcoin could further strengthen.
