XRP Hovers at $2.6, Bulls Eye $5.85 as Resistance Levels Loom

XRP price is currently trading in a critical area, with analysts closely watching the $2.6 mark to determine the altcoin's future trajectory. A break above this level, followed by a breach of the $2.77 mark, would signal a continuation of the upward movement. The resistance levels are currently at $2.60, $2.85, and $5.85 in the long term, while the support level stands at $2.33.

Dark Defender, an analyst, has noted that XRP price is at the $2.60 level, a key level that will determine the direction in the short term. A breakout above $2.77 would help signal a continuation of an up move, potentially leading to higher prices. The analyst also notes that Ripple price is establishing higher lows, indicating an increasing buying pressure in the market.

Technical indicators, including the Relative Strength Index (RSI), reflect bullish momentum. The RSI trendline has been creating higher lows, indicating an increasing demand for the asset. If XRP price manages to stay above the $2.60 resistance, the next target stands at $2.85, followed by a long-term projection of $5.85. However, if it fails to break through, support remains at $2.33.

Egrag Crypto, another analyst, predicted that XRP price may reach $67 if higher levels will be broken. He stated that if the price closes above 3$ on the monthly chart, then pump signals of an upward trend would have been established fully. However, he also informed his followers that he expected XRP to pull back in the short-term, potentially testing $0.90 before shooting up once again.

Thom Sieloff, another analyst, identified a cup and handle formation in the daily timeframe. This pattern is widely considered a bullish continuation signal, often resulting in an upward price move. XRP price has been consolidating between $2.40 and $2.70, forming the handle portion of the pattern. According to technical projections, the breakout point for this structure is expected around $2.68 to $2.70. Historically, this pattern leads to a 20-30% surge upon breakout. If XRP price follows this pattern, the potential price target could reach $