As expected, there are still some resistances on the chart that the XRP price will have to clear. In this case, the crypto analyst highlights a level like the $2.7 resistance, which is the level to beat. As they explain, if the XRP price is able to successfully break above the resistance and then enter the buy zone, then a breakout could be expected.
The crypto analyst points to the SEC’s 60-day deadline coming to an end on June 16, and if the courts rule in favour of Ripple, then this could spark a fresh rally. Moreover, there has also been a rise in global liquidity, and as the stock market and Bitcoin are expected to rise, the XRP price will rise in tandem as one of the largest cryptocurrencies in the market.
