In XRP, Inverted Head and Shoulders Formation with a Target of $2.80.

Rise of XRP

XRP has surpassed the significant resistance level of $2.50. As a result, an increase in trading volume was observed, exceeding the weekly averages by 31%.

Macroeconomic Developments

This rise was supported by improving macroeconomic sentiment and a softening of U.S. inflation data. This situation triggered a flow of risk-taking towards major altcoins.

Market Observations

Investors are closely watching whether the $2.50 level will hold as a new support. If the sustainable increase in trading volume continues, prices are expected to move towards the $2.70 to $2.80 levels.