Based on FinBold, XRP is showing a potential path toward a record high of $7, according to technical analysis. Analyst Ali Martinez highlighted that XRP is forming a right-angled ascending broadening wedge, suggesting a breakout could follow if the $2 support level holds. Recent price action saw XRP briefly dip below $2 before recovering, aligning with broader market sentiment. The token is currently trading at $2.23, up nearly 8% in the past 24 hours. The 50-day and 200-day SMAs remain above the current price, indicating bearish pressure, while the RSI suggests subdued momentum. Additionally, the launch of spot ETFs for XRP, including Franklin Templeton’s XRPZ and Grayscale’s GXRP, has driven increased buying pressure.
XRP Price Analysis Suggests Potential Path to $7 Record High
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