Is a $6 rally next?

If XRP manages to stay above $ 2.34, a gathering around $ 6 is possible, explains Arthur Azizov from B2 Ventures.

XRP has been negotiated in its current range since December. However, the token can be positioned for a major rally. On Wednesday, July 9, he reached a monthly summit of $ 2.40 and managed to maintain his momentum even after a brief correction, trading at $ 2.37.

Arthur Azizov, founder and investor of B2 Ventures, believes that if XRP has a key level of support, he could push for new heights, potentially even record a territory. The first major resistance, he noted, is at $ 2.65.

“XRP is currently negotiating nearly a key level. If the price manages to maintain above $ 2.34 and remains above this brand, it is likely to go to a new summit of around $ 2.65”, Arthur Azizov, B2 Ventures.

Currently, XRP traders accumulate tokens, but the price has remained relatively stable. Azizov attributes this to XRP’s trend to move independently of a wider market dynamic. Despite this, the overall perspectives of the token are optimistic.

“Since XRP has been in accumulation for long enough, the prospects remain positive. Most likely, the escape will be up, with targets in the range of $ 4 to 6”, Arthur Azizov, B2 Ventures.

The fundamental principles of the XRP crypto remain strong: Azizov

A decision above $ 3.84 would mark a new summit of all time for XRP, reached for the last time in January 2018. Several fundamental factors could now support such a decision.

On the one hand, XRP has expanded its partnerships with large institutions. In addition, an increasing number of ETF applications focused on XRP have been deposited in the United States, signaling the anticipation of investors of increased demand.
Its greatest ETF, the 2x long daily TEUCRIUM, has seen its biggest weekly admissions since the launch, by registering $ 158 million in July.