XRP Price Surges Past $2.50 but Faces Resistance at $2.60

XRP surged past the $2.50 mark during Monday’s trading session, bouncing back from recent losses. The cryptocurrency is now facing a significant technical barrier near $2.60 that could shape its near-term trajectory. XRP, which plummeted to $1.40 earlier this month, has experienced over 78% growth since then but still struggles to break above a key bearish trend line at the $2.66 level. Analysts say overcoming this hurdle would open doors to further gains, potentially reaching the $2.70 and $2.80 levels. However, failure to clear resistance could trigger a decline toward support levels around $2.40 and $2.30.