XRP Price Surges Above $2.30 as Bitcoin Inches Closer to $103,000

The cryptocurrency market is surging and Bitcoin is inching closer to $103,000 level at the time of writing. Ethereum has gained more than 19% and altcoins have followed suit.

The cryptocurrency market continues to surge, pushing Bitcoin towards the $103,000 mark. Ethereum has soared more than 19%, leading to broad gains among altcoins. Among them, XRP is trading above the $2.30 level as the SEC filed the pending settlement agreement letter.

On a larger 3-day time frame, XRP is still technically showing signs of a bearish trend, according to analyst Josh of Crypto World.

The lower highs and lower lows are typical of a downtrend, and we've been seeing this pattern for months.

Although there have been small short-term price increases, the bigger trend hasn't flipped bullish yet. However, that could soon change.

XRP is closely linked to the overall crypto market, especially top coins like Bitcoin, Ethereum, and Solana. If those continue to rise, XRP might finally break out of this downtrend.

To confirm a real trend reversal, XRP would need to break above a key resistance level around $2.45.

If we see a strong daily candle close above that level, followed by a higher low on the chart, it could signal the start of a new uptrend.

This breakout could take XRP back toward its all-time highs. But until then, expect resistance around $2.33 to $2.45.

Like most altcoins, XRP tends to move in the same direction as Bitcoin. So if Bitcoin continues to pump, we can expect XRP to follow with short-term gains too — just like it's doing now.