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XRP just hit $1.43 this morning, with a small 0.77% increase over 24 hours. Honestly, after a 30% drop since January, we're starting to wonder if anything is really changing for Ripple or if it's just noise.
What’s interesting is that while everyone is watching the price, serious technical work is happening in the background on the XRPL. Denis Angell, the lead developer, talked last month about a major overhaul in progress: six development axes that touch on the core infrastructure, security, and documentation. It’s not a sexy topic, but these are the kinds of things that matter for the long-term robustness of a network.
On the technical side, XRP needs to break above $1.40 to really breathe. Analysts talk about a ripple target price around $2.04 by September, but honestly, with the fear sentiment dominating the market right now, that’s far from guaranteed. Critical support levels are between $1.27 and $1.29, and if that breaks, we could see a drop toward $1.10.
The thing that frustrates me is that even with these ongoing technical developments, buying volume isn’t really there to support a rebound. It’s like the market is waiting for confirmation that these improvements will really pay off. In the meantime, we remain in this uncomfortable zone between hope and doubt.