Recently, the Crypto Assets market has witnessed a remarkable breakthrough. XRP's performance has been particularly eye-catching, reaching a nearly seven-year high on July 17, with the price surpassing the $3 mark. This rise is impressive, achieving a 41% increase in just 15 days, propelling its market capitalization beyond $170 billion.

From a technical perspective, XRP has currently stabilized at the important support level of $2.80, laying the foundation for further rises. However, investors also need to remain cautious, as the relative strength index is nearing the overbought territory, which may indicate a correction in the short term. If a correction occurs, the initial support level may be around $2.98.

The strong rise of XRP has sparked widespread discussion in the market. Some analysts believe this may be related to the overall improvement in Crypto Assets market sentiment, or it could be due to some positive developments specific to XRP. In any case, this price breakthrough has undoubtedly brought more attention to XRP and injected new vitality into the entire Crypto Assets market.

However, we also want to remind investors that the Crypto Assets market has always been highly volatile, and rapid price increases may also be accompanied by equally rapid declines. Therefore, when making any investment decisions, thorough research should be conducted, and risks should be weighed.