Crypto
Ripple's XRP Price Surges 8%, Approaches Critical Breakout Level
Ripple's XRP price has been on a tear, surging by 8% in a single day and pushing towards a critical breakout level.
The rebound from its recent lows has brought the price back to the upper boundary of its declining structure, where a confirmed breakout could shift momentum further in favor of buyers.
On the daily chart, XRP is trading above $1.48, comfortably above its major moving averages. The asset found support near the 200-day moving average around $1.27-$1.28 and has been recovering ever since.
The major overhead supply zone remains at $1.61-$1.70, marking a principal resistance that buyers would need to reclaim before a broader bullish continuation becomes more convincing.