XRP Bulls Face Crucial Test at $1.70 Level
Ripple's XRP has seen a significant surge in recent days, driven by the Treasury Department announcement. The token rose to a multi-month peak of $1.70 on Saturday morning, representing a 70% increase in less than 72 hours.
The bulls' momentum stalled at this level, causing a painful rejection. Analyst EGRAG CRYPTO noted that XRP has now entered its most critical area following months of bearish price action.
This region between $1.65 and $1.70 has historically capped the token's movements. A successful surge past this level would not only establish a new local peak but also remove the resistance that has halted the asset's strongest rally since late 2024.
Dark Defender views XRP's broader Elliott Wave structure as bullish, with potential targets between $1.80 and $2.00 if it breaks above $1.70.