XRP Price Rally Tests $1.40 Weekly Resistance Amid Bullish Outlook
XRP's price surge has sparked discussions on its potential for further growth. The cryptocurrency rose by 18.08% in the past 24 hours, reaching a trading volume of $10.81 billion and pushing its market capitalization to $81.72 billion.
This increase in value has renewed talk about XRP's long-term potential, with some analysts suggesting it could reach $10. Crypto analyst Crypto Patel recently pointed out that based on historical price moves, higher targets for XRP may be realistic.
However, the current technical setup remains conservative, with XRP trading below the key weekly resistance level of $1.40. A breakout beyond this region would signal increased strength from buyers, but a failure to overcome this resistance could lead to selling pressure and push the token toward lower support zones.