XRP Price Rises Ahead of Ledger Upgrades, Eyes $1.52 Resistance

XRP's price has been testing resistance ahead of the upcoming Ledger upgrades on October 8-9. The token's price rose 1.65% to $1.52 over the past 24 hours, moving in tandem with Bitcoin as the broader cryptocurrency market advanced.

The 24-hour trading volume for XRP increased by 74.98%, accompanying the price rise. However, the volume alone does not establish whether buyers will sustain the advance.

Trader Peter Brandt shared a daily chart showing a possible cup-and-handle formation, a chart pattern that requires a breakout above its upper boundary for confirmation.

The XRP Ledger amendment activations scheduled for October 8-9 have the potential to impact the token's price. PermissionDelegationV1_1 and BatchV1_1 are expected to be activated on these dates, with the latter concerning grouped transactions.