XRP Price Surges as Support Zone Holds Strong

XRP's price has been steadily increasing over the past week, up 4.6% from $1.38 to its current value of $1.44. This surge is largely due to XRP holding onto an important support zone between $1.30 and $1.40, with $1.30 being a critical level to watch.

Analysts note that when Bitcoin's dominance pulls back, some altcoins tend to hold their ground better than others. In this case, XRP is likely to trade sideways in the short term rather than following Bitcoin lower.

On the daily chart, XRP has strong support building around $1.34, while resistance sits in the $1.47 to $1.52 range. Some experts see a bull flag pattern forming on the hourly chart, with an hourly close above $1.40 potentially triggering a move towards $1.46 and possibly even $1.80 if support at $1.38-$1.39 holds.

Additionally, some traders point to a cup-and-handle pattern forming on the weekly chart as a bullish signal. One expert laid out a step-by-step path from $1.39 to $1.42 to $1.35, followed by a move from $1.35 up through $1.48 to $2.20.

However, it's essential to note that not all claims circulating online carry equal weight. Some posts argue that XRP prices in the $1 to $10 range are just a 'stalling tactic' before a move into the thousands of dollars, but this claim lacks supporting data or timeline.