XRP Rallies on Strong Single-Day Gain, But Faces Crucial Resistance Test

XRP has seen a significant price surge over the past day, rising by 9.4% to $1.46 after breaking through a downward trend line it had been stuck under for days.

The token's move from around $1.33 to $1.46 was one of its strongest single-day gains recently.

XRP held an important support level at $1.36, preventing a deeper fall towards $1.27 and suggesting that buyers have stepped back into the market.

However, XRP still needs to clear a long-term resistance zone between $1.50 and $1.80 before it can make a sustained rally towards $1.80-$2.