XRP Shatters Monthly Downtrend, Targets $1.70 Resistance

XRP has broken its monthly downtrend and is targeting the $1.70 resistance level.

The cryptocurrency has bounced back from its local low of $1.28, with a recovery that exceeds 25%. This uptrend is supported by an increase in trading volume.

Analysts are keeping a close eye on the $1.65 to $1.70 price range, as breaking through this level could make $2 a viable target for XRP.

However, if XRP falls below $1.50, it may face a risk of further decline. The key support levels remain at $1.40 and $1.42 dollars.