XRP Soars 9.4% Amid Breakout from Downward Trend

XRP's price surged by 9.4% over the past 24 hours, breaking through a downward trend line it had been stuck under for days.

The token's value increased from approximately $1.33 to $1.46, one of its strongest single-day gains recently.

This move is significant as XRP had dropped to a critical support level around $1.36 the day before, a level that needed to hold or risk a deeper fall toward $1.27.

If XRP can close today's session above the resistance line it just broke, the next real target becomes $1.54.

However, XRP still hasn't cleared a bigger obstacle above that, a long-term resistance zone between $1.50 and $1.80 that has capped rallies for months.