XRP Support Holds at Key Level, Eyes Next Leg Up Above $1.55

XRP is currently holding above a critical support level following a recent liquidation-driven pullback. This suggests that despite the short-term volatility, underlying fundamentals are pointing to renewed upside momentum.

The cryptocurrency briefly dropped below its previous quarter's value area high near $1.43 during a liquidation spike, which initially signaled a possible local top forming. However, it managed to recover and is now holding above this key structural level.

The technical analysis suggests that if XRP can break above the $1.55 resistance level, it could trigger the next leg up for the asset.