XRP Surges 40% to $1.40 Amid Broader Crypto Rally

XRP's price has surged to $1.40, marking a 40% increase over the past week and its highest point since May 18.

This upward momentum is driven by a broader crypto market rally led by Bitcoin surpassing $77,000, according to Pluang.

The rise in XRP's price is supported by increased trading volume nearing $10 billion and new money entering via derivatives, indicating genuine demand beyond short-covering.

However, the market is cautious due to crowded long positions and thinner weekend liquidity, which could cause volatility.