XRP Surges Past $1.52 Amid Bullish Technical Call and Institutional Developments

XRP's price surged past $1.52 on Tuesday, up about 5.5% from the previous day, outperforming a strong broader market.

The rally was driven by a bullish technical call from veteran trader Peter Brandt, who projected a long-term target of $5.40 for XRP.

This prediction came on September 21, when Brandt shared a chart showing an advance to the mentioned price level.

In addition, news that Absa Bank is launching a digital asset custody service using Ripple's technology contributed to the price increase.