XRP Surges to $1.40 as Cryptocurrency Market Sees Significant Gains

XRP has made one of its strongest daily moves in months, rising by about 10% to hit $1.40.

This significant improvement in XRP's short-term structure was accompanied by a surge in volume, reaching roughly 277 million in daily trading.

The move has pushed XRP above multiple moving averages and has momentarily surpassed the long-term average at $1.34.

However, the daily RSI has surged to about 83, indicating that momentum is a concern.

A pullback to $1.34 would be beneficial for further upside, as this level could potentially develop an entirely new short-term structure if maintained.