XRP Tests Key Support, Breakout Could Spark Rally

XRP has been on an impressive run, surging nearly 71.8% from $0.988 to $1.698 before correcting by 20%. Currently, it's testing a major support zone, with about 3.2 billion XRP traded between $1.35 and $1.38.

According to Ali, a crypto analyst, this support range is crucial for the bulls. As long as this support holds, the next resistance barrier range to watch is between $1.60 and $1.86.

The key price points in this range are $1.60, where 1.99 billion XRP were traded; $1.68, where 1.98 billion XRP were previously traded; and $1.86, where 3.47 billion XRP were traded.

A breakout above $1.86 could pave the way for a rally toward $2.19, where another 3.12 billion XRP were previously traded.