XRP's 50% Weekly Surge Sets Stage for Potential $2.57 Breakout
The XRP price has surged by nearly 50% in just one week, reaching levels not seen since August. This sudden rebound has shifted the short-term technical structure in favor of buyers, but several resistance levels and overbought momentum readings remain a concern.
According to recent data, XRP traded around $1.50-$1.52 on August 24, with the token briefly touching $1.70 during its rally. This move has coincided with an increase in institutional demand, with spot XRP ETFs attracting approximately $39.78 million in net inflows over the past week.
The combination of strong spot momentum and renewed institutional interest strengthens the bullish case behind XRP's latest price move. However, technical analysts remain cautious, as the token faces significant resistance near $1.80.