XRP has been showing steady growth, with a surge of 15.59% attracting the attention of investors and cryptocurrency traders.
Current Status of XRP
XRP has seen the largest gain among cryptocurrencies today, increasing by 15.59%. After breaking through the local resistance level of $1.6462, the price continued its upward movement. If the daily bar closes far from this mark, the continuation of the upward trend towards the $1.80 zone is likely.
Long-term Prospects for XRP
On larger time frames, the rate of XRP broke the nearest level of $1.63. If the bar closes without a long wick, it may signal a test of the $1.80-$1.90 area by the end of the week. A similar situation is observed on the weekly chart: if the candle closes near $1.80, there might be a test of the vital $2 zone. This scenario is relevant until the end of the year.
Conclusion and Further Expectations
XRP has convincingly strengthened in the green zone, currently trading at $1.73. If the current momentum is maintained, the cryptocurrency may continue its further growth over the coming weeks.
XRP shows significant growth, continuing to attract attention in the cryptocurrency community. The next steps will depend on the cryptocurrency's ability to remain in the $1.80-$1.90 zone.
