XRP is experiencing a solid increase amidst the overall stability of the altcoin market, having risen over 26% in the past week and currently hovering around $2.91, attracting trader interest.
XRP Growth
XRP has demonstrated an impressive growth of 26% over the past week, now trading near the $2.91 mark. This signals a potential recovery for the asset amid a focus on Bitcoin and Ethereum.
Technical Zones
Analysis by Cryptoinsightuk revealed two well-defined supply and demand zones. The upper resistance level lies just above $2.95, which XRP has tried to approach in recent days. Strong bounces from the accumulation zone at $2.60 further confirm the asset's growth trajectory.
XRP Outlook
Recent predictions suggest that if XRP can surpass the $3 level, it may confirm a shift in market structure with targets of $10-20. Additional indicators like the RSI show signs of recovery, adding confidence to the asset's potential growth.
The rise of XRP and its push towards the $3 level may signal the beginning of a new wave of interest in the asset, potentially leading to significant growth in the near future.
