According to U.Today, cryptocurrency trader Steve Courtney has highlighted that XRP is nearing a 'triangle breakout.' Courtney pointed out bullish signals on key indicators such as the relative strength index (RSI) and the stochastic RSI (sRSI). He noted, 'Support holding, resistance testing. Is this the week we've been waiting for?' However, Courtney cautioned that the weekly candle needs to close above resistance for a bullish reversal to be confirmed.

XRP has recently broken above the $0.6 resistance level, surging 6.3% over the past 24 hours, according to data from CoinGecko. This performance makes XRP the best-performing cryptocurrency in the top 10, with Solana (SOL) following with a 5.2% increase. Earlier this Thursday, XRP peaked at $0.6328. The RSI also broke the trend line and recorded a new high, suggesting a potential surge if RSI values move into overbought territory.

XRP has often faced criticism for its stagnant price performance. However, it rebounded earlier this month amid ongoing settlement talks between Ripple and the SEC. Ripple CEO Brad Garlinghouse recently mentioned that the lengthy legal battle might soon conclude, although he did not provide details on potential settlement discussions. Many community members are optimistic that XRP could finally see a significant rally after years of underperformance. Notably, those who invested $10,000 in XRP back in September 2018 would still have the same amount if they held onto their tokens until today.