Ripple Gains; XRP Could Reach $0.74 Next Week
XRP has been positive this week as its price stabilized over $0.60. This is a 15% 24-hour growth and a 40% weekly increase. Reports link this strong price behavior to rumors of an SEC vs. Ripple settlement tomorrow.
Santiment, an on-chain analytics tool, says the growing number of whale XRP investors, who control over 100,000 coins, supports this confidence. The platform tweeted that “a noticeable turning point in supply accumulation began last August.”
XRP's price surge is partly due to market enthusiasm over the Ethereum ETF and crypto sentiment. XRP's market valuation rose to $34.587 billion, placing it sixth in the crypto rankings.
XRP to Face $0.66 Barrier; Repeat History?
Following this optimism, XRP rose from a two-week low of $0.40 and is nearing the negative trendline around $0.66. XRP prices have fallen below this trendline following repeated efforts to break above it.
If history repeats, the XRP coin may fall below $0.51 for support before breaking out again. If this support fails, XRP may fall below $0.38 by July's end.
If XRP breaks this resistance, it might jump to $0.74 by next week. According to our Cryptonewz XRP forecast, XRP prices might rise to $0.94 or $1.21 if this obstacle is broken.
XRP RSI Suggests Uptrend
Technically, the RSI is rising toward overbought. The RSI at 59.39 allows a short-term rally before overbought levels.
This move might boost XRP over $0.66, according to analysts. XRP might achieve new heights in the next weeks if the RSI stays overbought, as previous history shows.
