XRP recently saw trading volume reach $1.47 billion (equivalent to 2.6 billion tokens), however, growth still lags behind competitors and XRP has fallen to the 8th position by market capitalization. XRP's price briefly surpassed $0.57 on Thursday but then dipped slightly, currently trading around $0.5584, up about 1% in the past 24 hours.
Technical analysis and important levels
XRP has broken through the 50 and 200-day SMA lines, showing positive signs despite facing strong resistance at $0.57. If it surpasses this level, the price could aim for $0.665 and further up to $0.748. Conversely, if it fails to maintain its upward momentum, XRP may return to strong support around $0.487.
Conclusion
XRP is at a crossroads with two possibilities: breaking out to continue rising or correcting to a lower support level.
