XRP leads the market recovery, jumping 12% overnight:
In last night's trading, XRP rose strongly by 12%, ranking third among the top 100 cryptocurrencies. Many analysts pointed out positive signs, suggesting that XRP may move towards $2 or even higher, and its open interest surged by about 67% to $932.3 million. The recent upward trend is supported by technical formations such as a symmetrical triangle breakout and a rare monthly RSI indication.
In-depth analysis of XRP
The current XRPUSDT trend is slightly optimistic, and the price continues to rise along the trend line. As long as the key support level of $0.5410 is not lost, XRP is expected to break through $0.6310 and further target $0.7580.
Key Stats at a Glance:
Relative Strength Index (14) and Stochastic %K (14, 3, 3) show neutral to strong buy signals
Moving averages also point to neutral to strong buy signals
Average Directional Index (14) reveals strong trending moves
Performance Highlights:
In the past 5 days, XRPUSDT has gained 6.48%; in the past 20 days, it has gained 10.81%. Year-to-date, its performance has recorded a growth of 1.28%.
Long-term Outlook:
XRP is expected to continue its long-term accumulation along the ascending trendline, indicating a continued bullish trend. Some analysts are looking ahead to 2025 and believe that XRP is expected to hit a new all-time high.
