[XRP price rebounds, the next target has been locked]
Over the past seven days, XRP prices have stabilized above $1 and breached key resistance levels, but the gains have been less than expected, sparking concerns among some investors whether its rally is over. Currently, XRP price is testing the $1.50 target, rising by 0.35% from $1.0691 to $1.12 in 24 hours.
XRP market trading volume increased by 23.93% to $6.95 billion, indicating a return to investor confidence and becoming the main driver of the price increase. Investors expect continued growth in trading volume to further support price breakthroughs.
In terms of technical analysis, trader Peter Brandt pointed out that XRP's "massive consolidation" pattern usually indicates that a major breakthrough is coming and may show an upward trend. He believes that XRP has broken through the 2023 high and is expected to challenge the 2021 peak.
According to reports, XRP’s open interest surged by $1.7 billion in 24 hours, showing a significant increase in interest among traders, even if the price is currently moving sideways. Market experts believe that if the current momentum continues, XRP could rise further to $1.50 and even challenge the $2 mark.
