**XRP Price Surge: Breaking Long-Term Downtrends**

XRP has had a stellar performance recently, closing the week up 9.19% and the month up 14.69%. This marks its strongest quarterly return since Q1 2023. The cryptocurrency has broken a 3.5-year downtrend, signaling a potential shift in market sentiment.

Key Highlights:

- XRP was declared "not a security" on July 13, 2023, spiking to $0.95 but closing the month at $0.69.

- The recent price action has flipped a long-term descending trendline, indicating a possible trend reversal.

- Technical analysts suggest XRP could rally significantly, though predictions like a $200 target should be viewed cautiously.

Market analysts are eyeing $0.66 as a crucial support level, with $0.75 as the next resistance. A break above $0.75 could pave the way to $1, given the lack of resistance between these levels. However, investors should proceed with caution and conduct their own research.