According to CryptoPotato, XRP bulls are challenging the resistance at 68 cents as the cryptocurrency makes a new yearly high. Key support levels are at $0.54, while key resistance levels are at $0.68 and $0.92. On Monday, XRP's price shot up to 74 cents on renewed buying interest. Since then, the price has entered a pullback and is currently trying to turn the 68 cents level into a key support. If successful, the price might aim for 92 cents next.
Buy volume spiked yesterday to levels not seen since the summer of 2023, pushing XRP to make a new yearly high and indicating that buyers may only be starting to return. XRP's price action has taken the weekly RSI to over 70 points, which is a sign of strength. Should this bullish momentum continue, then this cryptocurrency can see higher price levels, with a key target found at 92 cents.
