The $XRP chart appears optimistic following a 3-day winning streak, with buyers stepping in once the token reached the $1.95 support level.
This third interaction with the price level underscores its significance and serves as a strong buy signal , establishing a clear support floor for the asset.
Meanwhile, the Relative Strength Index (RSI) has moved above the signal line, which is also typically interpreted as a buy signal. Trading volumes are spiking today following a huge day for XRP that ended with gains of 12%.
These positive developments are all pointing to what could be the beginning of a new bullish cycle that may end up propelling the price of this cryptocurrency to and above the $3 mark shortly.
XRP has already gained 10.7% in the past 10 days and has produced a positive 15.8% return since the start of the year.
