The cryptocurrency XRP XRP $2.40 XRP 0.79% Market capitalization $140.51 billion VOL. 24 hours $0.49 billion has shown a noticeable recovery, approaching $ 0.55 on the back of a technical breakthrough. According to analysts, it could be the impetus for further growth. The focus is on the potential target of $ 0.60, which is seen as the next key resistance level.
The market is seeing renewed interest in XRP, despite the overall volatility in the crypto segment. The main signals of technical analysis indicate an increase in momentum — in particular, the cryptocurrency broke through the short-term downtrend line and consolidated above the support level of $ 0.52. This development is usually interpreted as a potential for growth.
Analysts also point to the importance of the $ 0.565 level — in the event of a confident breakout, a scenario of rapid growth to $ 0.60 and then to $ 0.65 could be activated. Trading volumes also show positive dynamics, which indicates that buyers are returning to the market.
However, a short-term correction is not ruled out. In the event of a decline, support levels are located at $ 0.532 and $ 0.520. If these levels are not held, XRP could return to $ 0.50, which would partially cancel out the momentum.
According to analyst Ayush Jindal, the current dynamics of XRP shows that the cryptocurrency is regaining interest from traders amid changes in the overall market. However, for stable growth, it is necessary to break through a number of technical barriers and maintain buying pressure amid general market instability.