XRP climbed past $0.31 on Tuesday, posting gains exceeding 6% in 24 hours that outpaced the top 10 by 5.4%. After two weeks of trading between $0.29 and $0.30, the token cleared the $0.30 resistance level. Traders are watching for a move toward $0.35 to $0.50 as momentum builds.
XRP/USD spikes 5% to trade above $0.31 in the past 24 hours
XRP climbed past $0.31 on Tuesday, posting gains exceeding 6% in 24 hours that outpaced the top 10 by 5.4%. After two weeks of trading between $0.29 and $0.30, the token cleared the $0.30 resistance l
Key Points
- XRP climbed past $0.31 on Tuesday, posting gains exceeding 6% in 24 hours that outpaced the top 10 by 5.4%.
- After two weeks of trading between $0.29 and $0.30, the token cleared the $0.30 resistance l
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The rally came alongside broader market strength, with total crypto market value climbing to $380 billion for the first time since June 2019. XRP's move above resistance suggests bulls have established new support, positioning them to drive toward that higher price target.
Ethereum and Litecoin rode the same wave. Ethereum pulled back from $440 intraday highs to trade near $428 after clearing initial resistance around $430. Soaring transaction fees on the network reflect a surge in decentralized finance activity, where over $6 billion is now locked across protocols, up from $4.3 billion a month earlier. Investors see the DeFi growth as bullish for Ethereum's prospects.
Litecoin posted new support above $65 and printed higher lows during the session. Charlie Lee, the network's creator, noted that SegWit transactions have reached over 80% of network activity. The milestone arrives as the protocol prepares new privacy-focused features. Bitcoin Cash also posted gains.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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