XRP rallied to $0.2425, hitting the token's highest price this month as buying pressure built over five consecutive days. The price surge broke through resistance walls at $0.22 and $0.23, putting it
XRP rallied to $0.2425, hitting the token's highest price this month as buying pressure built over five consecutive days. The price surge broke through resistance walls at $0.22 and $0.23, putting it within reach of the three-month high near $0.2428. Bulls are now targeting $0.25 as the next level, with February's $0.34 beyond that.
The move coincided with Bitcoin's own acceleration above $11,000. Over the past five days, Bitcoin climbed from $9,600 to those $11k levels, adding 16 percent to its value. Analysts project Bitcoin could reach $14,000 within the quarter. XRP gained 9 percent over the past day and topped 20 percent for the week.
The timing also matched Visa's announcement that it would support cryptocurrency payments for Bitcoin, Ethereum, and XRP. The news helped push Ripple's market cap to $10.8 billion, reclaiming third place among the largest cryptocurrencies by that measure. XRP now sits above Tether, which has a market cap of $10 billion.
From a technical standpoint, XRP's charts show strength. The Relative Strength Index trades in overbought territory but continues rising. The MACD displays a strong bullish divergence. The token sits above the upper band of its Bollinger Band.
A consolidation period may follow, with prices likely confined between $0.217 and $0.242. This range marks the 23.6 percent and 50 percent Fibonacci retracement levels from the swing low near $0.20.
A sustained close above $0.2428 would open a path to $0.25 and put pre-March 2020 price levels back in play. Yet trading volume has declined from the peaks seen July 27 and July 28. If bulls cannot break past $0.24, multiple moving averages offer support: the 200-day at $0.2098, the 50-day at $0.2062, and the 20-day at $0.1945.
