XRP suddenly rose above 60 cents while the rest of the market began to pull back.
Key support levels: $0.60.
Key resistance levels: $0.68.
1. Price breakout
Over the weekend, XRP managed to rise above 60 cents and climb to 66 cents. This is a major breakout and the price also made a higher high. Considering that market leaders such as BTC or ETH have been falling over the past few days, this move is surprising.
2. Pulse return
With buyers again on the offensive, momentum and volatility are picking up again. The bias is bullish based on this price action. However, the pullback should not be discounted after XRP rose 13% since Saturday. The current target for this rally is 68 cents.
3. Increase in purchase volume
Surprisingly, shopping volumes increased sharply over the weekend. This is not typical, but over the past few days XRP has taken it to the top. If it manages to maintain this momentum, then the key resistance at 68 cents will be tested in the near future. Once the price reaches this point, sellers will be able to return.
