XRP's Rally Faces Crucial Test at $1.77, $0.79 Next Support Level

XRP has seen a rapid price increase, climbing over 4% in the past 24 hours. However, on-chain data suggests that if the rally is short-lived, selling pressure could increase rapidly, potentially leading to a deeper correction towards $0.79. The $1.77 level marks a key support zone, but with thin liquidity below it, a move below this level could lead to a rapid decline.