XRP News Today: XRP Surges 15.6% to $3.62 as Bullish Momentum Continues

XRP, the cryptocurrency, experienced a significant surge in value, increasing by 15.6% within a 24-hour period to reach $3.62. This upward trend was accompanied by a 13.8% gain against Bitcoin, with XRP trading at 0.00003008 BTC. The rally was driven by heightened market interest, pushing XRP close to its immediate resistance level of $3.65. The asset's market capitalization remained robust, with equal buying and selling pressure reported across exchanges. The surge occurred while XRP maintained support above the $3.14 zone, which acted as a cushion throughout the current rally phase.

Technical indicators further supported the bullish momentum. The Relative Strength Index (RSI) readings crossed 74.95 on the hourly chart, indicating an overbought zone with the highest RSI reaching 76.14. Despite these levels, buyers continued to exert upward pressure without immediate signs of reversal. The Moving Average Convergence Divergence (MACD) indicator also confirmed the bullish movement, with the 12/26 MACD line crossing above the signal lines. MACD volume climbed to 796.9 million during the move, with both the histogram and momentum bars trending positively, indicating strong buyer conviction. The trend unfolded in a structured manner, supported by consistent volume expansion, and there were no major bearish divergences observed within the timeframe.

As of the latest hourly session, XRP continued to hover just below the resistance level at $3.65. The price approached this level multiple times but failed to break cleanly above. However, the structure remained intact as the price consistently held above the $3.14 support line. This area previously acted as a base during the early phases of the surge. The market continued to react strongly to this level, reaffirming its importance. As long as XRP is trading above this level, upside tests will continue to be possible. At this point, XRP is moving in a tight range between the support of $3.14 and a resistance of $3.65, with buyers continuing to have momentum.

In summary, XRP's recent price surge to $3.62, driven by a 15.6% increase in value, has positioned the cryptocurrency at a critical juncture. The asset's strong technical indicators, including RSI and MACD, suggest continued bullish momentum. However, the ability of XRP to sustain its price above the $3.14 support level will be crucial in determining the success of its ongoing breakout attempt. Market participants will closely monitor these levels to gauge the future direction of XRP's price movement.