XRP rallies towards its January peak
XRP rallies towards its January peak amid hopes of SEC spot XRP ETF approval.
XRP rallies strongly
XRP bullish case:
XRP's rally from its 22 June low at $1.9096 has become parabolic, with the late January high at $3.2124 likely to be reached soon.
If this level is surpassed, the 22 January high at $3.2845 would represent the next technical target, ahead of the 20 January high at $3.3630 and the January peak at $3.3991.
XRP bearish case:
Should XRP top out and fall through its 17 July intraday low at $2.9906 on a daily chart closing basis, the 11 July high at $2.9738 may be revisited.
Further potential support is observed between the 19 January low at $2.8420 and the 14 February high at $2.8347, below which lies the 15 July low at $2.8052.
If the latter level gives way, the May peak at $2.6542 would likely come back into focus.
XRP/USD chart
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