XRP experienced a bullish price action this week, with a 14% increase in value in the past seven days. Key support level stands at $0.54, while key resistance levels are at $0.68 and $0.93. The current uptrend has been fueled by the overall positive performance of the altcoin market, which has rallied in double digits since Bitcoin’s rise above $74K.
However, the volume has not increased significantly, which may limit the extent of the rally. The momentum indicators, such as the weekly MACD, show a bullish bias, suggesting that the current resistance may be broken soon, allowing the price to move towards the next major target at $0.93.
