The XRP token has experienced a 6% price increase in the last week, with its market value trading at $0.5546. This is likely due to the pro-business and market-friendly political stance of former US President Donald Trump. As momentum builds for further gains, XRP may reach a potential $0.60 price target for the upcoming week.
A bullish technical outlook suggests that XRP may hit the anticipated $0.60 mark, but certain conditions must align for this target to materialize. If the cryptocurrency can close above the critical $0.56 resistance level, it may test intermediate levels at $0.5696 and $0.5909, inching closer to the $0.60 milestone.
However, if the XRP price fails to hold key support near $0.5247 or breaks above the $0.56 resistance, it may struggle to gain traction and retreat to lower levels.
