XRP price has maintained a steep upward trend since the token rebounded from its March 2020 lows. The price rose more than 1000% and faced a sharp bear market, losing more than 80% of its profits. Irrespective of the bullish or bearish trend prevailing in the market, the price of Now that the price has surged beyond the bearish range, it is believed that the token will hit the dollar milestone any time from now.
The price of XRP has surged more than 20% in just a few hours, aiming to reach levels above $0.8, which could happen any time from now. This has led to a surge in optimism about XRP as the token has established itself as one of the best performers in the past few days, mainly driven by memecoins. After lagging behind cryptocurrency market trends for a long time, XRP price has finally triggered a bullish trend.
Now the question arises whether XRPArmy is late to the party or market participants have shifted their focus to top altcoins like XRP.
XRP price has been working hard to break the upper resistance channel several times and the recent bullish momentum has completed the job. Moreover, the price formed a double bottom pattern within a crucial symmetrical triangle. This suggests that the price will soon trigger a large rally, which could push levels past the 2021 highs of around $1.98.
As the weekly RSI favors the bulls, it is believed that XRP price will maintain a healthy upward trend and achieve temporary resistance at $0.77, paving the way for the price to rise above $0.8. The price may remain consolidated for some time before hitting new highs above $0.85, followed by a bullish breakout above $1. This demonstrates a rise above the bearish claws and could help push the price closer to its previous ATH as the bulls strengthen each day.