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XRP surged by more than 8 percent over the past 24 hours as the crypto market rallied during the weekend, breaking out of a flag pattern that analysts have tracked for weeks.
This technical formation suggests a potential move to a mid-term target of $2.10, representing a 41 percent upside from current levels.
The price action follows a post-Federal Open Market Committee (FOMC) breakout, indicating renewed market interest in cryptocurrencies despite a challenging macro environment.
Trading volumes jumped by 55 percent during this period to reach $4.7 billion, meaning 5 percent of the asset's circulating market cap exchanged hands. This volume spike indicates rising buying pressure.
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