XRP Price Jumps 20% as Buyers Reclaim $1–$1.3 and Target $1.6
Ripple (XRP) surged more than 20% in the past 24 hours, rebounding after holding the $1 support area. XRP has now broken above the $1.3 level, which may flip into support.
Key levels cited: support at $1 and $1.3; resistance at $1.6 and $2. The article says spot buying volume has spiked sharply after months of consolidation just above $1, suggesting sellers are losing control.
However, momentum is getting stretched. The daily RSI reportedly moved into the overbought zone (above 80), warning that late entries may face increased pullback risk. The piece notes that most of the move could be already underway, even if XRP eventually tags $1.6.
Traders are encouraged to watch whether XRP can consolidate and confirm gains near $1.3 before attempting a move toward $1.6, which would help signal a higher high and potentially end the prior downtrend.
Bullish
XRP is experiencing a strong, broad momentum upswing: +20% in 24 hours, a reclaim of the $1.3 level, and a volume surge after long consolidation near $1. That combination typically supports continuation, especially if XRP can hold $1.3 and later break/defend $1.6.
The main near-term risk is technical overheating. A daily RSI above 80 often precedes short-term mean reversion (pullbacks or sideways digestion), which can trap late buyers. Traders often respond by either waiting for a retest of the new support ($1.3) or using tighter risk controls around the overbought condition.
In past rallies, when price reclaims a major pivot (here $1.3) while volume confirms, follow-through toward the next resistance ($1.6) is common. The long-term angle hinges on whether XRP can consolidate and form a higher high after this downtrend—if that confirmation occurs, the bullish thesis can extend beyond the immediate move. If consolidation fails and XRP loses $1.3, the rally could quickly fade.