XRP is experiencing a notable rally, trading at $0.82, following a 65% price surge. Top analyst Carl Runefelt notes that XRP has broken above a multi-year resistance, indicating potential for further price increases.
Optimism grows as reports suggest SEC Chair Gensler’s possible departure, reducing regulatory pressure. The pro-crypto stance of President Trump also sparks interest. XRP's legal challenges with the SEC hindered past performance, making this breakout significant.
Runefelt predicts XRP could reach $2, though some foresee price levels beyond $20. The breakout marks a positive shift after prolonged underperformance.
The upcoming challenge lies at the $0.92 resistance level, not revisited since 2021. A successful break and consolidation above this level could propel XRP towards $1.4.
If XRP fails to break $0.92, a period of accumulation might delay further gains. Investors watch closely to determine if XRP can sustain its upward momentum.
