XRP Revival: Is Ripple Preparing For An Explosion Above $1?

XRP bulls are rampant, looking at events in the past 24 hours. The expansion of Bitcoin and Ethereum has benefited other top altcoins, including XRP. When writing, the coin has reclaimed its sixth position, flipping USDC. At the same time, there has been confirmation of recent gains, which is massive for buyers and sentiment.

Overall, the tide is changing, favoring bulls. After a few turbulent trading sessions, the coin is steady in the past trading day and week. XRP is changing hands at $0.611 and trading volume is up 87% in the last trading day to over $2 billion. A confluence of rising crypto prices and favorable fundamentals might spark more demand in the days ahead, extending gains.

The pace at which XRP extends gains in the days ahead depends on the news front. Traders should closely monitor the following:

• Brad Garlinghouse, the CEO of Ripple, thinks the crypto space will be worth over $5 trillion by the end of the year. At that valuation, it means prices of leading altcoins will likely double, driven by adoption and FOMO. The coin might reap big dividends as a result.
• A whale recently moved a large batch of XRP, which is helping drive volume. The community is watching how the ongoing Ripple versus the United States SEC court case evolves. A favorable winning might lift prices above $1.

XRP Price Analysis

XRP/USD prices are shifting higher, which is a massive move for optimistic buyers.

Even though XRP is still within a range, with resistance at $0.66, buying pressure is building up.

Any break above $0.66 offers entries for traders to ride to $0.74 or higher in the short term. This formation will confirm buyers of April 4.

Conversely, losses below $0.57 support will heap more pressure on the coin. A drop below this line will invalidate the bullish outlook.