XRP Surges 8% Weekly, Outpacing Major Cryptocurrencies
XRP is gaining momentum, with an 8% increase over the week and a 3% rise on the day, surpassing bitcoin and ether. However, the controlled nature of the move suggests it may be an early sign of accumulation or just another range-bound fluctuation. Analysts are highlighting long-term breakout patterns, with potential targets of $10, as XRP retests a key structural zone. The token's price climbed to $1.43, with steady higher lows indicating controlled buying, but it continues to struggle below the $1.44 resistance level. Technical analysis reveals relative strength, with XRP outperforming other majors, often a sign of early rotation phases. The move is supported by structure, with higher lows forming, but inconsistent volume. A breakout above the 200-day EMA is a positive signal, though limited follow-through. Traders should watch the $1.44 ceiling, with a clean break strengthening the bullish case, and $1.40 as near-term support. Failure to increase volume on further upside risks another rejection within the range.