XRP surged past a key technical resistance level, breaking above the Ichimoku Cloud on the four-hour chart and signaling a shift toward stronger bullish momentum. At the time of writing, the token traded around $1.16, up 4.08% over the past 24 hours with a trading volume of $1.41 billion.
The breakout saw XRP move above both the Tenkan-sen and Kijun-sen lines, while Leading Span A remained above Leading Span B, positioning the cloud beneath current price as a potential support zone. The Relative Strength Index (RSI) climbed above 75, reflecting intense buying interest but also hinting at possible near-term profit-taking.
Analysts now eye $1.30 as the next target following the breakout from a multi-week consolidation and downtrend. The move marks a renewed push higher after an extended period of sideways movement, reinforcing a short-term bullish outlook for the token.
