XRP has staged a remarkable 47% surge in just one week, testing the critical resistance level around $1.50. Technical analyst Dom (@traderview2) states that clearing this overhead barrier is the prerequisite to target the $1.80 range. Buyers have attempted to breach and hold above this level four times this year, with each attempt resulting in immediate rejection and subsequent downtrend. The asset dropped to $1.00 in early August before experiencing a sharp V-shaped recovery. A long upper wick on the recent daily candle demonstrates buyers tapping into liquidity above $1.50 before a temporary pullback to consolidate gains.
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