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Can XRP price reach $1 after 25% gains in one week? Watch this key support level -Breaking

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© Reuters.

XRPAfter the initial rebound, prices have continued to rise. Falling by over 70%In a correction, between April 2021 & January 2022.

February 13 saw a $0.916 increase above the 50-week exponential moving mean (50-week EMA, or red wave), of $0.833. While not definitive, the upside move opened doors to further bullish momentum largely due to historical buying sentiment.

XRP/USD Weekly price Chart featuring 50-week EMA. TradingView
Weekly price chart for XRP/USD with upside target TradingView
Weekly chart of XRP/USD prices. Source: TradingView
The weekly price chart of XRP/USD shows downside targets. TradingView