Will Recent Developments Help XRP Jump Higher? - Kakiforex.com - Financial Market Media No. 1 in the World Will Recent Developments Help XRP Jump Higher? Will Recent Developments Help XRP Jump Higher?
InstaForex

September 7, 2021

Will Recent Developments Help XRP Jump Higher?

 XRP seems to have seen a pretty good start to this September’s trading session.


The positive price movement of XRP can be seen producing a 22% jump reaching the latest high of $ 1.39 ending yesterday’s trading session.


Some of the latest positive developments that are expected to help XRP’s surge, among them is the news that Japan’s leading e-commerce platform ‘Rakuten’ is expected to re-launch XRP trading on September 8, 2021.


Japanese "Amazon" Rakuten Will #RelistXRP And Resume #XRP Tradinghttps: //t.co/suCkKUIPxU


- XRPcryptowolf (@XRPcryptowolf) September 2, 2021



Looking at the XRP/USDT chart, it seems that XRP is gaining the attention of investors after breaking the $ 1 resistance level.


If the $ 1.40 resistance zone is successfully broken, the next target to be tested is around the $ 1.5 level where that level is likely to be the determinant for XRP to jump more aggressively to higher levels.


However, if the XRP remains in a bearish pattern, the $ 1.30 RBS (resistance become support) zone will be tested first to either make a rebound or continue the decline to a lower level.


At the time of writing, XRP is trading around $ 1.30 with a trading volume of over $ 7.8 billion.