XRP Price Holds Key $1.35 Support After Surge to $1.70

XRP has undergone a major shift in its short-term technical outlook following one of its strongest daily price moves of the year. The cryptocurrency briefly surged to around $1.70 before pulling back to approximately $1.49, with the breakout supported by a sharp increase in trading volume.

The XRP price rally has significantly improved its technical structure by pushing the token above several major moving averages. Shorter-term averages are now positioned well below the current price, around the $1.10-$1.18 range. More importantly, XRP cleared its long-term moving average near $1.35, which had previously acted as a major dynamic resistance level.

Holding above $1.35 could therefore strengthen the case that XRP is entering a broader recovery phase rather than experiencing a temporary volatility-driven spike.

However, technical indicators suggest the rally may have become overheated in the near term. XRP's daily Relative Strength Index (RSI) has climbed to roughly 86, placing the cryptocurrency deep in overbought territory. The long upper wick formed near $1.70 also shows that sellers responded aggressively as XRP reached higher levels.

Immediate resistance sits around $1.50-$1.55. A convincing daily close above this zone could restore bullish momentum and open the door to $1.60, followed by another attempt to challenge the recent $1.70 intraday high.

If XRP successfully breaks above $1.70, the technical chart shows relatively limited visible resistance before the $1.80-$2.00 range, potentially providing bulls with their next major upside target.

A short-term correction, however, would not necessarily invalidate the breakout. The $1.35 level is now the most important support to watch because it coincides with both the previous breakout area and the long-term moving average.

If XRP establishes $1.35 as firm support, its broader recovery structure could remain intact. A sustained drop below that level would weaken the bullish XRP price outlook and increase the possibility that the dramatic surge was an exhaustion move rather than the beginning of a lasting trend reversal.