A significant surge in trading activity has been observed for XRP on the Singapore Exchange. The notable 212% spike suggests that institutional investors might be showing increased interest. What’s driving this uptrend, and could it signal a broader movement in the cryptocurrency market? Delve deeper to discover which coins might be next in line for growth. XRP Struggles Below Key Levels Despite Potential for Bounce Source: tradingview XRP currently trades between $1.34 and $1.48, facing a tough market. In recent months, it has significantly dropped, with a six-month decline of over 50%. However, some indicators suggest a potential bounce. The coin’s immediate aim is to surpass $1.56, its nearest resistance. Achieving this could see further growth, potentially reaching up to $1.70. This would represent an increase from the lower end of its current range by about 27%. The Relative Strength Index and Stochastic indicators suggest it’s slightly oversold, providing room for potential gains. If it falls, it might find support at $1.29 or as low as $1.15, offering a foundation for another possible rise. Conclusion XRP's trading volume surged significantly, marking a noticeable increase in institutional interest. This uptrend aligns with broader market trends where major cryptocurrencies are gaining acceptance. Ripple's progress could be seen as a catalyst for this spike. Bitcoin and Ethereum remain key players, but XRP's recent performance indicates potential for growth. The coming months will reveal if this momentum sustains or translates into long-term gains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.