XRP Breaks Key Resistance, Surges to $1.13 Amid Broad Market Rally

Ripple's XRP token has broken out of a key resistance band, rising about 5% to $1.13 on Tuesday.

This breakout is part of a broader market rally driven by investors' optimism and technical breakouts above key levels.

The token's price move aligns with a general risk-on shift as Bitcoin reclaimed $65,000 due to renewed ETF inflows and a rebound in Asian tech stocks.

Ripple CTO David Schwartz regrets selling XRP at $0.10, citing his aversion to risk rather than a lack of faith in cryptocurrency.