XRP's price surge over the past 24 hours is largely attributed to the partnership between Ripple and Convera, as well as recent regulatory developments in the cryptocurrency market. The partnership aims to enhance cross-border payments using stablecoins, sparking optimism among investors.
According to technical analysis, XRP's current price position above the daily pivot point at $1.33 suggests a bullish trend. Key support levels include the recent low of $1.31, while resistance is expected at $1.38.