XRP is recovering strongly: XRP is currently trading at 1.56 USD, a 7% increase over the past 24 hours. It recorded a 199% increase over the past month, still remaining 59% below its ATH of 3.84 USD.

Next target: If this uptrend continues, XRP might reach 2 USD, an important psychological level. Additionally, 2.56 USD is identified as the next major target.

Institutional interest: Ripple has invested in Bitwise Physical XRP ETP, which is expected to enhance XRP adoption in Europe and improve investor confidence.

Technical indicators: The RSI indicator is at 83, and positive MACD strengthens the likelihood of a continued price increase. Whale activity is also contributing momentum to XRP.

Analyst warnings: Despite the positive outlook, the 1.60 USD level has been tested multiple times, creating a crucial area that XRP needs to defend to sustain its uptrend.