Strong recent gain for XRP: The price of XRP surged after news that SEC Chairman, Gary Gensler, may resign in January 2025. This generated market excitement, helping XRP grow swiftly. Currently, XRP’s price is at 1.55 USD, increasing nearly 31% in the past 24 hours, reflecting investor attraction.

1.70 USD is a key resistance: Technical analysis indicates that the 1.70 USD level is a crucial barrier XRP must overcome. If it fails to break through this level, XRP’s path to 2 USD will face more challenges. This requires strong buying power and sustaining the current growth momentum of the market.

Market sentiment and Robinhood listing: Earlier this month, the listing of XRP on the Robinhood exchange expanded investor exposure to this cryptocurrency. This may add momentum to XRP’s price in the upcoming period, supporting positive signals from the market. However, the 1.27 USD level remains the first downside support in case of a strong downward correction.