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<p>Despite last week’s recovery run in the crypto market hitting pause over the weekends, the XRP price jumps for a breakout run. Ending the streak of low high and surpassing a crucial area of supply, XRP’s jump hit the $0.65 mark.&nbsp;</p>   
<p>Will XRP hit $0.81 this week as the breakout momentum builds? Learn more in Coinpedia’s XRP price analysis below.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-wedge-breakout-run-for-xrp-continues-to-struggle">Wedge Breakout Run For XRP Continues To Struggle</h2>   
<p>With a massive jump of 4.39% on Saturday, the XRP price jump breaks above a long-coming resistance trendline. The bullish extension drives XRP higher by 4.37% on Sunday, with a 24-hour high of $0.6650. Currently, the XRP price is trading at $0.6462, with an intraday gain of 0.76%.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcWrU0OgDxQfeowklnPla20zbVmFQMPa-KnGNukRSAeXQfTU8T-La51HEyAKHCbCmeOvn5SKhuLzrRsDjHU0K7eMyxcAuD31c0pPG69EOr2I2HcThOenc-14z9QJ1hpm4jLeQ0WUnbfXZoqiGEORpdeGSI?key=E-A89DOYUzf0c8F9snyBEA" alt="XRP Price Chart">
</figure>   
<p><a href="https://www.tradingview.com/x/4XiJFIKP/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>The three-day recovery run forms three consecutive green candles or a triple-white-soldier pattern. Further, the recovery run surpassing the overhead trendline exceeds the 61.80% Fibonacci level at $0.63351. This marks a crucial breakout of the supply zone that has provided four bearish setbacks in the last two months.&nbsp;</p>   
<p>With a successful V-shaped recovery, the bull run in XRP price is gaining momentum.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-xrp-derivatives-boost-up">XRP Derivatives Boost Up</h2>   
<p>With the SEC appeal deadline drawing near, the optimism of XRP holders and the broader market grows. A reflection of the growing bullish speculation is the XRP’s open interest crossing the $1 Billion mark, per <a href="https://www.coinglass.com/currencies/XRP" target="_blank" rel="noreferrer noopener">Coinglass</a>.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYV5Eapgl2eaC06gDdPlBh_Dn4fzPaWdJVfoP13POQDt6uzDhihwLNjuotEOKnCIRoPIz2pDbYtiIjnuJihv9n4usy9bX2gT-dPUYoB95MwS7kMm3J1LwK6ARd-guAqtiigvb8f4TlV3PhxGH572-ZU4g?key=E-A89DOYUzf0c8F9snyBEA" alt="XRP Derivatives">
</figure>   
<p>Furthermore, the confidence in top traders on Binance shoots up. Based on the long/short ratio over the XRP/USDT futures, 1.70 ratios of accounts and 2.20 ratios of positions reflect a bullish phase.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-xrp-price-hit-0-81">Will XRP Price Hit $0.81?</h2>   
<p>The bullish breakout of the 61.80% Fibonacci level increases the bull run chances to the 100% Fib level at $0.81. Further, the bullish trend in the MACD and signal line, along with a positive alignment of the crucial EMAs, supports the uptrend.&nbsp;</p>   
<p>However, a broader market slowdown or an appeal from the SEC could shatter the recently surged optimism in XRP.&nbsp;</p>   
<p>Wondering how far the XRP price could shoot in the long run? Read our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple (XRP) Price Prediction</a>.</p>

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