XRP has been experiencing a resurgence, with a nearly 6% increase over the past week, pushing its market cap over $130 billion for the first time since March 27.

The altcoin's RSI has reached an overbought level for the first time in more than a month, with bullish signals from its Ichimoku Cloud setup and consecutive golden crosses formation in its EMA lines. Traders are closely monitoring breakout targets and key support zones to determine XRP's next major move.

XRP's RSI has surged to 76.19, surpassing the 70 threshold for the first time since March 19, indicating increased buying momentum and entering the overbought zone which might lead to a price slowdown or reversal based on market sentiment.

The Ichimoku Cloud for XRP remains bullish, with the price above the Kumo and a positive crossover between the Tenkan-sen and Kijun-sen lines. Despite the narrower green cloud suggesting some weakening of bullish conviction, XRP is still positioned favorably for buyers in the short term.

Consecutive golden crosses in XRP's EMA lines have emerged, signaling strong upward momentum and a potential trend reversal or new uptrend. If this bullish momentum persists, XRP could target price levels at $2.50, $2.64, $2.74, and $2.83. Conversely, a reversal in trend could lead to a test of support levels at $2.18, $2.03, and potentially $1.90 and $1.61.