XRP price has seen a remarkable 10% surge in the past 24 hours, accompanied by a substantial 50% increase in trading volume to a whopping $8 billion. This surge has propelled XRP's Relative Strength Index (RSI) back into overbought territory for the first time in nearly a month. This notable increase could be attributed to the SEC accepting XRP's ETF filing; however, it's essential to note that this does not equate to approval at this stage.

At the same time, whale activity has appeared stagnant, with minimal movement in the number of large holders following a recent surge and subsequent decline. As XRP lingers near critical resistance levels, traders are eagerly monitoring to determine whether this rally possesses the strength to persist or if a correction looms ahead.

The resurgence in XRP's Relative Strength Index (RSI) to 72.2 from 50 just a day prior underscores robust bullish momentum in XRP's price action. This sharp increase has propelled the asset into overbought territory for the first time in almost a month, signaling a significant imbalance between demand and supply in the short term.

Tracking whale activity proves crucial as these significant holders hold the power to influence price movements significantly. While the number of XRP whales initially rose from 2,081 to 2,136, indicating accumulation, the count has since decreased to 2,118, hinting at profit-taking or redistribution among holders.

Looking ahead, if the current uptrend persists, XRP could challenge a key resistance point at $2.96, potentially pushing further towards $3.15. A decisive breakout may even propel XRP to $3.36, representing a promising 24.5% gain. Conversely, a loss of momentum could lead to a pullback, testing support at $2.54, with further downside potential towards $2.26 and $1.77 if selling pressure intensifies. The formation of golden crosses in its EMA lines could signal further upside potential, hinting at a possible bullish trend on the horizon.