XRP remains the highest gainer among the top 80 crypto assets in the past week.

XRP is on track to close the week above the wake-up line for the first time since April 2021, according to an analysis from the veteran trader and analyst Egrag Crypto. Notably, the sloping wake-up line currently sits around the $0.38 price territory. A close above this price level indicates the asset could continue in its ongoing rally.

Egrag’s analysis considered a sloping wake-up line that has persistently towered XRP’s weekly candle for over 100 weeks since the asset collapsed from the local top of $1.83 on April 15, 2021. Despite a series of comebacks ever since XRP has failed to close a week above the line.

(By MARK BRENNAN)