[Digital Today reporter Hyunwoo Choo (추현우)] XRP's market capitalisation has risen above $100 billion again. Blockchain media outlet U.Today reported on Tuesday that XRP, based on CoinGecko, regained that level after rising more than 8 percent over the past 24 hours.

XRP is trying to extend gains after touching a resistance zone at $1.65. It posted a relatively strong rise among top market-cap cryptocurrencies along with Arbitrum, Flare and Zcash.

Even after recovering the $100 billion mark, XRP is still more than 55 percent below its all-time high from about a year ago. Peter Brandt said recently that XRP could rise to $5.40 over the long term. Recent Coinbase data also showed expectations of increased XRP volatility.

XRP recovered a trendline around $1.40 and then cleared $1.50 and $1.60 in sequence. Trading volume also increased during the rise. On a daily chart, it traded above all key moving averages.

A long-term moving average in the $1.36 to $1.37 zone, previously a technical resistance level, has turned into support. The relative strength index was in the high 60s, approaching an overbought zone, but there is still room for further gains. The strength of the rise has not yet matched the vertical rally seen in August.

The next inflection point is the $1.65 to $1.70 zone. XRP met resistance around $1.70 during the August rally. If it breaks above this range on a daily closing basis, the most distinct resistance band on the chart would be cleared.

There is still room for additional gains up to $2. From $1.70 to $2, it would need to rise about 18 percent more. For this move to continue, rising trading volume and broad strength across the cryptocurrency market would need to support it.