[DigitalToday reporter Yoonseo Lee (이윤서)] XRP has jumped about 48 percent over the past seven days, regaining the $1.40 level. That put XRP among the top gainers among major cryptocurrencies.

On Aug. 21 (local time), blockchain media outlet The Crypto Basic reported the rise coincided with a broader rebound across the cryptocurrency market since the start of the week.

Total cryptocurrency market capitalisation has increased by $440 billion since Aug. 17. Over the same period, XRP rose more than the market average. XRP’s market capitalisation also gained about $24 billion in three days to reach $86.82 billion.

XRP also ranked near the top in weekly gains. CoinMarketCap data showed Ethena (ENA) ranked first with a rise of about 64 percent, followed by SPX6900 (SPX) with gains of more than 41 percent. XRP rose 39.70 percent, the third-highest increase. DeFi project token Pump.fun (PUMP) gained about 37 percent.

The rebound is seen as a recovery of levels that broke down in mid-May. After hitting a high of $1.54 at the time, XRP fell sharply and slid to a low of $1.05 in early June. Its current price is around $1.47, re-entering that price range for the first time in three months.

Technical indicators were also cited as variables for gauging the short-term direction. XRP has moved above its 20-week exponential moving average (EMA). The market is now watching whether it can break above $1.5417, the 50-week moving average. Based on the current price of $1.47, it would need an additional rise of about 8 percent.

On the daily chart, the pivot point R3 zone around $1.4895 was cited as a strong resistance level. That range could see concentrated short-term selling pressure on the way to the 50-week moving average.

Signs of overheating also emerged. XRP’s daily relative strength index rose to 84. That suggests short-term buying has regained control, but also indicates the rally may have been somewhat exaggerated. If upward momentum weakens, XRP could test initial support around $1.39.

XRP has risen strongly by riding the broader market rebound, but a break above resistance at $1.4895 and the 50-week moving average at $1.5417 is expected to be a key turning point for further gains. In the near term, the market is also watching whether the uptrend holds and overheating eases.