XRP traders eye rally to new all-time highs at $5.85 as key support holds

XRP price is up today ahead of the first White House Crypto Summit, and holding a key support level could see the altcoin rally toward $5.85.

XRP’s (XRP) price is trading 28% above its $1.94 lows reached on Feb. 28, up 6.5% over the last 24 hours. Traders keep rally hopes alive as the altcoin holds above a key support level.  

XRP/USD daily chart. Source: Cointelegraph/TradingView

Dark Defender, a crypto market analyst, highlighted that XRP was trading above a key support zone in the four-hour timeframe, as shown in the chart below.

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