$RPL surged 61.73% in the past 24 hours to around $2.79,significantly outperforming a broadly flat or weaker market.
The rally was largely driven by the upcoming Saturn One upgrade, which introduces a fee switch allowing staked RPL to earn ETH rewards and outlines plans to reduce future token emissions, strengthening the project's token economics.
The move was supported by a dramatic increase in trading volume up more than 1000% indicating strong buying interest rather than thin liquidity.
Technically, the token has broken above key moving averages, with momentum firmly positive,though an elevated RSI suggests the market may be overheated in the short term.
If price holds above the $2.50 area,further upside toward longer term resistance near $3.90 could be possible, while a drop below support may lead to consolidation as traders take profits.
The surge reflects optimism around a fundamental upgrade,tempered by the risk of near term volatility.
#RPL #CryptoAnalysis📈📉🐋📅🚀 #UpdateAlert
