Is Ripple's XRP Poised for a Significant Surge after Testing Its 13-Month Support?

Ripple's XRP token has faced a slight decline over the past week, currently trading around $1.89. It had previously reached $2.40 earlier this month, before experiencing a significant retraction. The key focus is the $1.80 level, which has consistently held over the past 13 months. ChartNerd, a market analyst, suggests that if the price defends the $1.80 level and clears the descending resistance, a shift back to $2.70 could occur. Additionally, Egrag Crypto identified a triple bottom formation, indicating potential targets if resistance breaks, such as $2.7, $9, $15, and $32. However, XRP ETFs witnessed $40.6 million in outflows over the past week, the first since their inception. Binance's XRP reserves reportedly increased to 2.74 billion tokens, hinting at a return of liquidity.