<ul><li>XRP surged over 20%, breached the critical $0.70 resistance, and reached an intraday high of $0.7416.</li><li>The surge brought XRP close to its yearly high of $0.7443, recorded in March, after a prolonged bearish trend.</li><li>There's growing optimism in the XRP market, driven by the potential for regulatory changes in the US and the upcoming pro-crypto administration.</li><li>XRP's technical analysis shows a strong upward trend, with the altcoin trading above the 50-day and 200-day moving averages and forming a Golden Cross.</li></ul>

Is XRP Ready to Set a New Yearly High Above $1 After Breaking Out?

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