XRP price has surged 7% in the last 24 hours, reaching a 16-month high before settling at $1.1656. This growth follows a rise from $0.6833 on November 14 and is part of a broader market trend, with XRP showing remarkable weekly and monthly gains of 33% and 150%, respectively. Significant factors contributing to this increase include the recent XLS-66D upgrade to the XRP Ledger, enhancing its support for tokenized assets and institutional finance. Additionally, open interest in XRP-tracked futures reached an all-time high of $2.13 billion on November 18, indicating strong market interest. The technical analysis further supports potential price increases, having broken out from a multi-year consolidation pattern with bullish targets set at $1.40 and $1.65. However, the relative strength index suggests XRP may be overbought, indicating a potential correction before further gains, with key support levels established around $0.52 and $0.57.

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