XRP has shown strong bullish action since the start of the week, reflecting increased buying sentiment in the market. The expansion of Ethereum-compatible smart contracts on the XRP ledger has boosted its functionality, potentially increasing adoption and allowing developers to build new DeFi applications.

Currently, XRP is trading between $0.560 and $0.630, suggesting a weak bullish sentiment. However, with a 5% jump, it has retested a crucial support trendline, indicating a potential bullish breakout. A rally could push XRP toward its upper resistance level of $0.690.

If the market remains bullish, XRP may reach $0.690 this September. Conversely, a bearish reversal could see it retest support at $0.560 or even drop to $0.4880. The RSI and SMA indicators suggest the potential for continued gains if buying pressure persists.