XRP, a cryptocurrency, has shown signs of a potential rally, with recent movements indicating a break above a 30-day resistance level, reaching $2.60 on January 11 before dipping to $2.33 and then stabilizing above $2.45. The cryptocurrency is currently trading at $2.52 with a market cap of $145 billion. Analysts and traders have noted that XRP's price action against Bitcoin suggests a breakout above a 4-year resistance, with projections of the cryptocurrency reaching $4 and possibly $8 in the future. The momentum for XRP is further supported by the growth in the Ripple memecoin ecosystem, with XRP Army experiencing a 140% increase in value this week, reaching an $81 million market cap, alongside other memecoins like PHNIX and Pongo. The XRP Ledger's total value locked has also increased to $68 million, indicating growing interest and investment in the XRP ecosystem. Technical analysis shows XRP consolidating near $2.50-$2.55, with moving averages across all timeframes showing buy signals, and resistance at $2.60. XRP has recently hit a 4-week high, fueled by the rise of Ripple's memecoin ecosystem.