XRP XRP climbed 3.6% over the last 24 hours, peaking at $2.33 before settling near $2.25, as buyers capitalized on market volatility. The token overcame resistance at $2.21 and formed new support at $2.29, signaling renewed bullish conviction despite a brief pullback to $2.23.
News Background
Ongoing trade disputes between the U.S. and China continue to roil risk assets, yet XRP has held up better than many peers, reflecting confidence in its cross-border settlement utility.
Recent central-bank divergences on interest rates have driven rotation into digital assets, with XRP benefiting from increased trading volume during major policy announcements.
Speculation around a spot XRP ETF, coupled with large block trades on major exchanges, suggests institutions are quietly accumulating, positioning for the next regulatory catalyst.
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Price Action
- XRP traded in a wide 7.5% range from $2.177 to $2.338, driven by heavy buying between 11:00–16:00 that powered the break above $2.21.
- • After surging, sellers pushed price back to $2.23 during the 22:00–23:00 session on over 100 million units traded, establishing a temporary floor.
- • Buyers re-entered aggressively in the final hours: a bullish burst at 01:32–01:33 lifted XRP from $2.247 to $2.255 on 1.6 million units.
- • A late-session reversal broke $2.250 support, carving out new support at $2.246 as momentum held firm.
Technical Analysis Recap
- Resistance turned support: Cleared $2.21 convincingly, now testing $2.30 as the next hurdle.
- New support: $2.246–$2.29 zone confirmed by multiple tests.
- Volume profile: Heavy volume spikes during breakouts and pullbacks suggest high conviction on both sides.
- Pattern and targets: Price action aligns with a Fibonacci extension off the day’s low, pointing to $2.40 if current support holds.
** Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.**
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