Despite ongoing global economic tensions and evolving regulations, XRP has demonstrated impressive resilience in the crypto market. After a sharp decline to $2.307 on high trading volume, XRP is now showing signs of a potential bullish run, forming higher lows and approaching key resistance levels. Technical analysis suggests a possible breakout, with analysts emphasizing that holding support between $2.35 and $2.40 is crucial for continued upward momentum.
In the past 24 hours, XRP’s price fluctuated within a 3.76% range, from $2.307 to $2.396. A notable sell-off occurred around 16:00, pushing the price down to $2.307 amid a surge in trading volume, peaking at 77.9 million. However, strong buying support emerged at the $2.32 level during high-volume periods, especially between 13:00 and 14:00, helping the price recover.
The asset’s trend has been upward, with higher lows being established since the dip, and resistance around $2.39 was tested during the early morning session. In recent trading, XRP has climbed from $2.358 to $2.368, a modest gain of 0.42%, accompanied by volume spikes at 01:52 and 01:55. It recently broke through the $2.36 resistance, reaching a local high of $2.369 on significant trading activity.
Currently, XRP remains strong above the $2.368 support level, with decreasing volatility indicating a potential continuation of its upward trend. Technical indicators and analyst insights suggest that if this support level holds, XRP could be poised for a bullish breakout, potentially pushing toward higher resistance zones.
Stay tuned as XRP navigates these critical levels, with momentum favoring a possible rally amid supportive technical signals. As always, traders should monitor key support at $2.35-$2.40 to gauge the next move in this resilient digital asset.
