XRP Jumps as Bulls Push Through Key Resistance Levels

XRP

XRP$2.21 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.

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.

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