XRP is demonstrating strong market resilience after defending a critical support zone, rebounding from earlier losses and signaling potential for continued upside. The cryptocurrency has remained above its 50-day simple moving average (SMA), reflecting sustained investor interest despite ongoing global economic uncertainty.
Price Movement and Market Activity
In the last 24 hours, XRP traded between $2.275 and $2.356, a 3.56% intraday range driven by high volatility and strategic buying. The price found solid footing around the $2.275–$2.290 support zone, where a notable volume spike of 71.18 million was recorded, indicating strong buyer presence during the early recovery phase.
The rebound gathered momentum during the 13:00 hour, with volume climbing again to 74.36 million, pushing the price to an intraday high near $2.356. This price level has now formed a key resistance zone, while support around $2.324 was tested and held firm during a minor pullback, suggesting continued market strength.
Technical Indicators Signal Strength
XRP is currently trading above the 50-day SMA at $2.26, a bullish sign that often precedes further upward movement. Moreover, technical analysis confirms the breakout of a seven-year descending triangle pattern, with some analysts pointing to a potential upside target of $4.43 if the bullish momentum continues.
The formation of a bullish channel pattern with higher lows indicates a steady uptrend, supported by repeated volume confirmations. These factors, along with favorable short-term market structure, give bulls confidence to aim for new highs.
Market Outlook and Investor Sentiment
Despite recent capital outflows that temporarily reduced XRP’s market cap from $137.5 billion to $133.39 billion, a recovery to $135.86 billion shows growing investor conviction. The market appears to be consolidating gains, with short-term volatility creating attractive entry points for traders.
If XRP successfully breaks through the $2.355–$2.356 resistance, a rapid move toward the $2.50 level and beyond could be on the horizon. The combination of technical strength, volume confirmation, and market resilience positions XRP as one of the standout performers in the current crypto landscape.