Ripple-Linked Token Reclaims $2 Mark on Heavy Volume
XRP has jumped 11% over the past 24 hours, climbing from $1.967 to a high of $2.173, as investor demand surged amid continued geopolitical tensions in the Middle East. The cryptocurrency has reclaimed critical psychological levels and is now trading just below a key resistance at $2.20.
Strong support is holding between $1.97 and $2.154, creating a base for further upside movement.
The breakout came after high-volume buying pressure took hold, with trading volume spiking nearly 3x the daily average during the 22:00 UTC hour. Analysts are now divided on where XRP goes next.
Market Sentiment Split: Rally or Pullback?
The latest price action has created a sharp divide among analysts:
- Bullish outlooks forecast a continued rally toward $6 by month-end, citing strong momentum and institutional accumulation.
- Bearish projections suggest a possible 25% correction down to $1.55 if price fails to hold the $2.13–$2.15 support zone.
Institutional activity remains elevated, with futures open interest and on-chain accumulation signaling long-term conviction.
Technical traders point to a bullish continuation pattern, provided XRP holds the support zone near $2.154. Failure to maintain that level could lead to increased volatility and downside pressure.
Geopolitical Tensions Fuel Risk Asset Flows
Global market stress, triggered by U.S. and Israeli military activity, has created unpredictable conditions across traditional and digital assets. While many tokens struggled for direction, XRP showed resilience and relative strength, rebounding sharply from a weekend dip.
Buyers stepped in aggressively at $1.97, creating a foundation for the breakout.
Technical Overview: Key Levels in Play
- 24-hour range: $1.967 – $2.173 (10.5%)
- Support zones: $1.97 and $2.154
- Resistance zones: $2.06 and $2.173
- Volume surge: 217M during breakout at 22:00 UTC
- Accumulation trend: Volume peaked at 748K units on upward price action
If XRP can hold above $2.15, a retest of $2.20 and beyond becomes likely.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.