XRP climbed 3% over the past 24 hours, defying broader market volatility as geopolitical tensions continue to rattle investors. The token rose from $2.157 to $2.222, driven by strong technical momentum and surging on-chain activity that saw over 500 million tokens transacted in a single day.
News Background
- Rising trade disputes between major economies have triggered market-wide uncertainty, with traditional cross-border payment systems facing increased scrutiny.
- Amid this backdrop, XRP’s ability to facilitate fast, low-cost international transactions has positioned it as a potential alternative settlement solution, attracting fresh interest from both retail and institutional traders.
- Ripple’s RLUSD stablecoin has received regulatory approval from Dubai’s financial authority, allowing its use within the Dubai International Financial Centre.
Price-Action
As per CoinDesk’s AI-driven technical analysis, XRP’s price action has formed a clear uptrend, with higher lows and higher highs emerging throughout the session. The token broke through key resistance at $2.190 on significant volume spikes exceeding 55 million during the 22:00 hour, signaling renewed buying interest.
Support has formed around the $2.192-$2.195 range, while a recent pullback to $2.194 appears to be a healthy consolidation after testing the $2.225 level. In the final hour of trading, XRP surged 1.58% from $2.194 to $2.199, accompanied by a notable volume spike at 08:01 with over 5 million tokens changing hands — nearly 10 times the hourly average.
The technical picture remains bullish, with consecutive green candles and increasing volume suggesting momentum could carry XRP higher toward the $2.225 resistance level.
Technical Analysis Recap
- XRP climbed from $2.157 to $2.222 over the past 24 hours, a 3% gain.
- Price action established a clear uptrend, breaking through key resistance at $2.190 on volume spikes over 55 million.
- Strong support formed at $2.192-$2.195, with healthy consolidation evident after testing $2.225.
- Notable price surge in the last hour from $2.194 to $2.199, with volume spiking to over 5 million at 08:01.
- Consecutive green candles and increasing volume suggest potential for further upward movement.
As XRP navigates an uncertain macroeconomic landscape, its utility as a cross-border payment asset and increasing transaction volume underscore its role in the evolving global financial ecosystem.