XRP Price Jumps to $2.55 as Volume Hits $10.7B—Next Stop $2.70?
XRP hits $2.55 with $10.7B volume, bouncing from key support. Eyes $2.70 if $2.56 breaks. Here's why bulls are back.
Quick overview
XRP is back in the spotlight, trading at $2.55 after gaining 5.28% in the past 24 hours. The surge comes after a big bounce from $2.47, a level that is both the 38.2% Fibonacci retracement and a rising trendline on the 2-hour chart.
This area has been a good springboard for bulls, with price reclaiming upwards momentum and volume above $10.7 billion – a big jump that shows investors are back in.
The setup is still good. XRP is above the 50-period Exponential Moving Average (EMA) at $2.41, a level that often means bullish when reclaimed. Above this level and we could see a move to $2.62 and possibly the swing high at $2.70.
Trade Setup: Tight Risk, Clear Targets
For those looking to get in on the recovery, XRP/USD has a defined risk reward. The bounce from trendline and Fibonacci confluence gives the trade technical merit, and price action is showing buyers defending higher lows.
- Entry Zone: $2.52-$2.55
- Target 1: $2.62 (61.8% Fib)
- Target 2: $2.70 (swing high)
- Stop Loss: Below $2.47 (trendline and 38.2% Fib)
The MACD is starting to flatline after a dip, so selling pressure may be easing. A bullish MACD crossover or strong volume break above $2.56 would be the confirmation for those waiting on the sidelines.
Market Outlook: Macro, Micro
XRP’s move up isn’t just a standalone event, it’s part of the broader altcoin rally driven by the optimism in the market. Bitcoin’s breakout above $100K has brought risk back into the market and altcoins like XRP are benefiting from it. Meanwhile, Ripple’s institutional adoption and positive regulatory news are making XRP more attractive long term.
If XRP holds above $2.52 and clears $2.56 with conviction, the path to $2.70 gets more likely. Then we could see the bullish structure get more solid and open up for retail and institutional participation.So the chart is good as long as the trendline holds. Watch volume, MACD and $2.56 for the next move up.
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