XRP Surges 10% in 24 Hours as $4.27B Volume Signals Strong Bullish Shift
XRP climbed 10% in the past 24 hours, regaining the $2.00 level as optimism swept through digital assets. The move coincided with Bitcoin...
Quick overview
- XRP surged 10% in 24 hours, reclaiming the $2.00 level as Bitcoin and Ethereum also experienced significant gains.
- Trading volume for XRP increased by 190%, indicating a return of sidelined capital and a potential trend reversal.
- Technical analysis shows XRP forming higher lows and nearing a breakout above descending resistance, suggesting further upside potential.
- Futures market activity supports bullish sentiment, with derivatives volume rising 167% and open interest increasing, signaling fresh capital inflow.
XRP climbed 10% in the past 24 hours, regaining the $2.00 level as optimism swept through digital assets. The move coincided with Bitcoin breaking above $90,000 and Ethereum trading beyond $3,000, reigniting broad-based risk appetite. XRP’s rally was strong enough to push it past BNB, making it the third-largest cryptocurrency by market capitalization.
Trading activity underscored the shift in sentiment. Spot volume surged 190% to $4.27 billion, a clear signal that sidelined capital returned to the market. Historically, such sharp increases in liquidity often accompany trend reversals rather than short-lived price spikes. As long as wider crypto conditions remain supportive, XRP appears positioned to extend gains into early 2026.
Chart Signals Point to Upside Expansion
Technical analysts are increasingly constructive. On a 12-hour chart, XRP has been consolidating within a long-term descending channel. Recent price action shows tightening ranges near the lower boundary, typically associated with fading selling pressure.
More notably, XRP has started printing higher lows around key support zones. This pattern often reflects renewed accumulation following extended downtrends. A decisive break above the descending resistance line could trigger a momentum-driven continuation, with chart projections implying a sharp upside move if volume confirms the breakout.
Key technical observations include:
- Price compression near long-term support
- Emergence of higher-low structures
- Potential breakout above descending resistance
Derivatives Surge as Bulls Target $2.30
Futures markets reinforce the bullish case. XRP derivatives volume jumped 167% to roughly $6.86 billion, while open interest rose nearly 6% to $3.61 billion. Rising volume alongside increasing open interest typically signals fresh capital entering positions, not just short covering.
At the time of writing, XRP hovered near $2.00, holding firmly above former resistance at $1.90, now acting as support. Technical indicators remain constructive but caution against near-term overheating.
Market metrics to watch:
- Resistance levels: $2.10, $2.20, $2.30
- MACD: Bullish crossover intact
- RSI: Near 68, approaching overbought
If buying pressure persists, XRP could test the $2.10–$2.30 zone. A failure to hold $1.90, however, may prompt a brief pullback toward $1.85 before the next directional move.
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