XRP Shows Resilience with Recent Price Surge and Upward Momentum
Global economic tensions and regulatory changes are impacting XRP's price. Despite recent volatility, XRP shows resilience.
Key points include:
- XRP dropped to $2.307 on high volume but has begun an upward trend with higher lows.
- Technical indicators suggest a bullish breakout if support at $2.35-$2.40 holds.
- Price fluctuated 3.76% ($2.307-$2.396) in 24 hours, experiencing a sell-off at 16:00.
- Strong support formed at $2.32, with buyers active during recovery from 13:00-14:00.
- Resistance around $2.39 was tested during the 07:00 session.
- XRP rose from $2.358 to $2.368 in the last hour, a 0.42% gain with volume spikes noted.
- Price surpassed resistance at $2.36, reaching $2.366 and new local highs of $2.369 at 02:03.
- XRP maintains strength above $2.368, with decreasing volatility indicating potential continuation of upward movement.