XRP Surges 11% to Reclaim $2 Amid Geopolitical Tensions
XRP Price Surge
XRP increased 11% in the past 24 hours, reclaiming the $2 mark and currently trading at $2.17. The rise occurred despite global geopolitical tensions affecting markets.
Key Points
- XRP briefly fell below key support due to military activity in the Middle East.
- High-volume support was established at $1.97, triggering a breakout to $2.173.
- Analysts project a potential price target of $6 by month-end, with a cautionary note on a possible correction to $1.55.
- Institutional activity remains strong, with elevated futures open interest and on-chain accumulation.
- The immediate support is at $2.13–$2.15, indicating a bullish structure if maintained.
Price Action Overview
- XRP's recent range: $1.967 – $2.173 (10.5% increase).
- Significant support levels: $1.97 and $2.154.
- Resistance noted at $2.06 and $2.173.
- A volume spike of 217M confirmed the breakout around 22:00.
- Current consolidation above $2.13 maintains bullish momentum.