XRP Price Soars Post V-Shaped Rebound, Heading Toward $3.40

Following a sharp downturn, XRP sees renewed buying interest as institutional players establish firm support, reinforcing bullish prospects.

Amid ongoing geopolitical uncertainties and regulatory scrutiny, XRP has demonstrated strong resilience. After dropping to $2.307 on high trading volume, the asset has bounced back, creating a pattern of higher lows indicative of growing upward momentum.

Market watchers highlight the critical support zone between $2.35 and $2.40 as a key level that must hold to sustain further gains.

Technical Overview

• Over the last 24 hours, XRP fluctuated within a 3.76% range, bottoming at $2.307 during a high-volume sell-off totaling nearly 78 million units.
• Buyer demand solidified around the $2.32 mark during recovery phases, particularly between 13:00 and 14:00.
• The token has trended upwards, making successive higher lows and challenging resistance at approximately $2.39.
• In recent trading sessions, XRP advanced 0.42% from $2.358 to $2.368, with notable volume surges at 01:52 and 01:55.
• Price momentum pushed XRP past the $2.36 resistance, touching $2.366 and peaking near $2.369 amid strong trading activity.
• Maintaining above the $2.368 support line, coupled with easing volatility, sets the stage for a potential continuation of the upward trend.