XRP Rallies After Hitting Lows, Maintains Bullish Pattern Above Important Support

XRP Jumps 6% After Sharp Dip, Signals Bullish Shift Above Support Levels

XRP climbed 6% following a sharp decline, with recent price action forming an upward channel that suggests buyers are regaining control as the asset stabilizes above key support levels.

Earlier, XRP faced strong selling pressure, plunging more than 6% to hit a low of $2.011 during the 21:00 hour. However, a swift rebound ensued as buyers stepped in, driving prices back up. The token is now holding firm above the $2.04 support zone, while traders focus on resistance near $2.09 for clues about a potential breakout.

Market Overview

• Crypto markets remain cautious amid ongoing geopolitical tensions and economic uncertainty, contributing to heightened volatility.
• Broader digital assets have been under pressure from global macroeconomic shifts and policy changes, sparking liquidations and profit-taking across the board.
• Despite the turbulence, XRP’s technical indicators and on-chain data remain encouraging. Institutional interest, driven by speculation over a spot ETF and Ripple’s payments technology, continues to underpin optimism for the asset.
• Analysts are watching for XRP to maintain its series of higher lows and challenge the resistance near $2.09, which could pave the way for further gains if supported by strong trading volume.

Price Action Snapshot

Over the past 24 hours, XRP traded within a 6.33% range, dropping from $2.147 to $2.011 during heavy selling around 21:00. Trading volumes surged during the decline, exceeding 163 million units—a clear sign of intense market activity.

Following the drop, XRP began a steady recovery, establishing a higher low at $2.042 and climbing as high as $2.083. In the final hour of trading, the token moved from $2.078 to $2.089, recording the session high on a spike of 1.38 million units traded at 06:20. This rebound has carved out an ascending channel, with successive higher lows noted at $2.079, $2.082, and $2.083.

Technical Highlights

• XRP’s 24-hour range spanned 6.33%, between $2.147 and $2.011.
• The heaviest selling occurred at 21:00, with volumes surpassing 163 million units.
• A higher low formed at $2.042, signaling returning buyer strength.
• Resistance is clustered around $2.089 to $2.090, while support lies between $2.011 and $2.042.
• XRP hit $2.089 in the final trading hour, driven by a surge of 1.38 million units at 06:20.
• Price movements have created an ascending channel, marked by rising lows.
• Buyers repeatedly defended the $2.082–$2.083 area on minor dips, hinting at accumulation.
• The MACD has turned positive, while the RSI holds neutral at around 54, leaving room for potential further gains if resistance is breached.