XRP extended its upward momentum with a decisive breakout above $2.197, signaling renewed bullish sentiment as institutional buying returned at key support levels. Broader crypto markets also gained strength following BlackRock’s reaffirmed focus on real-world asset tokenization, providing additional confidence for risk assets.
DeFi Integration
In ecosystem developments, Firelight, a new DeFi protocol developed by Sentora and backed by the Flare Network, enables XRP holders to stake tokens, earn rewards, and benefit from on-chain security against hacks. Leveraging Flare’s FAssets framework, Firelight brings XRP deeper into DeFi, creating new yield opportunities while enhancing network resilience and capital efficiency.
Technical Insights
On the regulatory side, RLUSD’s approval for FSRA-licensed entities expands its presence in Abu Dhabi Global Market, positioning it as an attractive stablecoin option for regional banks and payment firms thanks to clear reserve transparency.
From a price perspective, XRP’s move above $2.197 broke the micro-range that contained trading during the prior session. The $2.17 floor remained well-defended, indicating strong demand, while funding rates surged over 120% in the last 24 hours, reflecting rising bullish conviction alongside increased leverage risk if momentum stalls.
XRP’s broader structure remains constructive, with an inside-day breakout, rising channel support from November lows, and a developing Power-of-3 pattern — accumulation, manipulation, and expansion. Price currently sits in the transition zone between the second and third phases, a stage often marked by increased volatility.
The breakout pushed XRP to $2.206, supported by rising hourly volume from 450K to 553K. Price held above $2.204 into the close, with $2.22 emerging as the next resistance level. Sustained upside now depends on maintaining support above $2.204 while avoiding deeper retests of the $2.17 demand zone.
Share this content:
