XRP Surges Back Up With Bulls Guarding Key Price Level
XRP Defies Market Pressure, Stabilizes Above $2.26 Amid Volatile Capital Flows
In a market fraught with macroeconomic turbulence and geopolitical friction, XRP is standing firm. While many digital assets have faltered under the weight of global uncertainty, XRP has not only weathered sharp capital outflows but continues to maintain a bullish posture above a critical technical level.
The asset’s market cap experienced a swift $4 billion swing — dropping from $137.5 billion to $133.39 billion — before bouncing back to $135.86 billion. The rebound signals growing conviction among holders and hints at institutional support despite the noise in broader markets.
XRP’s ability to hold above its 50-day simple moving average (SMA) at $2.26 is key. This level has become a psychological and technical anchor, drawing dip-buyers each time it’s tested.
Technical Snapshot
- Range-Bound Movement: Over the last 24 hours, XRP fluctuated between $2.275 and $2.356, a 3.56% range.
- Early Defense: A heavy sell-off found immediate support at $2.275, where volume surged to 71.18M around 01:00, halting further declines.
- Accumulation Phase: Price action following the initial bounce showed healthy consolidation — a typical signal of strategic positioning.
- Renewed Momentum: At 13:00, buying resumed with volume peaking at 74.36M, pushing the asset toward session highs.
- Resistance Wall: Short-term resistance remains at the $2.355–$2.356 zone, which has capped multiple attempts higher.
- Solid Base: Repeated buyer interest was confirmed between $2.275 and $2.290 — now a well-defined support floor.
- Micro Rally: Between 13:08 and 13:18, XRP rallied from $2.330 to $2.356, backed by a critical 6.28M volume spike at 13:13.
- Pullback and Rebound: A modest dip to $2.324 around 13:51 was met with renewed buying, lifting price back toward $2.33.
- Emerging Trend: XRP is tracing a rising channel with higher lows — a classic setup indicating sustained bullish momentum.
While headwinds persist globally, XRP is quietly building strength. If bulls manage to push past the $2.356 resistance zone, the next leg up could materialize swiftly, fueled by both technical validation and renewed investor confidence.
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