Ripple’s XRP ($2.46) has maintained an upward trajectory, holding firm above the $2.40 level. Over the past week, the token saw a 0.85% increase, reaching $2.43 at the latest update. Market sentiment remains cautiously bullish, with XRP’s market cap climbing to $140.76 billion.
Trading activity has surged, with 24-hour volume spiking 25.64% to $5.48 billion. This increase indicates growing investor interest, possibly driven by institutional demand and speculation about Ripple’s ongoing legal battle resolution.
Price Swings and Market Behavior
XRP’s price fluctuated between $2.35 and $2.49 in the last 24 hours, showing resilience at key support levels. Buyers continue to defend the $2.35 range, while resistance at $2.50 remains a major barrier. If bulls break this level, XRP could see a rapid climb toward new highs.
7-days price chart- source: CoinMarketCap
Despite the positive movement, XRP is still 36.3% below its all-time high of $3.84, recorded on January 4, 2018. However, compared to its all-time low of $0.002802 in 2014, XRP has skyrocketed by 87,227.3%, proving its long-term value appreciation.
Related article: XRP to $100? Analyst Predicts 41,393% Growth Potential!
Several factors contribute to XRP’s recent stability. Increased network adoption, ongoing Ripple partnerships, and market-wide optimism play key roles. Additionally, rising trading volume suggests growing confidence among investors.
With 57.76 billion XRP circulating out of the 100 billion total supply, liquidity remains strong. This ensures XRP’s ability to handle large trades without extreme price swings.
Can XRP Maintain Its Momentum?
Ripple’s XRP is holding above $2.40, but it needs to break through $2.50 for further gains. If bullish momentum continues, XRP could push toward $2.60 or higher in the short term. However, if sellers step in, the price could revisit support near $2.35.
Related article: Ripple Whales Drive XRP Surge Amid Market Recovery
Final Thoughts: XRP is showing strength, but a true breakout depends on whether buyers can sustain the rally.
If volume remains high and resistance breaks, a new rally could be on the horizon. Will XRP reclaim its past glory? The coming days will be crucial.
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