XRP Surges as Buyers Break Through Major Resistance Zones

XRP Eyes $2.40 as Bulls Seize Momentum and Smash Resistance Levels

Despite persistent global economic tensions, XRP is flexing its strength, breaking through significant resistance and laying the groundwork for a potential move toward the $2.40 mark.

Over the past 24 hours, XRP has rallied 3.6%, surging to an intraday high of $2.33 before settling near $2.25. Buyers took advantage of market volatility, decisively clearing resistance at $2.21 and carving out fresh support around $2.29, signaling renewed bullish conviction even amid brief pullbacks toward $2.23.

Market Context

Turbulence from ongoing U.S.-China trade disputes continues to weigh on risk assets broadly. However, XRP has demonstrated relative resilience, bolstered by confidence in its role as a cross-border settlement asset.

Diverging central bank policies and shifting interest rate expectations have driven investors into digital assets, with XRP enjoying increased trading volumes during major policy events.

Meanwhile, speculation over a potential spot XRP ETF and evidence of significant block trades on leading exchanges hint that institutional players are quietly accumulating positions ahead of possible regulatory developments.

Price Action Highlights

XRP traded within a 7.5% range, moving between $2.177 and $2.338, fueled by heavy buying during the 11:00–16:00 window that powered the breakout above $2.21.
A surge was met with profit-taking as prices retraced to $2.23 during the 22:00–23:00 session, with over 100 million units changing hands, establishing a temporary floor.
Bulls returned with force late in the session. A sharp move between 01:32 and 01:33 lifted XRP from $2.247 to $2.255 on 1.6 million units traded.
In the closing hours, a brief reversal broke the $2.250 support, forming a new support level around $2.246, with momentum holding firm.

Technical Outlook

Resistance flipped to support: The critical $2.21 level has been convincingly cleared, with the next major test coming at $2.30.
New support zone: Fresh support has solidified between $2.246 and $2.29, repeatedly tested on both the upside and downside.
Volume signals conviction: Significant volume spikes during both breakouts and pullbacks underscore strong interest from bulls and bears alike.
Targets: Price structure aligns with a Fibonacci extension from the day’s low, projecting a potential move toward $2.40 if current support zones hold.