XRP Holds Firm Near Key Support Levels Amid Ripple and XRPL Developments

According to CoinDesk’s AI-powered analysis, XRP is consolidating around critical support points despite ongoing global uncertainties.

XRP (XRP) traded within a tight range over the past 24 hours, fluctuating between $2.27 and $2.32. Market sentiment remains cautious as global trade tensions persist alongside divergent central bank policies.

The token showed notable resilience amid broader market swings, with strong buying interest emerging around key support zones.

Market Drivers

• Ripple’s recent regulatory victories in Dubai and progress on stablecoin projects like RLUSD continue to bolster fundamentals, although investor caution remains amid volatile macro conditions.
• Institutional adoption expands as Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) product launches on the XRP Ledger (XRPL), enhancing access to tokenized real-world assets.
• Digital Commercial Paper (DCP), backed by U.S. Treasuries and managed via Guggenheim Treasury Services on the Zeconomy platform, is now live on XRPL. This innovation offers flexible maturities up to 397 days, improving liquidity and efficiency.

Price Activity

XRP’s price oscillated between $2.264 and $2.319, marking a 2.37% range that reflects ongoing market uncertainty. A high-volume support zone formed between $2.273 and $2.280, where buyers consistently stepped in to defend the price despite tests of lower levels.

Resistance was observed at $2.315, where XRP faced price rejections twice, accompanied by above-average trading volume.

In the last hour of the trading session, XRP dropped sharply by 2.17%, falling from $2.285 to $2.280. However, this dip was met with strong buying volume of 3.9 million tokens, reinforcing support at $2.280.

The highest volume of the session, 1.8 million units, occurred at 01:32, underscoring robust buyer interest near the lower boundary. An upward-sloping support trendline suggests short-term stabilization, with traders closely watching for a potential breakout if XRP can overcome resistance at $2.315.

Technical Summary

• Trading range of $2.264 to $2.319, a 2.37% spread.
• Solid support established between $2.273 and $2.280 with steady buyer presence.
• Resistance identified at $2.315, where price faced multiple rejections on strong volume.
• XRP closed near $2.284, signaling consolidation within the range.
• A sharp 2.17% intraday drop at 01:55 was met with increased buying.
• Peak session volume of 1.8 million tokens confirmed buying interest at lower levels.
• Ascending trendline indicates potential for stabilization and breakout if resistance breaks.