XRP has gained 11% in the last 24 hours, pushing past the $2 mark to reach $2.17 despite ongoing global instability stemming from military conflicts in the Middle East. This price movement comes after the token briefly fell below key support levels during a turbulent weekend. XRP is currently consolidating above $2.13 with newfound resistance at $2.06 after a significant volume-driven breakout.
Market reactions have been pronounced, particularly in light of geopolitical developments involving the U.S. and Israel. Analysts observed strong buying at the $1.97 mark, which triggered increased trading volumes and an upward trend that sought resistance near the $2.173 level. Some experts are projecting a possible rise towards $6 by month-end, while others caution that a pullback to around $1.55 could occur.
Despite mixed sentiments, data shows institutional interest remains strong, with rising open interest and substantial on-chain activity indicating accumulation rather than selling pressure. XRP's recent price action highlights a bullish trend, contingent on maintaining support in the $2.13 to $2.15 range.
For the latest trading session, XRP's price fluctuated from $1.967 to $2.173, illustrating a solid 10.5% range. With strong buyer activity around late session trading contributing to the price breakout, optimistic momentum appears to continue as long as the $2.13 level holds.
Market reactions have been pronounced, particularly in light of geopolitical developments involving the U.S. and Israel. Analysts observed strong buying at the $1.97 mark, which triggered increased trading volumes and an upward trend that sought resistance near the $2.173 level. Some experts are projecting a possible rise towards $6 by month-end, while others caution that a pullback to around $1.55 could occur.
Despite mixed sentiments, data shows institutional interest remains strong, with rising open interest and substantial on-chain activity indicating accumulation rather than selling pressure. XRP's recent price action highlights a bullish trend, contingent on maintaining support in the $2.13 to $2.15 range.
For the latest trading session, XRP's price fluctuated from $1.967 to $2.173, illustrating a solid 10.5% range. With strong buyer activity around late session trading contributing to the price breakout, optimistic momentum appears to continue as long as the $2.13 level holds.
