XRP recorded a 3% increase over the last 24 hours, going from $2.157 to $2.222, as rising geopolitical tensions create uncertainty in markets. This uptick is linked to strong technical indicators and vibrant on-chain activity, with more than 500 million XRP being transacted within a single day. The escalating trade disputes among major economies have placed traditional payment systems under scrutiny, allowing XRP's reputation for fast and low-cost international transactions to gain traction among both retail and institutional investors. Notably, Ripple's RLUSD stablecoin has been granted regulatory approval by Dubai's financial authorities, enhancing its operational scope in the Dubai International Financial Centre.
CoinDesk's technical analysis indicates XRP is trending upward, breaking through significant resistance at $2.190 on notable volume spikes exceeding 55 million during key trading hours. The support level appears to hold firm around $2.192 to $2.195, indicating healthy price consolidation following a brief dip below $2.225. In a strong finish, XRP surged from $2.194 to $2.199, alongside a remarkable volume spike at 08:01 that saw over 5 million tokens traded, almost ten times the hourly average. With a series of consecutive price increases and growing trading volume, the outlook for XRP remains positive, with potential for movement towards the $2.225 resistance level.
CoinDesk's technical analysis indicates XRP is trending upward, breaking through significant resistance at $2.190 on notable volume spikes exceeding 55 million during key trading hours. The support level appears to hold firm around $2.192 to $2.195, indicating healthy price consolidation following a brief dip below $2.225. In a strong finish, XRP surged from $2.194 to $2.199, alongside a remarkable volume spike at 08:01 that saw over 5 million tokens traded, almost ten times the hourly average. With a series of consecutive price increases and growing trading volume, the outlook for XRP remains positive, with potential for movement towards the $2.225 resistance level.
