Victoria Bazir
The crypto market saw a significant jump in XRP, which climbed to $2.6156, marking a 9.56% gain over the past day. The move caught traders' attention as the token pushed through key resistance levels with solid volume backing the rally. This surge has brought XRP (Ripple) back into the conversation, with speculation building around whether it can hold above the $2.60 threshold and push higher.
Chart Analysis: XRP Extends Gains
STEPH IS CRYPTO noted the strong upward push on the 15-minute chart, where XRP rallied from a 24-hour low of $2.3592 to a high of $2.6206.
The move was characterized by aggressive green candles with minimal pullbacks, suggesting strong buying pressure. Key support sits at $2.35, while immediate resistance is now at $2.62 - the intraday peak. Trading volumes hit 74.47 million XRP over the last 24 hours, confirming genuine interest behind the price action rather than a low-volume pump.
Why XRP Is Rallying
The sudden surge appears to stem from a mix of factors: renewed optimism across crypto markets is lifting high-liquidity altcoins, while XRP's technical setup - breaking decisively above recent resistance - triggered momentum buying. There's also a liquidity rotation happening as traders move capital from larger assets like Bitcoin into XRP for its higher volatility potential. The combination of these elements created the perfect storm for this rally.
Victoria Bazir
