XRP extended its rally with a clean breakout above the $2.197 resistance level, signaling renewed bullish momentum as institutional accumulation returned at key support zones. Broader crypto market sentiment also strengthened following BlackRock’s reaffirmation of its commitment to real-world asset tokenization, lending additional support to risk assets.
Ecosystem Developments
In ecosystem news, Firelight, a new DeFi protocol developed by Sentora and backed by the Flare Network, launched a capital-efficient protection and yield layer for XRP holders. The platform allows users to stake XRP, earn rewards, and benefit from on-chain security against hacks. By leveraging Flare’s FAssets framework, Firelight integrates XRP more deeply into DeFi, creating new yield-generating opportunities for token holders.
Technical Analysis
Regulatory progress continues to bolster confidence. RLUSD’s approval for use by FSRA-licensed entities expands its presence in Abu Dhabi Global Market, positioning the stablecoin as an appealing option for regional banks and payment firms thanks to its transparent reserve structure.
On the charts, XRP’s push past $2.197 confirmed a clean break from the micro-range that had constrained price action in the prior session. Repeated defenses of the $2.17 channel floor indicate strong demand absorption at lower levels. This price action coincided with a spike in funding rates, which climbed more than 120% in the past 24 hours, reflecting rising bullish conviction but also highlighting increased leverage risk if momentum falters.
The broader market structure remains constructive. XRP is showing an inside-day breakout setup, supported by a rising channel from the November lows, and a developing Power-of-3 progression — accumulation, manipulation, and expansion. Currently, price sits in the transition zone between the second and third phases, where volatility typically begins to increase.
The breakout above $2.197 propelled XRP to $2.206, supported by a rise in hourly volume from 450K to 553K. Price stabilized above $2.204 into the close, with $2.22 emerging as the next key resistance level.
Intraday momentum remains positive, but sustained upside now depends on maintaining support above $2.204 while avoiding deeper tests of the $2.17 demand zone
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