XRP Recovers From Intraday Dip, Signals Bullish Trend Holding Above Key Support

XRP Gains 6% After Steep Drop, Signals Bullish Momentum Above Key Support

XRP has bounced back 6% following a sharp intraday decline, forming an ascending channel that suggests renewed bullish sentiment as prices hold above critical support levels.

The token faced significant selling pressure, plunging over 6% to a low of $2.011 during the 21:00 hour. However, XRP quickly stabilized and began climbing again, establishing an upward trend. The asset is now holding above the $2.04 support zone, with traders watching resistance near $2.09 for signs of a breakout.

Market Overview

Overall sentiment in crypto markets remains cautious amid global geopolitical tensions and economic uncertainty.
Broader digital assets have experienced volatility due to shifting trade policies and macroeconomic shifts, leading to liquidations and profit-taking.
Despite the choppy market, XRP’s technical signals and on-chain metrics appear solid. Institutional interest, including speculation about a spot ETF and Ripple’s payment solutions, continues to support the asset’s outlook.
Analysts are closely watching whether XRP can maintain higher lows and challenge the $2.09 resistance level—a move that could trigger further gains if backed by strong volume.

Detailed Price Action

In the past 24 hours, XRP has traded within a range of 6.33%, dropping from $2.147 down to $2.011 amid heavy selling around the 21:00 hour. Trading volume surged during the drop, exceeding 163 million units, signaling intense market activity.

Following the decline, XRP gradually recovered, forming a higher low at $2.042 and pushing upward to $2.083. In the final hour of trading, the token climbed from $2.078 to $2.089, marking the session high on a significant 1.38 million volume spike at 06:20. Recent price movement has created a short-term ascending channel, with consecutive higher lows noted at $2.079, $2.082, and $2.083.

Technical Highlights

XRP traded in a 6.33% range between $2.147 and $2.011.
Heaviest selling occurred at 21:00, on volume exceeding 163 million units.
Higher low established at $2.042, suggesting buying interest returning.
Resistance is clustered around $2.089–$2.090, with support between $2.011 and $2.042.
XRP hit $2.089 in the final trading hour, fueled by 1.38 million units traded at 06:20.
Price action has formed an ascending channel, characterized by rising lows.
Buyers have consistently defended the $2.082–$2.083 zone on minor dips, indicating accumulation.
The MACD has flipped into positive territory, while the RSI sits at a neutral 54, leaving room for further upside if resistance levels give way.