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.

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