XRP extended its rally with a sharp push through $2.197 resistance, signaling renewed bullish momentum as institutional accumulation re-emerged at key levels.
- Broader crypto sentiment improved as BlackRock reiterated its support for real-world asset tokenization themes
- Firelight, a new DeFi protocol, allows XRP holders to stake tokens and earn rewards while providing on-chain protection against hacks.
- Built by Sentora and backed by Flare Network, Firelight introduces a capital-efficient layer of protection to improve DeFi resilience.
- The protocol uses Flare’s FAssets system to integrate XRP into DeFi, providing a new yield earning opportunity for XRP holders. Technical Analysis
- This achievement allows FSRA-licensed companies to use RLUSD for regulated activities, expanding their presence in the Middle East.
- The acceptance of RLUSD into ADGM highlights its role as a stable currency with clear reserve rules, attractive to banks and payments companies in the region.
Technical analysis
- XRP’s move above $2.197 confirms a clean break from the micro-range that contained price action for most of the previous session.
- Repeated defenses of the $2.17 channel floor illustrate the absorption of demand at lower levels. This activity occurred alongside high funding rates, which surged by more than 120% in the last 24 hours. While this reflects growing bullish conviction, it also signals increased leverage risk if the price fails to materialize.
- The broader structure remains intact: an inside-day breakout pattern, rising channel support from November lows, and a developing 3-power progression that suggests accumulation, manipulation, and expansion. XRP is currently in the transition zone between the second and third phases.
XRP traded between $2.19 and $2.20 for most of the session before a brief liquidity sweep sent the price up to $2.15 in the largest volume event of the day. Buyers immediately absorbed the move, pushing the token above $2.17 and maintaining higher lows with each subsequent retest.
The breakout of $2.197 triggered a sharp move towards $2.206, supported by hourly volume rising from 450,000 to 553,000. The price stabilized above $2.204 until the close, while $2.22 emerged as the next resistance level to breach.
Intraday momentum remained constructive, although continued upside now depends on maintaining the structure above $2.204 and avoiding further testing at $2.17.
• Micro-support at $2.204 is now the immediate pivot: holding above it keeps the breakout active.
• A break above $2.22 opens a direct continuation towards the $2.33 to $2.40 resistance band.
• The rejection at $2.22 combined with rising funding rates increases the risk of leverage.
• Losing $2.17 would bring attention back to the broader psychological level of $2.00.
• Volume confirmation remains key: sustained impressions above 600,000/hour would support another stage of expansion.
