Global economic tensions and regulatory developments continue to influence the action of XRP prices, the digital asset showing remarkable resilience despite recent volatility.
After having experienced a significant drop at $ 2,307 over a high volume, XRP established an ascending trajectory with a higher series of stockings, suggesting continuous momentum when approaching resistance levels.
Technical indicators indicate a potential bullish break, several analysts highlighting critical support at $ 2.35 to $ 2.40 which must be maintained for upward continuation.
Strengths of technical analysis
- The price experienced a range of 3.76% ($ 2,307 to $ 2,396) over 24 hours with a net sale at 4:00 p.m., lowering $ 2,307 in high volume (77.9 m).
- Solid support emerged at $ 2.32 with buyers working during high volume periods, especially during recovery from 1:00 p.m. to 2:00 p.m.
- The asset has established an ascending trajectory, forming higher stockings, with resistance around $ 2.39 tested during the 07:00 session.
- During the last hour, XRP increased from $ 2,358 to $ 2,368, representing a gain of 0.42% with notable volume tips at 01:52 and 01:55.
- The price increased from resistance to $ 2.36 to reach $ 2,366, later establishing new local summits at $ 2,369 during the 02:03 session in substantial volume (539,987).
- Currently maintaining higher resistance to the level of support of $ 2,368 with decreasing volatility suggesting a potential continuation of the ascending trajectory.
Warning: This article was generated with AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy. This article may include information from external sources, which is listed below if necessary.
External references
