$XRP is back in action—and bulls are charging ahead.
After a sharp drop to $2.307, XRP has rebounded in textbook fashion with a V-shaped recovery, catching the attention of institutional buyers. Strong support has formed at the $2.32 level, and now, all eyes are on the next target: $3.40.
🔍 What’s Happening With XRP?
📈 V-Shaped Recovery: XRP quickly bounced from its recent lows, forming a classic bullish pattern. According to CoinDesk Research, buyers stepped in fast and hard, especially during high-volume sessions.
💼 Institutions Join In: Open interest has surged by 53% to $5.06 billion, a strong signal that big players are betting on further upside.
🔮 Price Targets: Analysts are pointing to $3.33–$5.86 as the next stop if the momentum holds. But the key is maintaining support around $2.35–$2.40.
🌍 Macro Influence: Global economic tensions and regulatory headlines still cast a shadow, but XRP is showing remarkable resilience.
📊 Technical Highlights (Last 24 Hours)
$XRP dipped to $2.307 on heavy volume but quickly recovered.
Strong buyer support kicked in at $2.32, helping XRP form a new upward trend.
Price tested and bounced off $2.39 resistance during early morning hours.
Notable gains in the last hour: from $2.358 to $2.368 (+0.42%) with multiple volume spikes.
$XRP hit a local high of $2.369, and is now holding strong above $2.368 with low volatility.
🧠 What It Means
This isn’t just another bounce—it could be the start of something bigger. With growing institutional interest, increasing volume, and a strong recovery structure, XRP might be gearing up for a breakout.
But keep a close eye on support levels. If $2.35-$2.40 holds, we could be looking at the next leg up.