#xrp In the last 24 hours, XRP has experienced notable growth. Its price has increased by around 7%, with some sources reporting an increase of up to 7.35%. This has made it one of the best performers among major altcoins.
The price of XRP peaked at over $2.32 before slightly retreating to approximately $2.30. The trading volume in 24 hours has also been significant, exceeding $3 billion, indicating strong interest from investors.
This recent bullish momentum is attributed to XRP breaking a descending price channel and regaining key technical levels, such as the 200-hour exponential moving average (EMA). Additionally, both short-term and long-term moving averages have shown a "golden cross," a strong bullish signal suggesting an acceleration of positive momentum.
Although there has been a significant rally, it is important to note that XRP still faces some resistances, with the next significant levels around $2.35 and $2.50.
In summary, in the last 24 hours, XRP has shown solid growth and strong trading volume, suggesting a bullish sentiment in the short term.