The price of XRP has surpassed a significant resistance area that is around $2.20, which indicates the possibility of an upward trend.
The volume of trading in the asset increased by 158.93% within 24 hours, which is a sign of great investor interest in a trend and momentum of movement.
In case XRP retains the value of over the $2.20 level and breaks the descending trendline, the march to the value between the minor range of $3.50 and the major range of $3.60 will be extremely likely.
The native token XRP of Ripple is once again on the map after making a significant rise and triggering purely bullish moods in the crypto sector. Following weeks of strong consolidation, XRP pushed through a significant resistance level as an impressive increase in trading volume and increased investor sentiment spurred growth. This momentum is being looked upon by market players as a possible change in trend, and the price behavior is indicating that there will be a trend reversal, and it will start with it.
According to World Of Charts, XRP has rallied with a notable proportion of more than 7% toward the $2.32 area, and it decisively broke a major consolidation area characterized by the horizontality of support-resistance flips around the $2.20 area. The chart indicates a bull breakout configuration, and XRP is testing a downward-sloping trendline that has limited its price rallies since the start of 2025.
The projected break above such a trendline by the path of the black arrows may take the price to an important break higher to the area of $3.50-3.60, and this would mark the signal of the renewed optimism of investors and a possible trend reversal in the course after months of flat price-lining. The bullish thesis has to be confirmed by traders amid a confirmed daily close above this key confluence area.
XRP Breaks Key Resistance at $2.20 Amid Surge in Trading Volume
XRP continues to show signs of strength, holding steady at $2.21 with a modest 0.75% gain over the last 24 hours.The market capitalization of the token has reached the figure of 130.55 billion, backed by the massive 158.93% trading volume gain, which also increased to 5.25 billion.
This volume spike reveals that investors are back into this trade, and the asset is gaining good momentum with the possible effects of general optimistic moods in the crypto industry in general and technical analyses of XRP being positioned above support zones. The price is characterized by choppy, though well-composed, ascent with intraday tops brushing against the mark of 2.30 and above, then losing steam.
The circulating supply of XRP is 58.88 B XRP with the current fully diluted valuation (FDV) of 221.72 B. This is an indication that the current price of XRP has the potential to expand further if any bullish trend is maintained. Intraday line indicates that we have a rally in the early afternoon, followed by profit-taking, but the price has consolidated with the main levels exceeding the important 2.20 price the price now may be used as a short-term support.
Provided that the volume does not decrease and the control over the market may be recovered by buyers, XRP may once again attempt to break above the new highs and confirm the bullish technical trends on the daily timeframe.
The post XRP Eyes Breakout as Price Rallies Past $2.20 with Volume Surge appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
