XRP Surges 7% Amid Market Volatility: Traders Eye $2.16 Resistance as Volume Hits $4.4B

XRPUSDT has experienced a notable price increase of 7.03% over the past 24 hours, rising from a 24h open of $2.0182 to a current Binance price of $2.1601. This rebound follows significant market-wide volatility driven by geopolitical tensions in the Middle East and large-scale leveraged liquidations across the crypto sector. Despite a broader weekly and monthly downtrend, the recent price surge is attributed to a technical recovery from sharp intraday lows, with traders closely monitoring resistance at the $2.09–$2.16 range for further momentum. Additional factors affecting sentiment include ongoing macroeconomic uncertainties and the unresolved Ripple v. SEC lawsuit, while rumors regarding US government seizure of Ripple’s XRP escrow have been officially denied. Market activity remains elevated, with 24h trading volume between $4.16 and $4.44 billion, and technical indicators showing high volatility, a neutral RSI (46), and a bearish MACD setup. Overall, XRP is trading in a high-liquidity environment, with its near-term direction hinging on both global events and regulatory developments.