$XRP made a powerful comeback on June 23, rebounding sharply from a low of $1.96 and hitting a session peak of $2.24. By June 24, the token was holding steady near $2.17.
This bounce represents a solid 7.27% daily gain. But more impressively, XRP’s market cap jumped by around 10.5%, skyrocketing from $115.99 billion to $128.18 billion—briefly touching $129.80 billion during the intraday spike.
📊 XRP Market Cap 1-Day Chart – CoinMarketCap
Despite this huge $12.19 billion capital inflow, trading volume actually dipped 2.64% to $4.98 billion. That drop hints the price surge may have been driven by aggressive buyers in a relatively thin market, rather than widespread buying interest.
Currently, the volume-to-market cap ratio is just 3.87%. That’s considered low for this level of price movement—possibly signaling the impact of large-scale trading bots or imbalanced order books capitalizing on volatility.
📈 XRP Technical Outlook
Technically speaking, XRP has broken through the key $2 mark—a level that previously acted as strong resistance. On the 4-hour chart, the price also climbed above the 20-period EMA. The RSI has pushed past 60, signaling bullish momentum but still staying out of the overbought zone, suggesting room for more upside without immediate risk of a correction.