๐จ XRP Sees Massive $12B Inflow in 24 Hours โ Price Surges Above $2 ๐
In a stunning reversal, XRP rallied sharply on June 23, rebounding from an intraday low of $1.96 to a high of $2.24, before stabilizing around $2.17 by June 24. Thatโs a 7.27% daily gain and, more impressively, a 10.5% jump in market cap โ from $115.99B to $128.18B, peaking briefly near $129.80B.
> Thatโs over $12 billion in capital inflow in less than a day. ๐ฐ
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๐ Volume Tells a Different Story
Surprisingly, spot trading volume dipped by 2.64%, down to $4.98B, suggesting the rally may be driven more by aggressive buying through thin liquidity than widespread accumulation.
The volume-to-market cap ratio sits at 3.87%, relatively low considering the price move โ a possible sign of order book imbalances or algo-driven volatility plays.
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๐ Technical Breakdown
โ $2 psychological barrier reclaimed
โ 4H 20-EMA breakout confirmed
โ RSI above 60 โ bullish but not yet overbought
โ Testing and briefly breaking the Fib 61.8% retracement (~$2.20)
XRP is attempting to regain momentum within the rising channel structure thatโs been in place since mid-May. A decisive close above $2.20 could open up a move toward $2.42, aligning with both horizontal resistance and the upper Bollinger Band on the daily chart.
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๐ฎ Whatโs Next?
If bulls hold current levels, the next target is clear: $2.42.
But keep an eye on volume โ sustained upside needs broader participation to confirm trend strength.
