The price of XRP jumped by 9.67% over the last 24 hours to a level of $2.18 and is approaching the resistance of the 2.20 mark.
The daily trading increased to $5.13B, indicating a volume-to-market cap ratio of 3.98%, showing stable trading in the markets.
The $1.97 area proved sufficient support so far to keep the $2.50 goal at possibility should momentum hold.
XRP is showing a very strong move forward today, up 9.67% in the last 24 hours to come in at $2.18. The asset began the day trading just above the $2.00 mark, with a low at $2.0088. From there, the price of XRP has gone on to rise, breaking through important levels and nearly to the near-term resistance at $2.20.
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Market participants are eagerly watching whether the token will break past this resistance level to test the projected $2.50 target before the close of the day. Volumes stand at $5.13 billion, a modest 0.91% increase, reflecting sustained trader demand for the price action.
XRP Trades Above $2.00 as Support Holds
Following its temporary dip of about $2.00 in early morning trading, XRP recovered immediately. Price action was again in the green as it re-established the $2.05 level. The asset proceeded to gain with advancing momentum, breaking through middle resistance levels and recording a local high at about $2.18.
Source: CoinMarketCap
More importantly, XRP maintained this direction while still being significantly above its mentioned support level at $1.97. This region appears to be a good support base for further action. Market cap also saw a remarkable rise, now standing at $128.78 billion—9.67% up based on price appreciation.
Resistance Near $2.20 Remains in Focus
As XRP approached $2.18, it encountered mild resistance just before the $2.20 threshold. This level now serves as a short-term ceiling. Although momentum remains in favor of the bulls, the ability to push above $2.20 will be key.
With current price movement nearing this level, market participants are observing price stability to determine further upside potential. The full diluted valuation (FDV) now sits at $218.5 billion, with a total supply of 99.88 billion XRP tokens. These figures suggest traders continue to show interest at current levels.
Volume and Market Metrics Support Upward Movement
The overall engagement is not negligible, despite the relatively small growth of 0.91 percent in 24-hour trading volume. The volume-to-market ratio is 3.98%, indicating that the liquidity is steadily moving. The balance between the volume advance and the price increase signifies a conservative, nonetheless positive trend.
The XRP/BTC pairing is strong too, with XRP gaining 5.6% against the flagship cryptocurrency and settling at 0.00002075 BTC. The combination of these measurements can contribute to $XRP accelerating its rally beyond 2.20, in case the trend needs to be sustained.
