XRP surged 5.1% to $2.18, approaching the $2.20 resistance level with strong hourly candle formations.
Trading volume hit 46.376M XRP, while support at $2.07 held firm amid upward pressure.
XRP/BTC pair gained 4.5%, with the funding rate steady at 0.0153% as traders maintained long positions.
XRP has shown remarkable tenacity in the current trading session, making a considerable gain to reach $2.1817. The latest price momentum for the digital currency has been seen following the 5.1% increase in price in the last 24 hours. Such price action has put XRP under its immediate resistance level of $2.20, which is set to face a closely contested range.
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As of the most recent hour chart, buyers were still in control of keeping support in place, driving the token above significant intraday levels. Meanwhile, the volume of trading in the past 24 hours was 46.376 million XRP, providing strong support to the prevailing trend.
Price Movement Supported by Increasing Demand
The hourly chart reflects consistent bullish candles forming since late June 27, with a key shift occurring around the 20:00 mark. XRP moved past multiple short-term resistance levels before stabilizing near $2.18.
The current support sits at $2.07, which held firm through the most recent pullback. The asset remains within a defined trading range of $2.0648 to $2.1882 for the last 24 hours. Notably, XRP continues to trade well above its daily average, supported by growing volume and increased activity.
Volume and Price Dynamics Align with Market Behavior
Trading activity has aligned with the broader spike, showing tight consolidation before each leg upward. The 24-hour volume reaffirms intensified participation, indicating a lasting interest in traders on higher levels. In the meantime, the price is still trading near the 24-hour high of $2.1882.
With funding rates holding at 0.0153%, traders appear to be maintaining longer positions. The market price of $2.1821 remains marginally above the current spot, further indicating ongoing buyer interest.
Resistance Watch as Market Holds Near Highs
As XRP now sits just below resistance at $2.20, attention turns to its next price response. Short-term movements suggest further testing of the upper limit is likely. However, the $2.07 support remains critical in maintaining upward momentum.
Hourly candles are still closing higher, showing the ongoing bullish pressure within near term. The existing BTC pairing is 0.00002039, which shows a 4.5 percent increase. Traders remain focused on this narrow price zone as the session progresses.
The post XRP Climbs to $2.18 as Volume Builds, Resistance at $2.20 in Sight appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
