Summary of price dynamics:
#XRP increased by 2.36% over a 24-hour period from 03:00 on July 6 to 02:00 on July 7, rising from $2.21 to $2.26 amid confident buying.
● The breakout was defined by a sharp increase in trading volumes, peaking at over 67 million units during the hour of 10:00, when the price broke $2.28.
● The price movement recorded a daily maximum at $2.29, before a pullback and consolidation above the support level at $2.24–2.25.
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Technical analysis:
● The intraday range was $0.08 (3.62%), with key breakout moments at 08:00, 10:00, and 13:00 — each confirmed by volume above average.
● The $2.24–2.25 zone has established itself as strong support after bulls defended this area during the drop at 18:00.
● The $2.28–2.29 zone now acts as immediate resistance. A decisive breakout of this zone could open the way for growth towards $2.38 — a level that technical analysts are closely monitoring as the next significant trigger for a breakout.
● In the last 60 minutes of the session (July 7, 01:05–02:04), XRP sharply rose from $2.26 to $2.27, an increase of 2.29%, with momentum building at 01:30 and 02:01 — both marked by sharp spikes in volume.
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What traders are observing:
● A sustained close above $2.28 with volume confirmation could push XRP to the next target growth levels of $2.38, then $2.60–3.40 in continuation.
● Failure to hold support at $2.25 is likely to trigger a retest of the $2.21–2.22 demand zone.
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With the growing positive narrative around regulatory progress for Ripple and legal clarity for XRP, this asset remains one of the most structurally bullish tokens with large capitalization in the current macroeconomic environment.
