$XRP price jumped 6.8% in one hour, surging to $3.03 amid speculation of JP rate cuts and strong trader momentum.
One explosive hourly candle just changed the entire XRP conversation. While most traders were watching the sideways action, XRP decided to remind everyone why it's still one of the most unpredictable movers in crypto. Here's what just went down.
โจXRP Price Explodes Above $3 in Dramatic Fashion
XRP absolutely crushed it in the past hour, rocketing 6.83% from $2.84 to $3.03 in what can only be described as a classic crypto power move. Trading volume exploded to 1.19M XRP as buyers came out of nowhere to push the price through multiple resistance levels.
This wasn't just some random pump either. Trader @RealAllinCrypto pointed out that the surge aligns perfectly with growing speculation around Japanese rate cuts, which could flood the market with fresh liquidity for risk assets like crypto. When central bank policy shifts, smart money often positions earlyโand that's exactly what we might be seeing here.
What makes this move even more impressive is how XRP bounced back from what looked like boring sideways action. One minute it was grinding around $2.84, the next it's testing the psychological $3.00 barrier like it owns the place.
โจCritical XRP Levels Could Determine Next Big Move
Right now, XRP is sitting pretty above the $2.90 resistance it just smashed through, and the $3.00 psychological level is holding as support. If this momentum keeps rolling, traders are eyeing $3.08 as the next target, with potential for even higher moves if volume stays strong.
But here's the thing with explosive hourly candlesโthey can go both ways fast. If buyers lose steam, XRP has immediate support back at $2.84, with a deeper safety net around $2.78 if things get ugly.
The next few trading sessions are going to be crucial. Strong hourly moves like this either kickstart sustained rallies or set up sharp pullbacks when profit-takers show up. Either way, XRP just proved it's far from done making waves in this market.
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