Hey, crypto family! Did you see the drama that XRP put us through? From being down and hitting a low of USD 1.58 —yes, the scare was real—, it has made a blockbuster comeback and recovered a brutal 66% of that drop. 🚀 Literally, it added USD 75 billion to its market value. We're talking about an aggressive buy that leaves us with one very clear thing: traders with vision went wild buying.
To put it in context, last Friday the entire market went dark due to tariff news from the United States. XRP dropped, hitting its lowest point in ten months on Bitstamp. But, watch out!, the coin didn't just sit there crying. In the last 48 hours, it rose 13% and recouped 66% of those losses. It surpassed the 200-day Simple Moving Average again (that magic line that often acts as key support) and with that, market capitalization returned to USD 158 billion. Power! 💪
And how do we know this is serious? Super easy: the daily trading volume of XRP rose more than 35% in one day, and in the derivatives market, open interest (the number of contracts not closed) also grew by 7.6%. This translates to people not just buying, but betting heavily that the price will continue to rise. It's the clearest signal that they "bought the dip" (or buy the dip, as we say in slang) expecting a mega-rebound.
Now, the technical data that blows our minds: the Weekly Stochastic RSI (a key indicator to see if something is "oversold" or "overbought") is at 8. Historically, every time this indicator for XRP has fallen to such low levels, it has been the precursor to epic rises. We're talking about gains of 486% and 91% in the past. Analysts are shouting that USD 5 could be the next target if history repeats itself. 👀
But don't worry, there's still an obstacle: XRP faces significant resistance between USD 2.70 and USD 2.95. If it manages to break that zone, where many holders bought, it has a clear path to continue its bullish rally. A weekly close above its 2025 trend line would confirm that this altcoin remains "extremely bullish."
This recovery is not just numbers, it's the litmus test of confidence in XRP. It's the confirmation that there are strong hands ready to protect and push the price. Did you get on in time, or did you watch the opportunity pass?
