$XRP Surges as Trading Volume Hits Key Levels
XRP, the fourth largest cryptocurrency by market cap, posted a strong rebound today with a 4.55 percent increase, hinting at a potential end to its recent downtrend. The move comes as the token forms a bullish setup at the 1.85 USD support level, an area that has triggered multiple strong reversals in the past. The recovery follows a steep 29 percent decline during the broader market pullback, yet today’s price action shows renewed interest from traders and investors.
At the time of writing, XRP is trading around 2.03 USD, up 6.50 percent in the past 24 hours. Despite the price bounce, overall sentiment remains cautious. Trading volume has fallen by 52 percent to 3.65 billion USD, indicating that buyers are still waiting for clearer confirmation of trend reversal.
Technical analysis shows that XRP continues to trade below its 200-day EMA, a key indicator of long-term trend strength. However, the daily chart is forming a Morning Star pattern from the 1.85 USD support, suggesting that bullish momentum may be returning. Analysts also note that investors had previously accumulated 1.8 billion XRP around 1.75 USD, reinforcing this zone as an important support.
Momentum indicators are sending mixed signals. The ADX has climbed to 34.08, pointing to strong directional movement, while the CMF remains negative at -0.07, showing persistent selling pressure.
On-chain data from CryptoQuant reveals that Binance’s XRP reserves dropped by 3 million tokens, a sign of continued accumulation. Meanwhile, leveraged positions are building around 2.006 USD and 2.072 USD, marking key levels traders are watching in the short term.
$XRP
