XRP Surges Past $2.28—What’s Fueling the Bullish Breakout?
XRP is making waves again. In the last 24 hours, the price surged by 8.57%, hitting a local high of $2.3010 before settling around $2.2821. This rally comes with strong volume support—281M XRP traded, equivalent to $619.7M USDT, signaling renewed investor confidence.
From a technical standpoint, XRP is in a clear uptrend on the 1-hour chart. It has broken above all major moving averages:
MA(7): $2.2677
MA(25): $2.2070
MA(99): $2.1175
This alignment confirms strong bullish momentum. The surge began near $2.06, with consistent higher highs and higher lows backed by rising volume—classic signs of a healthy breakout.
What’s behind this rally? While no single catalyst stands out, market sentiment seems to be shifting as traders anticipate potential regulatory clarity and XRP’s expanding role in cross-border payments.
If the bullish momentum continues, XRP could retest the psychological resistance at $2.50 in the near term. However, traders should watch for volatility, especially near key resistance levels.
In Summary:
Trend: Bullish
Support Zone: ~$2.20
Next Resistance: $2.30–$2.50
Momentum: Strong with high volume
Keep your eyes on XRP—it’s heating up again.
