$BTC Since recovering back to the important $2 mark in mid-April, Ripple's cross-border payment token has been stuck in a price range between $2 (serving as a psychological support level) and $2.26, the main resistance area that halted the bulls' breakout momentum at the end of last month.

Over the past 10 days, XRP has struggled to break free and escape this price range. On May 6, the bears attempted to pull the price below the $2 mark but failed. XRP remains solidly above the support area and is gradually bouncing back, creating a sustainable recovery momentum up to the present time.

This morning, XRP unexpectedly surged to an 11-day high at $2.33 before facing selling pressure and slightly retreating to the $2.3 price range, but more importantly, the price is still maintaining above the strong resistance level of $2.26. According to data from Bitcoin Magazine, as of the time of writing, this coin has increased nearly 2% in the past 24 hours and is currently trading around $2.34.