XRP ON THE MOVE: V-Shaped Recovery Sparks Bullish Momentum — Eyes on $3.40!

XRP is gaining momentum once again! After a sharp dip to $2.30, XRP has staged a textbook V-shaped recovery, now hovering around $2.40. Strong institutional interest and high trading volumes have reinforced support levels, pushing bullish sentiment across the board.

Technical indicators suggest the next major resistance lies near $3.40, with analysts projecting possible upward targets between $3.33 and $5.86. Open interest has surged by 53%, now over $5 billion — a signal of rising market confidence.

XRP’s resilience in the face of market volatility is remarkable, and the formation of higher lows continues to support a positive trend.

Key Highlights:

Strong support at $2.32

V-shaped recovery pattern confirmed

0.78% 24hr gain ending at $2.3979 (May 18, 2025)

Resistance tested at $2.39

Volume spikes signal active accumulation

Note: This is not financial advice. Always do your own research.

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