XRP Rebounds from $1.92, but Low Volume Threatens Rally Sustainability
XRP has staged a strong rebound after dipping to the $1.92 support level, tapping into a key liquidity zone. The recovery pushed the price back above several key levels, offering a temporary boost after a multi-day correction.
The $1.92 area, located just below the value area low of XRP’s current trading range, attracted substantial liquidity. This influx helped spark an impulsive bounce, driving XRP above the point of control and toward the $2.09 level—now acting as a crucial short-term support.
However, despite the technical recovery, weak trading volume raises concerns. Without solid buying interest to defend the $2.09 zone, XRP’s rally could lose steam and risk becoming another short-lived upswing.