Overview
- XRP jumped about 8.7% to roughly $2.02, with a decisive breakout through $1.96 on a 142% volume surge that established a $2.01–$2.03 support pocket.
- Earlier reports showed buyers defending high‑time‑frame Fibonacci zones, reclaiming the 0.5 level near $1.88 and stabilizing above the 0.618 area around $1.74.
- Short‑term structure features a 4‑hour ascending triangle and an RSI near 60, with some analysts treating $2.30 as a technical reference if confirmations build rather than as a target.
- Caution persists after a first close below the 200‑day simple moving average in more than 400 days, with downside levels around $1.45, $1.10, and $0.69 flagged if a breakdown resumes.
- The 21‑month EMA remains the macro decision area, with analysts looking for clean retests, stronger volume, and higher‑time‑frame closes as validation while a recent $1 billion token unlock adds supply pressure.