Overview
- XRP reclaimed the $2.50 area and now faces near-term resistance at $2.60–$2.66 with $3.05 flagged as the decisive breakout level.
- The price snapped back from a flash low near $1.64, with intraday volatility near 41% and trading volumes roughly tripling the 30-day average.
- Over $150 million in XRP futures were liquidated as open interest fell about 6%, pointing to deleveraging during the move.
- Analysts highlight support around $2.40–$2.50 with large bids seen between $2.34 and $2.45, and they project $3.65–$4.00 if $3.05 is cleared.
- Commentary points to RLUSD integration and potential spot-ETF outcomes this month as possible catalysts, and some chartists liken the recent wick to 2017’s pre-rally setup.