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XRP Rebounds to Mid-$2s After Flash Crash, Eyes Key $3 Breakout

Traders are watching for a clean close above $3.05 to validate momentum after a heavy-volume shakeout.

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.