- XRP rose from $2.22 to $2.53, showing over 12% intraday growth and strengthening demand.
- Breakout above $2.70 may open the path to $2.90 if buyers maintain control.
- On-chain data shows XRP leaving exchanges, signaling accumulation by larger holders.
XRP is showing renewed strength after rebounding from recent lows. The cryptocurrency has climbed from $2.22 to around $2.53, reflecting increasing dip-buying interest. Traders are now focused on whether XRP can break above $2.70, a price level that has capped gains in past rallies.
XRP Price Holds Gains as Buyers Step In
XRP has posted a firm rebound after dipping to $2.22, rising to the $2.53 level in recent trading. The recovery suggests renewed short-term demand. The price strength is backed by increased volume on green candles, which indicates that the move was driven by actual buyers rather than short covering.
On-chain data from CoinGlass confirms this trend, with more tokens moving off exchanges. This suggests long-term accumulation by larger wallet holders. The daily On-Balance Volume (OBV) indicator also shows a positive trend, supporting the current move.
The broader crypto market has remained stable, and this may have helped XRP sustain its recent momentum. Liquidity conditions for XRP have remained moderate. It still ranks among the top crypto assets by market capitalization.
Next Price Levels to Watch Are $2.60 and $2.70
Traders are now focused on the $2.60 to $2.70 range, which has blocked previous rallies. If XRP moves past this area with volume, analysts expect a test of the $2.80 to $2.90 zone. A successful break above $2.70 could signal a continued short-term uptrend.
According to technical charts, XRP needs to stay above the $2.45–$2.48 support area. This is where short-term moving averages are beginning to align. The short-term Supertrend remains bullish as long as the price stays above $2.47.
However, there are still risks. A drop below $2.45 could pull the price back to $2.35 or lower. Traders remain cautious, as the broader structure on weekly and monthly charts is still weak.
Whale Accumulation and Market Sentiment May Support XRP
XRP’s recovery appears to be supported by inflows from larger holders. Wallet activity has increased, and network participation is also rising. More new addresses and active accounts have been recorded, which may reflect improving investor confidence.
Still, broader market trends could influence XRP’s next move. If Bitcoin’s dominance increases or macro conditions turn weaker, XRP may struggle to maintain gains. Short-term traders are watching key levels closely to see if current momentum can hold.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
