XRP Holds Strong at $2.24: Is a Fresh Bull Run Brewing?

Ripple’s XRP is showing signs of resilience, holding its ground above $2.24 over the past 24 hours. As of now, XRP trades at $2.24, marking a modest but promising 0.31% gain on the day. While this uptick seems small, it’s the context that makes it interesting Ripple’s market cap now stands at a hefty $132.58 billion, also inching up by 0.31%.

Trading Volume Tells a Different Story

Interestingly, while the price edges up, the 24-hour trading volume dipped to $3.61 billion a notable 5.27% drop. This divergence hints that while traders remain cautiously optimistic, some are stepping back, possibly waiting for clearer signals before committing bigger bets.

Meanwhile, XRP’s fully diluted valuation (FDV) sits at $224.46 billion, showing there’s still a significant ceiling if momentum picks up. Zooming in on the chart, XRP opened the day near $2.2447 and quickly climbed, peaking around $2.31 before pulling back to its current range.

XRPUSDT Source: Tradingview

This suggests that XRP is repeatedly testing its short-term resistance levels but struggling to maintain upward momentum above $2.30. The tug-of-war between bulls and bears is evident as the price tries to consolidate gains without triggering heavy profit-taking.

Supply Metrics to Watch

XRP’s circulating supply is 59.06 billion out of a maximum 100 billion XRP tokens. This healthy supply cushion maintains stable tokenomics while leaving room for future growth and institutional adoption. The current supply dynamic, combined with a decent volume-to-market capitalisation ratio of 2.72%, reflects a balanced yet cautious market.

A glance at XRP’s historical extremes adds another layer of perspective. Its all-time high of $3.84 back in January 2018 feels like a distant dream, still sitting 41.55% above today’s level. Yet its all-time low of $0.002802 from July 2014 underlines the mind-boggling 80,031% growth since then. This is precisely why XRP remains one of the most watched altcoins the potential for explosive runs always lingers.

As Ripple continues to fight legal and regulatory battles, traders are closely eyeing the $2.30–$2.35 zone. Breaking that could unlock new bullish momentum. However, with declining volume, market participants should expect more sideways action before a breakout. For now, XRP stands its ground, leaving both optimists and skeptics leaning in.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.