Ripple’s XRP saw a volatile 24 hours, bouncing from a low of $2.43 to a high of $2.64. Despite the turbulence, XRP now trades at $2.57, reflecting a 1.75% increase over the past day. The market cap stands at $149.35 billion, up 1.84%, signaling renewed investor interest.
Trading volume tells a different story, dropping 36.70% to $6.09 billion. This suggests fewer aggressive trades, possibly a sign of traders waiting for further price confirmation.
XRP’s Price Action and Market Behavior
XRP initially dipped to $2.43, marking its lowest point in 24 hours. However, strong buying interest pushed the price to $2.64, before settling around $2.57. The sharp recovery indicates bullish momentum, but resistance remains near the daily high.
24- hour price chart. Source: CoinMarketCap
Despite the positive movement, XRP remains far from its all-time high of $3.84 reached in January 2018. However, compared to its all-time low of $0.0028 in 2014, the token has skyrocketed +91,872.35% over the years, reinforcing its resilience.
Will XRP Sustain Its Uptrend?
With a circulating supply of 57.94 billion XRP, the asset maintains strong liquidity. The fully diluted valuation (FDV) of $257.73 billion reflects long-term confidence in the project. XRP’s 4.08% volume-to-market cap ratio shows decent activity, though the declining volume may indicate short-term consolidation.
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If buying pressure increases, XRP could aim for the $2.70-$2.80 range. However, if selling resumes, support at $2.50 may be tested. XRP has shown strength in rebounding from recent lows, but it faces hurdles before breaking out further.
Investors are watching key levels closely, with $2.64 as resistance and $2.50 as support. If momentum holds, a push beyond $2.70 could trigger a stronger rally. For now, XRP remains one of the market’s most-watched assets.
