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- $XRP has improved 9.56% in 24 hours to $2.61 and has been on a great recovery after falling 13.1% last week.
- The support is at $2.37, which confirms the confidence of the market in the short term when buyers take the lead.
- Resistance at $2.64 remains a key test, with trading volume at 74.468 million $XRP, signaling active participation.
$XRP was experiencing an acute intraday gain and upgraded 9.56 percent in the past 24 hours to buy around $2.61. The action followed a turbulent week in which the token declined 13.1 on a seven-day stretch. Although the price was declining previously, $XRP seems to have gained momentum now, hitting an intraday high of $2.6206 and testing a minor resistance. The current recovery follows consistent short-term buying pressure seen across 15-minute intervals. This has positioned $XRP as one of the few large-cap tokens showing positive price action during the recent market fluctuations.
Momentum Strengthens Above Short-Term Support
The token’s rebound began after testing a firm support level around $2.37. Since then, sustained demand has lifted the price back toward its previous resistance area. Notably, the recent push above $2.60 suggests renewed liquidity in $XRP’s trading range.
According to the market data, the volume of $XRP traded within 24 hours is 74.468 million which implies that more active traders are involved. The increasing activity highlights the importance of the $2.37 zone as a pivot point that is important in sustaining the rising trend.
Key Resistance and Short-Term Outlook
At the current price of $2.6156, $XRP is below its set resistance mark of $2.64. The next catalyst can potentially be led by the way the token reacts near this level. Rejection could translate to an expected retest of the $2.37 support area, while momentum above $2.64 can guarantee its intraday rally. Notably, the 24-hour range of $2.3592 and $2.6206 suggests a narrow volatility band, which may likely drive the next market.
Market Behavior and Broader Implications
The rates of funding are stable at 0.0168 percent, which indicates a balanced leverage environment among derivatives traders. The intense green candles in the shorter periods however indicate the increased activity of buyers.
Every attempt to support the resistance of $2.64 proves that buyers are active despite the loss of the week. Therefore, the short-term trend of $XRP will turn out to be based on the ability of bulls to retain the positions of more than $2.60, which will be one of the most important zones of price defining the market tone in the near future.