thenewscrypto.com
- XRP surged 9.89% to $2.59, trading at $2.52 with a market cap of $144.68B.
- CMF indicates strong inflows, pointing to sustained demand for XRP.
XRP has risen by 9.89% to hit $2.59, fueled by recent adoption news. The cryptocurrency is currently trading at $2.52, up 7.42% in the last 24 hours. Market activity highlights a growing interest in XRP, with increased trading volumes and new technical patterns emerging.
XRP’s market cap has grown to $144.68 billion, marking a 7.42% increase. The 24-hour trading volume soared by 75.66% to $8.89 billion, indicating heightened buying and selling activity. XRP’s fully diluted valuation (FDV) stands at $251.66 billion, with a market cap ratio of 6.1%.
A large number of short positions opened at $2.60 have created a key liquidation zone. Market makers may target these levels, leading to potential volatility. Traders are closely watching for price reactions around this threshold.
Key Technical Indicators for XRP
XRP’s chart suggests mixed signals. Resistance is at $2.60, with immediate support at $2.45. A break above $2.60 could push the price toward $2.75. If the support level breaks, XRP might test $2.30.
The Relative Strength Index (RSI) is at 67.13, nearing the overbought zone. The RSI average is at 56.33, signaling bullish momentum but caution against overextension. Moving averages on the chart also indicate upward pressure. A bullish crossover occurred recently, supporting the ongoing rally.
The Chaikin Money Flow (CMF) is at 0.22, reflecting strong capital inflows into XRP. This suggests continued demand and confidence from traders. Moving averages show positive trends, but upcoming price levels will determine whether the rally sustains.
Technical indicators imply that XRP could face short-term resistance but maintain an upward trajectory. If the bullish momentum continues, the token might reclaim higher levels above $2.60. However, RSI levels near the overbought zone warn of potential corrections.