XRP is exhibiting significant upward momentum, approaching the critical $2.20 resistance level with strong trading volume and increased buying interest. A resilient support zone at $2.07 underpins the asset’s recent gains, absorbing selling pressure and fueling optimism for a bullish breakout.
The digital asset climbed 5.1% recently to trade near $2.18, putting significant pressure on the psychologically important $2.20 barrier. Market activity is robust, with substantial daily volume of 46.376 million XRP exchanged in the last 24-hour period, indicating active trader participation at these elevated price points.
Further reinforcing the positive sentiment are key technical indicators. The steady funding rate of 0.0153% reflects maintained bullish positioning within derivatives markets. Concurrently, the XRP/Bitcoin trading pair has gained 4.5%, highlighting XRP’s relative strength against the dominant cryptocurrency.
Traders and analysts are positioned to monitor the interaction between the crucial $2.20 resistance level and the established $2.07 support floor closely for decisive signals affirming the continuation of the current uptrend.