Key Insights:
- XRP rose over 10% in 24 hours, reclaiming the $2 level and surpassing BNB in market capitalization amid renewed crypto optimism.
- Trading volume for XRP soared 190% to $4.27 billion as open interest hit $3.61 billion, signaling rising speculative confidence.
- Technical analysis indicates XRP could break a downward trendline, with potential upside targets between $2.10 and $2.30.
XRP experienced a sharp price increase, rising over 10% in the last 24 hours to trade above $2. This marked a significant recovery, placing XRP ahead of Binance Coin (BNB) as the third-largest cryptocurrency by market capitalization. The broader market rally, led by Bitcoin surpassing $90,000 and Ethereum climbing above $3,000, played a central role in supporting XRP’s upward movement.
Trading Activity Sees 190% Spike
Investor confidence strengthened as XRP’s trading volume rose by 190%, reaching $4.27 billion. This increase in activity followed the price breakout, with market participants showing renewed interest in the asset. The surge also accompanied a 6% rise in open interest, now at approximately $3.61 billion, reflecting increased capital inflow into XRP derivatives.
According to a crypto analyst’s review of the 12-hour XRPUSDT chart, the asset is trading within a long-term descending channel. Price congestion near the lower trendline has suggested easing selling pressure. High-low formations are now emerging around major support levels, pointing to increasing buyer interest.
Resistance Levels Ahead for XRP Price
With XRP stabilizing above $2.00, attention turns to potential resistance points. The immediate level is $2.10, followed by $2.20 and $2.30 if upward momentum continues. The MACD indicator remains in a bullish position, with the MACD line staying above the signal line, supporting this outlook. However, the Relative Strength Index is approaching 68, indicating the market may experience short-term consolidation before another move.
In addition to spot trading, XRP derivatives activity also surged significantly. The total volume of XRP futures reached $6.86 billion, marking a 167% increase over the reporting period. The parallel growth in both volume and open interest often signals heightened speculative involvement and the potential for continued price movement.
Buyers Defend Key Support Level
XRP continues to hold above the recently broken support of $1.90, providing a solid base for buyers. If this support remains intact, analysts suggest XRP could maintain its upward path through January 2026. However, a break below $1.90 may briefly pull the price back toward $1.85 before recovery resumes.
