XRP has experienced a significant rise of 9.89%, reaching $2.59, driven by recent adoption news. Currently, it is trading at $2.52, reflecting a 7.42% increase in the last 24 hours. This surge indicates growing interest in XRP, highlighted by increased trading volumes and emerging technical patterns.
The market capitalization of XRP has climbed to $144.68 billion, also up by 7.42%. The trading volume in the past 24 hours has surged by 75.66%, reaching $8.89 billion, showing heightened trading activity. XRP’s fully diluted valuation (FDV) is at $251.66 billion, with a market cap ratio of 6.1%.
A significant number of short positions have been opened at $2.60, creating a critical liquidation zone. Market makers may target this level, which could lead to increased volatility. Traders are monitoring price movements closely around this threshold.
XRP’s chart presents mixed signals. Resistance is identified at $2.60, while immediate support is at $2.45. If XRP breaks above $2.60, it could rise towards $2.75. Conversely, if support fails, it may drop to $2.30.
The Relative Strength Index (RSI) is at 67.13, approaching the overbought territory.
