XRP jumped 11% to nearly $2.40 on Monday, boosted by a surge in trading activity across Ripple-linked exchange-traded funds, as investors piled into the token amid renewed institutional interest.
XRP’s stalled breakout from consolidation raises caution among traders. Failure to clear resistance leaves momentum fading, with downside risks building if key supports give way amid weakening volumes and fragile sentiment.
Ripple’s XRP sits on a knife-edge as traders weigh a pullback toward $2 against a breakout to fresh highs. We examine momentum, liquidity, and regulatory headlines driving volatility in the days ahead.
In recent market shifts, XRP has faced downward pressure, testing crucial support at $2.20. As bearish sentiment lingers, traders are watching closely for potential rebounds or further declines amidst ongoing volatility.