- XRP outperformed ETH and BTC despite an 11.35% USD decline, showing relative strength in a bearish market.
- XRP’s transaction volume surged past $5B in a day, with wallet activity up 600%, indicating rising investor and institutional interest.
- XRP faces strong resistance at $3.00-$3.50 and key support at $2.00; price action depends on breaking resistance or holding support.
XRP has demonstrated resilience against Bitcoin (BTC) and Ethereum (ETH) over the past three months, according to data from CoinCodex. While its value in U.S. dollars has declined, XRP has gained against BTC and substantially outperformed ETH. Legal expert Bill Morgan noted that XRP’s post-U.S. election performance has remained strong despite Bitcoin’s recent decline.
XRP Gains Against ETH and BTC While USD Value Drops
Over the past three months, XRP’s trading performance has varied across different pairs. XRP/USD recorded an 11.35% decrease, a decline in value against the dollar.
However, XRP/BTC had an 8.06% increase, showing slight gains against Bitcoin. Notably, XRP/ETH surged by 72.41%, substantially outperforming Ethereum during this period.
This performance shows XRP’s relative strength despite a bearish broader market. While Bitcoin faced downward pressure, XRP showed resilience and even advanced against major digital assets.
XRP Activity Surges
Market activity surrounding XRP has intensified, with transaction volumes reaching significant highs. Analyst Scott Melker noted that XRP transfers exceeded $5 billion in a single day. Wallet activity surged over 600%, indicating substantial movement of funds across the network.
This increased activity suggests increased investor engagement and institutional interest. While XRP’s price is volatile, large transactions indicate strong market activity. Analysts suggest that growing transaction volumes could be important in future price movements as liquidity conditions shift.
XRP Resistance and Support Levels
XRP is trading in a critical zone, with strong liquidity influencing price movements. Heatmap data indicates a key resistance level between $3.00 and $3.50, where sell orders are concentrated. XRP has strong liquidity around the $2.00 mark acting as a support level.
According to analyst Dark Defender, institutional investors could be shifting funds from stock markets into crypto. He noted that XRP is testing its 20-week EMA support, a crucial level for price stability. Meanwhile, analyst Steph is Crypto observed that all XRP long positions were liquidated, suggesting increased market volatility.
Monitoring whether XRP can break above the $3.00 resistance or face rejection at higher levels is essential. If the price holds above $2.00, a potential rebound toward $2.50 or higher is possible. However, failure to reclaim higher levels could lead to bearish pressure in the near term.
