- XRP rallies 6.77%, with volume soaring 160.25%, signaling strong bullish momentum.
- Breaking and holding $2.35 resistance is crucial for XRP’s continued price strength.
- Ripple’s $1.25B Hidden Road acquisition could boost XRP’s institutional adoption.
XRP is currently drawing significant attention after its latest market performance. The cryptocurrency has surged 6.77% over the past 24 hours, reaching a trading price of $2.33.
This rise marks a clear uptrend, reinforced by a massive 160.25% increase in its daily trading volume, now standing at $5.31 billion. With a market capitalization of $136.2 billion and a circulating supply of 58.44 billion XRP, the token remains a heavyweight in the digital asset landscape.
Price Movements and Key Support Levels
The price action for XRP throughout the past day has been notably bullish. Initially, the token experienced a sharp spike to $2.18, establishing a strong support base. Following minor pullbacks and consolidations, XRP steadily climbed higher, peaking just above $2.35 before stabilizing around $2.33.
Key support levels have now been identified at $2.18 and $2.25, both formed during important consolidation periods. Meanwhile, the immediate resistance lies at $2.35, marking the highest point reached during the recent rally.
Consequently, holding above the $2.35 level will be vital for sustaining bullish momentum. Should XRP successfully break and stay above this resistance, it could pave the way for further price appreciation. However, failure to maintain this breakout may invite selling pressure, pushing the token back toward its established support zones.
Future Outlook and Ripple’s Strategic Expansion
Despite the recent rally, forecasts suggest a potential cooling-off period for XRP. Coincodex analysts predict the cryptocurrency may trade between $1.858 and $1.893 by December 2025.
If this prediction holds, it would reflect a 19.62% decline from current prices. However, this correction could present buying opportunities, offering potential profits of nearly 18.70% for investors betting on longer-term rebounds.
Besides market speculation, Ripple Labs continues to strengthen XRP’s ecosystem. The $1.25 billion acquisition of Hidden Road positions Ripple to broaden XRP’s financial utility, particularly in prime brokerage services. Additionally, the expanded access to institutional networks may help drive future demand for XRP, significantly countering short-term market volatility.
