XRP rose to $2.33 in the last 24 hours, breaking above its recent consolidation range and signalling growing bullish momentum.
The digital asset had earlier fluctuated between $2.264 and $2.319 as investors weighed global macro pressures.
Source: CoinMarketCap
However, renewed buying interest pushed the token past resistance, with $2.280 emerging as a strong base.
This move marks a key shift in market structure, as volume data continues to support a breakout narrative.
$2.280 confirmed as short-term support
XRP spent much of the previous session consolidating around the $2.273 to $2.280 zone, where repeated tests of lower levels were met with high-volume buying.
A notable 3.9 million units were exchanged during a 2.17% dip at 01:55 ET, when XRP dropped from $2.285 to $2.280, only to be swiftly bought back.
Earlier at 01:32 ET, the session’s peak volume of 1.8 million units had already confirmed strong buyer interest near the $2.280 mark.
This activity reinforces the zone as a reliable support area.
Traders appear confident accumulating near these levels, with market structure suggesting a shift from consolidation to potential upside continuation.
Since then, price action has moved steadily higher, culminating in a clean break above the $2.319 ceiling.
XRP clears $2.319 resistance, hits $2.33
The $2.319 level had acted as the upper boundary of XRP’s consolidation range, with multiple intraday rejections near $2.315.
These were seen during the 11th and 22nd hours of trading, both accompanied by elevated volume, indicating strong sell-side presence.
Breaking past this resistance was therefore key, and XRP’s advance to $2.33 suggests that buying strength has outpaced sellers for now.
Price movement in the current session shows sustained interest, with an ascending trendline continuing to hold.
The breakout over $2.319 may now turn this area into a support zone, with new resistance likely forming between $2.35 and $2.38.
Market focus shifts to momentum sustainability
While XRP’s upward move is backed by volume, traders are watching closely for confirmation. Indicators such as RSI remain neutral, while MACD has started to trend upwards.
These technical signals suggest that momentum is building but not yet overextended, leaving room for further gains if buying interest holds.
The broader environment remains cautious. Global trade tensions and diverging monetary policy across key economies continue to impact investor behaviour.
Even so, XRP’s ability to break out while the wider crypto market shows mixed performance may attract more speculative flows in the short term.
Consolidation zone turns into a launchpad
XRP’s price action over the past day demonstrates how accumulation at lower levels can fuel a breakout.
The former range between $2.264 and $2.319, once characterised by tight movement and neutral indicators, now appears to have served as a launchpad for further upward movement.
As of the latest trading data, XRP remains above $2.33 with signs of stabilising. If volumes continue to support the rally, traders may target $2.35 and beyond.
However, failure to hold above $2.319 could see the asset revisit the previous support at $2.280. For now, bulls appear in control, backed by a strong foundation and a decisive push past resistance.
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