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XRP has demonstrated remarkable strength, climbing from $1.93 to $2.24 (a 13.7% range) over the range of the analyzed period.
The price action formed a clear uptrend with higher lows and higher highs, establishing strong support at $2.08.
Volume significantly increased during key breakouts, particularly during the April 12th surge when XRP broke above $2.07 resistance with 240M volume.
The 48-hour Fibonacci extension suggests potential targets at $2.28 and $2.35.
The current consolidation between $2.13-$2.16 appears to be forming a bull flag pattern.
Recent price action shows resilience, with buyers consistently stepping in at dips, indicating sustained bullish sentiment.
In the last 100 minutes, XRP continued its bullish momentum with a notable 0.77% gain from $2.143 to $2.160.
A significant breakout occurred at 10:42 when the price surged through $2.153 resistance with elevated volume.
The price action has formed an ascending channel with support at $2.148 and resistance at $2.160.
Volume spikes during upward movements confirm buyer conviction, particularly during the 11:07 and 11:31 surges when volume exceeded 1.4M and 2.2M, respectively.
XRP surges 13.7% from $1.93 to $2.24, establishing strong support at $2.08 with significant volume backing key breakouts.
Technical analysis shows XRP forming a bull flag pattern with potential targets at $2.28 and $2.35 based on Fibonacci extensions.
Crypto analyst EGRAG CRYPTO identifies a rare bullish cross between the 55-week EMA and 155-week MA, suggesting potential for massive price growth similar to the 958% rally following the same signal in 2017.
XRP jumped 13%, while CoinDesk20–an index for broader digital assets market–rose 8.3%.
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