XRP Holds Ground Amid Market Jitters, Sustains Key Technical Level Despite $4B Cap Dip
XRP has shown notable resilience in a volatile macro environment, managing to stay above its 50-day simple moving average despite a multibillion-dollar decline in market capitalization earlier in the session.
The asset’s market cap dropped from $137.5 billion to $133.39 billion before rebounding to $135.86 billion, reflecting continued investor caution amid global trade tensions and economic uncertainty.
Technically, XRP remains constructive. Its price held above the 50-day SMA at $2.26, signaling strength in the face of broader crypto market outflows.
Market and Technical Snapshot
- Price Range: XRP fluctuated between $2.275 and $2.356 over the past 24 hours — a 3.56% swing.
- Volume Support: A surge in volume to 71.18M at the $2.275 level around 01:00 highlighted buyer interest.
- Sideways Movement: The asset consolidated post-rebound, indicating a stable accumulation phase.
- Afternoon Breakout: Increased demand drove a second spike in volume to 74.36M at 13:00, pushing price toward the top of the range.
- Resistance Level: Sellers remain active near $2.355–$2.356.
- Buy Zone: Clear support formed between $2.275 and $2.290.
- Short-Term Action: A fast rally from $2.330 to $2.356 occurred between 13:08–13:18, backed by a 6.28M volume spike at 13:13.
- Pullback & Recovery: XRP briefly dipped to $2.324 before climbing back, suggesting strong market interest.
- Trend Outlook: A bullish channel pattern is emerging, marked by consistent higher lows.
Despite macroeconomic headwinds, XRP’s technical resilience and strong support levels could set the stage for a continuation of its upward trend — provided resistance near $2.356 is broken in coming sessions.
