NEWS
XRP Market Update: Support at $2.38 Holds Firm as Resistance Looms at $2.50
XRP is trading at $2.41, with an intraday range of $2.38 to $2.52, a market cap of $137.70 billion, and a 24-hour trading volume of $8.77 billion, highlighting a phase of consolidation.
XRP
On the 1-hour chart, XRP shows a short-term downtrend following a retreat from a local high of $2.531 to its current level near $2.41. The price is stabilizing in the $2.38–$2.40 range, which acts as a key support zone, while resistance looms at $2.48–$2.50. Reduced trading volume after a recent decline suggests diminished selling pressure and possible consolidation. Traders may consider entering near support if accompanied by rising volume, targeting the $2.50 level.
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