#XRP's situation over the last 24 hours is quite intriguing. The token's price has stabilized, showing signs of a potential breakout, particularly around the $2.05 support level .

In terms of trading volume, Ripple's RLUSD stablecoin saw a massive 170% surge, driven by the EU's MiCA regulations and growing utility ². However, XRP's price experienced a 5% drop, trading at $2.08, despite a 64% increase in trading volume.

Looking ahead, market indicators remain predominantly bullish, with XRP's Open Interest reaching an all-time high of $2.47 billion ³. However, there's also a risk of a short-term pullback, especially if the token fails to break above the $2.73 resistance level .

DYOR before you inter in this situation