XRP is holding its ground even as broader crypto markets remain jittery. The token saw a mild retreat of just over 1% in the past day, easing from recent local highs, yet its price structure remains firm, with buyers defending support around the $2.20 mark.
That resilience comes amid growing institutional interest in Ripple’s infrastructure and a series of bold regulatory moves that could significantly reshape its future. Ripple’s efforts to secure both a U.S. national banking charter and access to the Federal Reserve’s payment rails reflect its long-term ambition to bridge the crypto and traditional finance divide.
While global markets grapple with geopolitical tensions and investor caution, XRP’s technical outlook remains constructive. Analysts highlight the consistent formation of higher lows, suggesting a consolidation phase rather than a breakdown. Volume spikes at key support levels reinforce this bullish undercurrent.
Recent speculation over a potential XRP ETF and Ripple’s role in central bank digital currency (CBDC) pilots across more than 50 countries has added fuel to bullish projections, with some market watchers floating the possibility of a rally toward the $10 mark if momentum accelerates.
Trading activity over the last 24 hours shows moments of heavy selling, particularly during midday trading windows, followed by strong recoveries on above-average volume. The asset’s ability to bounce from intraday lows underscores its underlying strength in a market otherwise under pressure.
With regulatory clarity on the horizon and Ripple actively positioning itself as a serious player in cross-border payments, XRP’s price appears to be coiling for a potential breakout — provided broader market conditions align.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/xrp-holds-firm-above-2-20-is-a-bigger-move-coming/