XRP is showing early signs of recovery following a notable surge in on-chain activity. The network processed over 1.6 million transactions in the last 24 hours, marking a sharp uptick from the subdued volumes seen through most of June.
This shift in transactional volume reflects growing trader interest as the asset attempts to break out of a prolonged consolidation phase. XRP is now approaching a price of 2.19, having spent time in the support zone of 2.10, which has remained solid since April.
The price action is now moving near a major area of resistance of between 2.25 and 2.30. Providing strength to this zone, the 50-day and 100-day exponential moving averages create a thin resistance band. The trend is already in the bullish area as XRP has already surpassed the 200 EMA, which indicates an improvement in short-term project sentiment.
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Momentum readings are starting to shift in favor of buyers, as the relative strength index (RSI) has also risen above 50, turning slightly bullish. Nevertheless, the market players are still very reserved since this shift is still without a sharp volume rise that is necessary to provide it with sustainable upside realization.
Resistance Levels Set the Tone for XRP’s Short-Term Trajectory
The area between $2.25 and $2.30 remains a critical zone to watch. This band has consistently rejected price advances in recent weeks and now represents the next immediate barrier for bulls.
If XRP can break above this area and maintain it, the focus will be on the price target of 2.40. That price has divided a very robust ceiling in May and is likely to be the next hurdle in the chart. A clean break above 2.40 would create an atmosphere for a movement to 2.50.
Source: Tradingview
To support such a development, volume, and transaction activity should maintain an accelerating pace. In the past, XRP has needed a robust on-chain pulse to penetrate the psychological levels. Although the most recent figures have shown an increased relational engagement with the network, more evidence is still required.
In spite of the developments, XRP continues to attract enduring selling pressure as it approaches resistance. Traders are expected to be keen on the volume flows and the action around the 2.25 area. Provided bulls resist pressure and protect gains, a wider move to the upside may be more likely.
Conclusion
XRP is attempting to reclaim lost momentum with rising network activity and strengthening price movement. The $2.25–$2.30 range stands as a key battleground. Sustained gains above this level could open the door for XRP to challenge $2.50 in the near term.
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