XRP Rockets to $2.55 on $10.7B Trading Frenzy—Are the Bulls Eyeing $2.70 Next?
XRP just punched through $2.55 as trading volume exploded to $10.7 billion—because nothing says ’healthy market’ like a 20% price swing before lunch.
The Liquidity Surge:
Whale-sized orders flooded the books, with Binance and Coinbase accounting for 40% of the action. Retail traders? Mostly just along for the ride.
The Technical Setup:
The daily chart shows a clean breakout above the 2024 high of $2.48. Next resistance? That’d be the $2.70 level where leverage longs tend to get liquidated.
The Elephant in the Room:
Ripple’s ongoing SEC lawsuit remains unresolved—because why let pesky legal uncertainties slow down a good old-fashioned crypto rally?
Trade Setup: Tight Risk, Clear Targets
For those looking to get in on the recovery, XRP/USD has a defined risk reward. The bounce from trendline and Fibonacci confluence gives the trade technical merit, and price action is showing buyers defending higher lows.
- Entry Zone: $2.52-$2.55
- Target 1: $2.62 (61.8% Fib)
- Target 2: $2.70 (swing high)
- Stop Loss: Below $2.47 (trendline and 38.2% Fib)
The MACD is starting to flatline after a dip, so selling pressure may be easing. A bullish MACD crossover or strong volume break above $2.56 WOULD be the confirmation for those waiting on the sidelines.
Market Outlook: Macro, Micro
XRP’s move up isn’t just a standalone event, it’s part of the broader altcoin rally driven by the Optimism in the market. Bitcoin’s breakout above $100K has brought risk back into the market and altcoins like XRP are benefiting from it. Meanwhile, Ripple’s institutional adoption and positive regulatory news are making XRP more attractive long term.
If XRP holds above $2.52 and clears $2.56 with conviction, the path to $2.70 gets more likely. Then we could see the bullish structure get more solid and open up for retail and institutional participation.So the chart is good as long as the trendline holds. Watch volume, MACD and $2.56 for the next move up.
