XRP +137.73% in 24 Hours Amid Volatile Short-Term Movement

On SEP 2 2025, XRP rose by 137.73% within 24 hours to reach $2.8541, marking a sharp rebound despite a broader 571.06% drop over the past week. Over the month, the asset posted a 76.74% increase, and over the year, it surged by 3423.88%. The recent price movement has sparked renewed interest in the cryptocurrency, with market participants analyzing the underlying catalysts and assessing whether the sharp intraday gain reflects a potential reversal or a temporary bounce in an otherwise bearish trend.

The sharp 24-hour gain comes amid a complex mix of market sentiment and macroeconomic factors. Analysts have noted that XRP's price behavior has shown increased divergence from broader crypto benchmarks, possibly due to specific events affecting the XRP ledger or institutional activity. The 24-hour rally did not correspond to any major regulatory developments or ecosystem announcements, suggesting that the movement could be driven by algorithmic trading or high-frequency arbitrage strategies exploiting market imbalances.

Technical indicators have been volatile across multiple timeframes. The 200-day moving average continues to act as a critical benchmark, currently positioned at a level that indicates a long-term bullish trend, despite the recent 7-day decline. The RSI has shown a notable rebound, moving into the overbought territory, a signal that might suggest either a strong uptrend or an imminent pullback. On the other hand, the MACD has shown divergence in its histogram, hinting at potential exhaustion in the current momentum. These mixed signals make it difficult to draw a definitive conclusion about the near-term trajectory of XRP.