XRP News Today: XRP Surges 12% to $2.19 Amid Geopolitical Tensions

XRP, the native token of Ripple, experienced a significant price jump of 12%, reaching $2.19. This surge comes after a period of volatility in the crypto market, triggered by geopolitical tensions between Iran and Israel. The token had previously dipped below the $2 mark, with trading volume surging over 40% in just 24 hours as investors adjusted their positions.

XRP had shown strong performance at the start of the year, climbing near its previous highs in January. This upward trend was fueled by legal victories against the U.S. Securities and Exchange Commission (SEC) and Ripple's expanding partnerships. However, the recent selloff due to geopolitical tensions disrupted this trajectory, causing the token to briefly fall to $1.91 before recovering.

Despite the recent volatility, XRP is now facing a critical resistance level around $2.28. Analyst Dark Defender has flagged this as a potential danger zone, suggesting that the token is gearing up for a significant move. According to his analysis, XRP is on the verge of breaking out of a descending triangle pattern, which often signals a substantial price shift. The token has been holding steady around the $2 mark, but this stability is expected to be short-lived.

Dark Defender's analysis indicates that XRP is maintaining a cup pattern, which typically hints at an upcoming rally. Additionally, the Ichimoku Clouds, a popular technical indicator, are showing bullish signs. These factors, combined with the recent price surge, suggest that XRP is poised for further gains. However, investors should remain cautious as the token approaches key resistance levels.