XRP News Today: XRP Surges 20% to $2.80 on Strong Volume and Bullish Momentum

XRP has experienced a significant surge in price, reaching just below the $2.80 mark after breaking out from a prolonged compression structure. This rally has been driven by strong volume and momentum indicators, which continue to favor the bulls. The price action on the 1-day chart shows a decisive breakout from a multi-month symmetrical triangle, with strong bullish candles lifting the token to an intraday high of $2.84 before retreating to current levels near $2.77. The breakout has flipped key resistance zones into support, particularly around $2.45–$2.50, and the BOS (break of structure) level on the Smart Money Concepts chart confirms a shift in momentum.

On the 4-hour chart, XRP remains well above all major EMAs, with the 20 EMA sitting at $2.61 and the EMA cluster trailing far below. Bollinger Bands are expanding, and XRP is hugging the upper band, indicating continued volatility and potential for another impulse leg. The reason behind the price increase lies in both structural breakout confirmation and aggressive derivatives participation. Daily volume has surged, and open interest has climbed, indicating heightened speculative interest. Long/short ratios remain heavily skewed, signaling that dominant flow remains long-biased. On-chain structure also supports this move.

The MFI (Money Flow Index) stands at 85.6 on the 4-hour chart, confirming strong capital inflows. Meanwhile, the Chande Momentum Oscillator (ChandeMO) is trending upward above 35.0, indicating sustained bullish force. However, on the 30-minute chart, early signs of cooling are emerging. RSI has dropped to 46.6 from overbought levels, and MACD has printed a bearish crossover. These shifts suggest temporary exhaustion, but not a full reversal yet.

The 4-hour Supertrend indicator remains bullish with a support trail at $2.56. Price continues to print above this level, with no trend-flip signals present. DMI (Directional Movement Index) further supports this bias, with the +DI above 68 and leading the -DI by a wide margin, while ADX confirms trend strength above 35. Bollinger Bands are stretched on both the 4-hour and daily charts. With the upper band near $2.90 and price repeatedly testing that ceiling, a breakout above this level could quickly send XRP toward $3.10. However, failure to hold above $2.75 might trigger a minor retracement toward $2.61–$2.64.

As long as XRP price remains above $2.61, the broader trend structure remains intact. A clean breakout above $2.84 with volume could target the next resistance zone between $3.00–$3.12. Beyond that, $3.34 remains the next historical resistance from the January high. On the downside, initial support lies at $2.61 followed by the breakout base near $2.45. If price dips below $2.45, it may retest $2.28 and invalidate short-term bullish momentum. With strong volume, stacked EMAs, bullish DMI, and favorable derivatives data, the near-term bias remains bullish. However, short-term consolidation or a minor dip remains possible before the next leg up.