XRP News Today: XRP Surges 7% Breaking $2.20 Resistance With 158.93% Volume Spike

XRP, the native token of Ripple, has recently surged past the significant resistance level of $2.20, indicating a potential upward trend. This price movement is accompanied by a substantial increase in trading volume, which rose by 158.93% within a 24-hour period. This surge in volume suggests a heightened level of investor interest and momentum in the asset's movement.

The price of XRP has rallied by more than 7%, reaching the $2.32 area. This breakout is significant as it decisively surpassed a major consolidation area around the $2.20 level, which had previously acted as a support-resistance flip. The chart configuration indicates a bullish breakout, with XRP testing a downward-sloping trendline that has limited its price rallies since the start of 2025.

If XRP maintains its value above the $2.20 level and breaks through the descending trendline, it is likely to march towards a value range between $3.50 and $3.60. This potential price movement would signal renewed investor optimism and a possible trend reversal after months of flat price action. However, for the bullish thesis to be confirmed, traders need to see a daily close above this key confluence area.

XRP's market capitalization has reached $130.55 billion, supported by the massive trading volume gain. This volume spike indicates that investors are returning to the trade, and the asset is gaining momentum. The price of XRP is characterized by a choppy but well-composed ascent, with intraday tops brushing against the $2.30 mark and above before losing steam.

The circulating supply of XRP is 58.88 billion, with a current fully diluted valuation (FDV) of $221.72 billion. This suggests that the current price of XRP has the potential to expand further if the bullish trend is maintained. The intraday line indicates a rally in the early afternoon, followed by profit-taking, but the price has consolidated with the main levels exceeding the important $2.20 price, which can now be used as short-term support.

Provided that the volume does not decrease and buyers regain control of the market, XRP may once again attempt to break above new highs and confirm the bullish technical trends on the daily timeframe. This potential breakout could signal a significant change in trend, with XRP poised for further gains in the coming days and weeks.