Ripple’s XRP ($2.02) has been on an upward trajectory, climbing 2.62% in the last 24 hours to $2.45. With a market cap of $142.96 billion, the cryptocurrency continues to gain investor confidence. The 24-hour trading volume surged by an impressive 66.92%, reaching $2.9 billion. This spike in activity suggests heightened market interest and increased buying pressure.

Strong Market Performance

XRP’s price fluctuated between $2.39 and $2.47, showing strong support and resistance levels. Its fully diluted valuation (FDV) now stands at $245.62 billion, reflecting future growth expectations. 

24-hour price chart. Source: CoinMarketCap

The total supply remains at 99.98 billion XRP, with a circulating supply of 58.15 billion tokens. Despite its current rally, XRP is still down 36.07% from its all-time high of $3.84 in January 2018. However, it remains far above its all-time low of $0.002802 recorded in 2014. 

Related article: XRP Skyrockets 7% in a Week: Can It Keep The Momentum?

The cryptocurrency’s resilience in the market suggests a potential retest of previous highs, provided bullish momentum continues.

Can XRP Sustain the Rally?

Technical indicators show steady growth, with XRP trading near the $2.45 level. The candlestick chart reveals a consistent uptrend since late 2024, with intermittent corrections. 

Related article: XRP Struggles to Hold Gains as Long Traders Face 102% Liquidation Imbalance

If buying pressure remains strong, XRP could push toward the psychological $3 mark. Conversely, a drop below $2.39 might trigger short-term pullbacks. XRP’s recent surge has reignited optimism among investors. With rising volume and positive momentum, the cryptocurrency could be on track for further gains. 

However, market volatility remains a key factor. Traders should watch for key resistance levels while anticipating potential corrections.

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