XRP Recovers After Losses, Hits $2.18
XRP, the fourth-largest cryptocurrency by market capitalization, made a key reversal on Friday, recovering from a two-day slump. After finding strong support at $2.08, the token rallied to a high of $2.192 during Friday’s session and is now stabilizing around $2.18, marking a 2.18% increase over the past 24 hours.
This recovery offers some relief to XRP holders who were rattled by recent bearish pressure earlier in the week.
Trading Volume Falls Nearly 49% — A Red Flag?
Despite the price recovery, XRP’s trading volume has plunged 48.96% in the same 24-hour window, according to CoinMarketCap. Volume dropped to $1.76 billion, raising concerns about the strength and sustainability of the rally.
A rising price with declining volume often signals weak bullish momentum or temporary speculative buying.
If buying interest doesn’t pick up, analysts caution the current price move may struggle to hold, especially with resistance looming between $2.50 and $2.60.
Technicals: Death Cross Forms on Hourly, but Price Defies Signal
On the technical side, a “death cross” pattern recently formed on the hourly XRP/USD chart — where the 50-hour moving average crosses below the 200-hour MA. While traditionally bearish, XRP’s ability to rebound afterward suggests traders may be anticipating external catalysts to overpower the signal.
One such event is the anticipated XRP ETF decision, which could provide a much-needed volume boost if favorable.
Institutional Interest Grows: $300M Corporate Treasury Initiative
Fundamentally, XRP is gaining interest from large-scale investors. A recent SEC filing revealed China-based Webus International plans to establish a $300 million XRP-focused corporate treasury — a move that adds legitimacy to XRP as a utility asset for cross-border payments and financial infrastructure.
Such institutional initiatives could support long-term demand, especially if regulatory clarity continues to improve.
Outlook: A Critical Juncture for XRP
While XRP’s rebound to $2.18 is encouraging, the steep volume decline suggests cautious optimism. For bulls to reclaim control, watch for volume to pick up and a clean break above the $2.50 resistance level.
Until then, traders remain in wait-and-see mode — closely monitoring ETF developments and broader crypto sentiment for the next move.
