TLDR
- XRP price surged 66%, regaining $75B market value after a sharp crash.
- XRP’s trading volume jumped 35% as traders reposition for future gains.
- Stochastic RSI shows oversold conditions, hinting at potential price rally.
- Key resistance at $2.70-$2.96 crucial for XRP’s continued recovery.
XRP has made a remarkable recovery, surging 66% from its recent lows, regaining $75 billion in market value. After dipping to a 10-month low, the cryptocurrency has bounced back with strong momentum, triggering renewed optimism in the market. This rapid recovery comes as XRP breaks through key resistance levels and sees an uptick in trading volume, suggesting a potential bullish trend in the coming weeks.
XRP Rebounds After Major Price Drop
XRP’s price experienced a dramatic decline on Friday, falling to $1.58, a level not seen in nearly a year. This drop was attributed to broader market turmoil triggered by President Trump’s announcement of 100% tariffs on Chinese imports, which caused widespread panic across global markets, including cryptocurrencies. The news had a heavy impact on digital assets, with XRP taking the brunt of the market’s downturn.
Despite these challenges, XRP has managed to recover significantly. Within 48 hours, the cryptocurrency regained 66% of its losses, climbing to over $2.58 at its peak. This sharp rebound has not only restored its price but also revived the market cap, bringing XRP’s total value back to approximately $158 billion, a $75 billion recovery.
Surge in Trading Volume Indicates Strong Demand
One of the most telling signs of XRP’s rebound is the increase in its trading volume. Over the past 24 hours, XRP’s daily trading volume surged by 35%, reaching $11.5 billion. This increase suggests that traders are actively repositioning themselves, capitalizing on the dip and anticipating further gains. The rising volume reflects a growing demand for XRP as market participants react to the cryptocurrency’s price movements.
Alongside this surge in spot trading, the derivatives market has also seen notable activity. Open interest in XRP futures contracts increased by 7.6%, with trading volume in this sector rising by 44%. These figures point to heightened investor interest in XRP as traders take long positions, betting on further price appreciation in the near term.
Technical Indicators Suggest a Bullish Reversal
XRP’s recovery is supported by technical indicators, particularly the Stochastic RSI (Relative Strength Index), which is showing signs of an oversold condition. The Stochastic RSI, a momentum indicator used to identify potential reversals, has fallen to a level of 8 on the weekly chart, signaling that the cryptocurrency may be due for a bullish reversal. Historically, XRP has seen significant price increases when the Stochastic RSI reaches oversold levels.
This technical pattern suggests that XRP could experience further gains in the coming weeks. Analysts point to previous instances when oversold conditions in the Stochastic RSI preceded substantial price movements. For example, in 2024 and 2025, XRP saw price surges of over 400% and 90%, respectively, after similar technical signals.
Resistance Levels to Watch
As XRP continues its recovery, it now faces key resistance levels that traders are closely monitoring. The price range between $2.70 and $2.96 is expected to act as a significant hurdle. This zone has previously served as support, where millions of XRP were acquired, making it a critical area for price action. If XRP can break through this resistance zone, it could pave the way for further gains.
Additionally, the 50-day and 100-day simple moving averages sit near the $2.88-$2.95 range, reinforcing the importance of these resistance levels. If XRP can close above these levels on a weekly basis, it may signal that the current bullish momentum is sustainable.
XRP’s recent recovery shows that the cryptocurrency market remains volatile but resilient. While challenges persist, the strong rebound in XRP’s price and market value points to potential upside in the near future.
