XRP jumped 8% above the 2.10 resistance, and 182% volume burst, and a rising RSI cross. Network activity soars to multi-year highs as ascending triangle breaches to $2.40.
With high institutional purchases, XRP surged beyond the 2.10 mark. The action swept away vital opposition.
During the breakout, volume grew by 182%. The boom verified actual demand. Buyers crowded sellers at crucial price points.
The ledger network activity of Ripple hit a multi-year high of more than 40,000 account operations. Price momentum was confirmed by the network expansion. The improvement of regulatory clarity led to the acceleration of AMM positioning.
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Technical Signals Flash Historic Bullish Pattern
The weekly Stochastic RSI moved up out of oversold areas. This trend preceded other big rallies in the past. Crosses like these came before XRP increased by 600 percent in 2024.
The token was rising triangle for more than six months. The dips were higher than the preceding lows. Price bounced from $2.00, then $2.04, then $2.155.
It broke out at 15:00 GMT, and the volume was 200.5 million. This was the most active day. XRP printed new highs at $2.181.
What Support And Resistance Levels Matter Now
Ali Charts on X indicate that the major support is at $2.00. Under that level, there is the significance of $1.20. These areas determine the breakout framework.
Source : Ali Charts on X
The initial resistance was at the level of 2.17-2.18. A clearance paves the way to $2.33. Other analysts are targeting $2.40 as the next significant test.
The 2.00 to 1.98 range is structural support. Any close below this zone nullifies the breakout. This level is closely followed by traders.
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Volume Confirms Institutional Participation
Continued volume over one million per hour is an indication of actual accumulation. This minimizes the chances of pullback traps. There were several bursts that surpassed three million in size.
Consolidation occurred between 2.155 and 2.180. Trading in the later hours was accumulative as opposed to distributive. Buyers pushed through even resistance.
The rising triangle is alive. Multi-month breakout implications remain. Integrated with an increasing network activity, the arrangement proposes further bullish pressure.
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