“Maintaining support above $2.204 is crucial for continued upward movement, while a break above $2.22 could lead to further gains.”, — write: www.coindesk.com
(CoinDesk Data)
- XRP broke through the $2,197 resistance, signaling renewed bullish momentum with institutional buying at key levels.
- Volume spiked significantly during a liquidity sweep, indicating professional participation and improved broader crypto sentiment.
- Maintaining support above $2.204 is crucial for continued upward movement, while a break above $2.22 could lead to further gains.
News Background
- Broader crypto sentiment improved as BlackRock reiterated support for real-world asset tokenization themes
- Firelight, a new DeFi protocol, allows XRP holders to stake tokens and earn rewards while providing onchain protection against hacks.
- Built by Sentora and backed by Flare Network, Firelight introduces a capital-efficient protection layer to enhance DeFi’s resilience.
- The protocol uses Flare’s FAssets system to integrate XRP into DeFi, offering a new yield-earning opportunity for XRP holders. Technical Analysis
- The achievement allows FSRA-licensed firms to use RLUSD for regulated activities, expanding its presence in the Middle East.
- RLUSD’s acceptance in ADGM highlights its role as a stablecoin with clear reserve rules, appealing to banks and payment firms in the region.
Technical Analysis
- XRP’s move above $2.197 confirms a clean break of the micro-range that contained price action for most of the previous session.
- Repeated defenses of the $2.17 channel floor illustrate demand absorption at lower levels. This activity occurred alongside elevated funding rates, which climbed more than 120% over the past 24 hours. While this reflects growing bullish conviction, it also signals rising leverage risk should price fail to follow through.
- The broader structure remains intact: an intra-day breakout setup, rising channel support from November lows, and a developing Power-of-3 progression that suggests accumulation, manipulation, and expansion. XRP currently sits in the transition zone between the second and third phases.
Price Action SummaryXRP traded between $2.19 and $2.20 for most of the session before a brief liquidity sweep drove the price to $2.15 during the largest volume event of the day. Buyers immediately absorbed the move, pushing the token back above $2.17 and maintaining higher lows on every subsequent retest.
The breakout through $2,197 triggered a clean move to $2,206, supported by hourly volume rising from 450K to 553K. The price stabilized above $2.204 into the close while $2.22 emerged as the next resistance level to clear.
Intraday momentum remained constructive, although upside continuation now depends on maintaining structure above $2.204 and avoiding deeper tests of $2.17.
What Traders Should Know• The $2,204 micro-support is now the immediate pivot — holding above it keeps the breakout active
• A break above $2.22 opens direct continuation towards the $2.33–$2.40 resistance band
• Rejection at $2.22 combined with rising funding rates increases the risk of a leverage flush
• Losing $2.17 would shift focus back to the broader $2.00 psychological level
• Volume confirmation remains key — sustained prints above 600K/hour would support another expansion leg
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- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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