XRP experienced a 112% spike in trading volume in the past 24 hours, coinciding with a broader crypto market rebound during the early Thursday session. After dipping below its 50-day moving average and reaching a low of $2.07 earlier in the week, XRP rebounded, rising above $2.20 and recovering the daily SMA 50 level. This movement suggests growing buyer confidence and hints at a strengthened short-term outlook for the token.
Despite recent volatility, including a slide from late April highs of $2.36, XRP bulls prevented a drop below the $2.00 support. If XRP can sustain its upward trajectory and break through resistance at $2.60, analysts suggest it could rally to $3.00. If it fails and closes below $2.00, it may fall towards the $1.61–$1.72 support range. Currently, flat moving averages and a slightly positive RSI indicate that XRP may consolidate between $2.00 and $2.60 before its next decisive move.
