XRP Surges Above $2 as Breakout Signals Strong Trader Participation
XRP surged to $2.02 after breaking through $1.96 on strong volume, signaling participation by larger traders.
The breakout flipped $1.96 from resistance into support, establishing a near-term zone around $2.01–$2.03 with $2.00 acting as a key psychological level and $1.96 as a critical line.
Over 24 hours, XRP rose 8.7% from $1.8766 to $2.0227; momentum intensified around 17:00 UTC with volume of 154.4 million, about 142% above the session average.
If XRP can hold above $2.00, traders expect a second leg higher toward $2.03–$2.05; failure to hold may trigger a retest of $1.96.
A dip from $2.031 to $2.023 was mild (approximately 0.4%), suggesting controlled digestion and preservation of the breakout.
The breakout's validity hinges on holding the $2.01–$2.03 zone and the $2.00 level; losing these could indicate a breakout without follow-through and a return to the prior range.
Contextually, XRP has struggled to stay above $2.00 in recent sessions with $1.96 acting as a recurring decision point as large-cap altcoins re-engage.
