Key takeaways
- XRP, Ripple’s native token, has risen nearly 8% in the past 24 hours and is trading above $2.18.
- After breaking the $2.15 resistance level, the coin could continue its climb toward $2.33.
XRP rebounds in a favorable market environment
XRP, the native token of the Ripple ecosystem, is among the top-performing cryptocurrencies in the top 10 by market capitalization. It has gained nearly 8% in the last 24 hours and is approaching the $2.20 milestone.
This rally occurred after an announcement of a ceasefire between Israel and Iran made on Monday by President Trump. Analysts are optimistic that XRP could surge to new highs if it can decisively overcome the $2.15 resistance level in the short term.
With solid fundamentals, XRP aims for $2.33
XRP’s recent performance is supported by both strong fundamentals and bullish technical signals. A move to $2.19 a few hours ago came with volume of approximately $217 million—about three times the recent average—helping to establish $2.06 as a solid support level.
The 4-hour XRP/USD chart has turned bullish on this sustained upward momentum. The MACD lines have crossed into positive territory, indicating that buyers are currently in control of the market.
The Relative Strength Index (RSI) sits near 62, which also points to strong buying pressure. Given these technical indicators, XRP could be pushed toward the next resistance level at $2.33 in the coming hours.
If the bullish trend continues, XRP may target the internal 4-hour liquidity level around $3.0064. A prolonged advance could even see XRP revisit the $3.20 area, a level not seen since January 2025. However, much of any extended rally may depend on ongoing events in the Middle East.
Should the ceasefire between the two countries hold, XRP and other major cryptocurrencies could see further upside. Conversely, if the situation reverses, XRP could face a deeper correction and risk falling below $2 again.