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**XRP (XRP) Price: Token Rallies 11% Despite Global Market Tensions**
In a surprising turn of events, the price of XRP has surged an impressive 11% in just 24 hours, reclaiming the $2 mark amid growing global market tensions. This dramatic uptrend defies expectations given the current market climate.
The rally is attributed to strong volume support and a bullish technical structure, with the token moving from $1.967 to a high of $2.173 during the session. The cryptocurrency’s price action saw a decisive breakout at 22:00 UTC, accompanied by an astonishing 217 million in trading volume, nearly three times the average.
While it remains uncertain whether this momentum can be sustained, analysts are divided on potential targets. Some predict a run to potentially $6 by the end of the month, whereas others warn that a 25% correction toward $1.55 may occur if the token fails to clear the resistance at $2.180.
Institutional players have remained active in XRP trading, with futures open interest and volume elevated compared to recent averages. On-chain flows suggest accumulation patterns are taking place over distribution. The hourly MACD for XRP/USD is losing pace in the bullish zone while RSI remains above 50 levels.
Source: coincentral.com
