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Ripple’s XRP price has seen a notable surge above $2.30 before correcting back to current levels around $2.32. The recent price action indicates that the token holds support levels, and traders are still monitoring both the IPO speculation and technical resistance zones.
The cryptocurrency formed a base above $2.120 before starting its upward move, successfully breaking through resistance levels at $2.180 and $2.20 before reaching the $2.327 high. The current price action demonstrates that Ripple holds key support levels while traders keep an eye on both the IPO speculation and technical resistance zones.
XRP’s trading volume reached a staggering $5.70 billion in 24 hours, with the token posting a gain of 5.83% over the same period, indicating renewed interest in Ripple due to IPO rumors.
Source: coincentral.com
