Traders are watching if $2.50 holds as a new base, with sustained volume potentially pushing prices toward $2.70-$2.80.
XRP extended gains above the $2.50 mark on Thursday, breaking key resistance as volume surged 31% above weekly averages. The move came amid broader risk-on sentiment across crypto markets, with bitcoin climbing and traders rotating into high-cap tokens showing technically defined setups.
Traders are monitoring whether $2.50 holds as the new base — a level now regarded as the pivot for short-term trend confirmation. Exchange balance data shows XRP reserves down roughly 3.3% since early October, a historically bullish signal linked to whale accumulation phases.
Open interest has stabilized and funding rates remain neutral, leaving the move largely spot-driven. Sustained volume above 130 million through the weekend could validate continuation toward $2.70-$2.80, while fading participation may trap prices back inside the $2.40-$2.55 range.
