XRP Reclaims $2 Level After Sharp Sell-Off, Futures Volume Hits $4B
0The Ripple-related token bounced back from a $1.91 low as institutional momentum builds and ETF developments heat up.
XRP is showing strong resilience in the face of escalating global economic pressures, bouncing back from a steep correction to reclaim the key $2.00 support level. The token traded within a 6.5% range over the past 24 hours, bottoming out at $1.91 before climbing to a high of $2.04. A sharp V-shaped recovery pattern has emerged, with increasing volume suggesting accumulation following the dip.
News Background
Price ActionXRP rebounded from a low of $1.912 to a high of $2.040, forming a consolidation pattern around the $2.000 mark.
A V-shaped recovery began near $1.913, with the $2.020 level emerging as high-volume resistance during hours 22–23.
The $2.000 area remains a key pivot zone, with near-term resistance at $2.003 and volume-backed support at $1.989.
Price action in the final hours showed narrowing volatility — a potential sign of further consolidation or breakout prep.
Technical Analysis Recap
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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https://www.coindesk.com/markets/2025/06/23/xrp-reclaims-2-level-after-sharp-sell-off-futures-volume-hits-4b
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