XRP has shown significant growth, surpassing the $2 mark following recent geopolitical developments that have caused market fluctuations.
XRP After a Sharp Increase
XRP recorded a 14% increase over the past 24 hours, returning to the $2 mark. The price surge followed the announcement of a ceasefire, which alleviated geopolitical tensions.
XRP Price Prediction for Next 24 Hours
| | | | | --- | --- | --- | | **Metric** | **Price (USD)** | **Reason** | | **24H High** | **$2.33** | Projected strong resistance level; target if bullish momentum continues. | **24H Low** | **$2.08** | Key support zone; losing this may break short-term bullish structure. | **24H Average Price** | **$2.20 – $2.23** | Estimated average based on recovery from $1.90 and current range movement.
Impact of Geopolitical Events on XRP Value
Recent geopolitical events resulted in a dip in XRP price to a monthly low of $1.90 before a swift recovery. XRP was able to bounce back to $2.18 with a 24-hour trading volume of $5.15 billion and a market capitalization of $129.08 billion. This indicates that investor panic was limited, as shown by an increase in whale transactions.
The short-term outlook for XRP remains positive, with expectations of a possible rise towards the resistance level at $2.33 in the next 24 hours.
