Following a sharp drop over the weekend, XRP's price has shown significant recovery, rising to $2.18.
XRP Recovers After Decline
XRP's price fell to $1.90 on Sunday, marking a four-day sell-off. However, renewed buying interest was observed on Monday, leading to a price rise to $2.2 on Tuesday, followed by a short-term rejection.
Technical Indicators and Market Metrics
Despite the recent rise, technical indicators remain neutral. The Relative Strength Index (RSI) on the daily chart is near the midpoint, indicating no clear advantage for bulls or bears. The current XRP price is $2.18, with a minor drop of 0.6 percent in the last 24 hours. Trading volume has fallen by 45.22 percent to $2.79 billion.
Rippled Update and XRP Outlook
Ripple recently released the Rippled Version 2.5.0 update, adding support for batch transactions and implementing the Merkle Patricia Trie (MPT) structure. While the technical aspects of the update are impressive, it remains unclear how they will impact the market situation in the short term.
XRP shows uncertain prices, with support at $1.90 and resistance at $2.20. Investors are closely monitoring further movements in the market.
