- XRP is plotted above its long-term trend line, which proves a long-term bullish cycle and a great investor confidence and market activity.
- Trading volume surged 11.8% to $9.88B as XRP climbed 8.26% to $2.59, signaling accumulation and renewed market strength.
- The between levels of 2.45-2.50 support keeps XRP in the bullish formation as it keeps on pushing upwards towards the possible upside levels of around $2.70.
XRP remains in its bullish mode, holding above a critical long-term trend line that remains overriding the overall direction of the market. The asset has good trading volume and solid price action indicating a rebuilt investor confidence and structural resilience.
XRP Trades Above Key Long-Term Support
A recent long-term chart shared by analyst Ali (@ali_charts) presents a clear framework for interpreting XRP’s market behavior. His approach centers on the red trend line that separates bullish from bearish conditions — “below the red line = bearish, above the red line = bullish.This simple but steady model has been successful in various market cycles, and it has provided direction in a volatile market.
In 2019-2020, XRP remained in the red zone over a long period, which confirms a long bearish cycle with diminished momentum and low highs. Several recovery operations were unsuccessful in regaining the line, which indicated the lack of buying pressure. Nonetheless, an early 2021 breakout above it changed the tide decisively upwards in a steady rally thus regaining investor confidence.
By mid-2024, XRP re-trodden the line once more, this time surpassing the level of $2.00 at its first attempt in some years. The trend shift was then justified by a move that continued towards $3.70. Since then, the token has remained above this dynamic support, showing that buyers continue to defend the structure even through temporary retracements.
Market Activity Signals Renewed Strength
Recent performance data reinforces the validity of Ali’s framework. In the last 24 hours, XRP was up 8.26% to trade at $2.59, and its market capitalization has grown to $155.23 billion. Daily trading volumes were increased to 9.88 billion which represented a 11.8% increase and reflected a sustained involvement of market players. Active accumulation by traders looking to buy an additional upside is frequently indicated by such volume expansion.
Price movement from $2.38 to $2.50 formed a sharp breakout sequence, marking a clean transition out of the prior consolidation zone. This upward structure of higher highs and higher lows confirms that momentum remains under bullish control. The Volume-to-Market Cap ratio of 6.33% indicates robust liquidity turnover, reinforcing the market’s healthy participation level.
Technical analysis shows immediate support around $2.45–$2.50, where consolidation followed the surge. A secondary base at $2.37–$2.40 may serve as fallback support if short-term weakness develops. As long as XRP holds above these zones, upward potential toward $2.60–$2.70 remains open in the near term.
Market Sentiment Aligns with Bullish Framework
Market sentiment and technical commentary continue to align with Ali’s perspective. Other analysts like CryptoBull have echoed his long-term outlook about the trend line of XRP as a directional indicator and have observed that XRP breakout above structural resistance did offer the directional trend and still dictates the bullish trend of XRP. Their common perspective is that the trend line is now a basis of growth to continue to rise.
Social sentiment around XRP has also turned optimistic. Traders view corrections as opportunities to accumulate, supported by the asset’s consistent performance above the red line. This alignment between technical structure and investor behavior strengthens the long-term case for continued stability within the bullish phase.
With the ongoing consolidation, the red line is still a factor to be considered in the market. An extended close above it is an indication of continued buyer superiority and a confirmed breakdown would be alert of possible trend depletion. For now, XRP’s ability to maintain strength above this level reflects firm market conviction and adherence to the structural framework outlined by Ali.
