According to CoinMarketCap data, XRP’s 24-hour trading volume has surged by nearly 140%, hitting $10.51 billion, while the token’s price continues to hold strong in positive territory.
While XRP maintained its bullish stance and saw trading volume skyrocket, the broader crypto market didn’t share the same momentum. Data from CoinGlass reveals that the overall cryptocurrency market experienced over $606 million in liquidations in the past 24 hours. This sharp wave of liquidations appears to be driven by profit-taking following the weekend’s rally across multiple crypto assets.
Ripple’s native token XRP has posted a steady performance over the past 24 hours, maintaining strength above $2.50 following a recent breakout. As of May 13, 2025, XRP trades at $2.5462, reflecting modest gains of +0.09% on the daily chart. However, beneath the calm surface lies a technically significant development, XRP has successfully reclaimed and is trading above all major exponential moving averages (EMAs), which could support further upside in the near term.
XRP Price Action: Stability After Breakout
After consolidating between $2.00 and $2.30 for most of April, XRP recently broke above this range and surged to a new local high of $2.5676. This move cleared multiple resistance levels and now places the token in a potential continuation zone.
Over the past day, XRP has remained above this breakout level, indicating a healthy retest and consolidation rather than a sharp reversal. The fact that the price is steadily above $2.50—a key psychological threshold, further confirms bullish momentum and market confidence.
Technical Indicators Show Bullish Structure
The exponential moving averages on the daily chart paint a favourable picture for bulls. XRP currently trades above its 20-day EMA at $2.2928, the 50-day EMA at $2.2472, the 100-day EMA at $2.2381, and the 200-day EMA at $2.0233.
This alignment signals strength across multiple timeframes, suggesting that XRP is firmly within an uptrend. Each EMA now serves as support, particularly the 20-day EMA, which could catch any near-term pullbacks. The bullish structure remains intact as long as XRP continues trading above this cluster of EMAs.
Resistance and Support Zones to Watch
Immediate resistance lies at the $2.90 level, followed by the psychological $3.00 mark. Should XRP manage to break above this range with convincing volume, a move toward the $3.3745 zone could unfold. This level represents a key historical high from earlier in the year.
On the downside, key support resides at $2.30, near the EMA cluster. A failure to hold this zone could see XRP drop toward $2.02, where the 200-day EMA provides the next buffer. The major support area remains at $1.72, which previously marked the base of a larger rally.
Related article: XRP Rally Could Just Be the Beginning, Top Trader Warns
Conclusion: XRP Prepares for the Next Move
XRP’s 24-hour chart reflects a healthy higher-level consolidation, backed by favourable technical indicators and strong EMA alignment. Holding above $2.50 while staying comfortably above all major EMAs suggests that bulls remain firmly in control.
If XRP breaks above $2.90, it could pave the way for a retest of $3.00 and possibly a run toward $3.37. However, a consolidation phase between $2.30 and $2.90 could develop if resistance proves too strong.
