Ripple (XRP) has shown slight bullish momentum over the past 24 hours, rising 0.37% to trade around $2.51. This follows a relatively stable session marked by tight price fluctuations between $2.39 and $2.53, reflecting a cautious yet resilient market sentiment.
Despite the mild uptick, XRP’s trading volume fell by 13.8% to $5.27 billion, suggesting that the recent gains came with reduced market activity. The cryptocurrency’s market capitalization now stands at $150.54 billion, with a fully diluted valuation (FDV) of $250.83 billion.
XRP Rebounds Strongly After Testing $2.40 Support
XRP started the trading day slightly above $2.49 but dipped toward the $2.40 zone in the late hours of October 30. However, buyers quickly regained control, pushing prices back above $2.51 by midday. The rebound near the lower support level shows that traders are continuing to defend XRP against further downside pressure.
24-houur price chart Source: CoinMarketCap
The 24-hour chart reveals a notable dip followed by a gradual recovery, reflecting the market’s mixed sentiment. Still, XRP’s ability to stay above $2.51 hints at underlying strength despite reduced momentum.
Ripple Eyes $2.53 Resistance Amid Renewed Bullish Momentum
Ripple’s latest performance reflects a steady market tone with bulls quietly reclaiming short-term control. A decisive break above $2.53 could open the door to stronger upward momentum, while a slip below $2.40 might trigger renewed selling pressure.
For now, XRP remains one of the most watched digital assets as traders anticipate whether its next breakout could finally challenge its multi-year resistance.
Related article: XRP Price Surges 2.26%—Is a Breakout Above $2.70 Coming?
While XRP’s current value of $2.51 is still 34.77% below its all-time high of $3.84 recorded on January 4, 2018, the broader picture remains impressive. From its all-time low of $0.002802 in July 2014, the token has surged an astonishing 89,329%, showcasing its historical resilience and long-term investor confidence.
With 60.01 billion XRP in circulation out of a maximum supply of 100 billion, Ripple’s token maintains a solid liquidity base, supported by nearly 486,000 holders worldwide.
