XRP Market Snapshot

 

Current price: ~$2.32 (up ~0.08% over the last 24 hours)

Intraday range: $2.14 to $2.33

Support & Resistance Levels

Immediate support:

$2.09–2.10 (near 200-day EMA)

$2.05–2.07 (previous rebound zone)

Resistance zones:

$2.30–2.33 (short-term ceiling)

$2.50 (medium-term, breakout target)

Technical structure:

Recently broke out of an ascending triangle with confirmed higher lows, targeting $2.30 next and possibly $2.50 in the short-term

Resistance at $2.25 is crucial—reclaiming it could open path to $2.36+

Fresh News & Project Updates

$200K grants in Japan: Ripple has launched a new grant program (up to $200,000 per startup) in partnership with Web3 Salon and JETRO to support XRPL-based DeFi, RWA, and payment startups. This expands Ripple’s Japan & Korea ecosystem strategy

Growing futures interest: XRP futures open interest has climbed to ~$4.1B, indicating increased institutional participation

On-chain resilience: Large XRP holders (1M–10M addresses) are buying on dips, signaling confidence amid geopolitical concerns

Legal environment update: XRP is set as part of a U.S. Strategic Crypto Reserve alongside BTC and SOL, backed by a Presidential order (March 2025)

What to Monitor Next

Price action near $2.30–2.33 – a convincing breakout could propel XRP toward $2.50.

Support holding – dips to $2.10–2.05 should be watched as potential bounce zones.

Ripple grant outcomes – announcements of funded Japanese projects could amplify XRP’s utility narrative.

Futures and institutional flows – stable or growing OI suggests deeper market confidence.