XRP Rises Sharply After Recovering in a V Shape, Target is 3.40 USD

Global economic tensions and legal developments continue to impact the price of XRP, as this digital asset demonstrates significant resilience despite recent volatility. After experiencing a significant drop to $2,307 with high volume, XRP has established an upward trajectory with a series of higher lows, indicating continued momentum as it approaches the resistance level. Technical indicators suggest a bullish breakout potential, with many analysts emphasizing the important support level at $2.35-$2.40 that must hold to continue the upward movement. Highlights of Technical Analysis The price experienced a range of 3.76% (2,307 – la)$2,396 within 24 hours with a strong sell-off at 16:00 to $2,307 with a high trading volume of (77.9 triệu). Strong support appears at $2.32 as buyers enter periods of high trading volume, especially during the rally from 13:00-14:00.The asset establishes an upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during the 07:00 trading session. XRP rose from $2,358 to $2,368, which corresponds to a 0.42% gain with a significant spike in trading volume at 01:52 and 01:55.The price soared above the resistance at $2.36 to reach $2,366, then set a new local high at $2,369 in the 02:03 session with a large trading volume of (539.987).Present is maintaining strength above the support level of $2,368 with bearish volatility indicating the potential to continue the upward trajectory.