XRP Price Surges as Trading Volume More Than Doubles, Aiming for New Highs

The price of XRP rose on Thursday, building on a broader cryptocurrency market rebound after a brief pullback from a temporary setback.

The crypto market saw a rapid shift in sentiment after the U.S. Federal Reserve opted to hold interest rates steady, keeping the benchmark range at 4.25% to 4.5%.

While the initial market reaction to the Fed’s decision saw some price dips, the pullback was short-lived. Aggressive buying quickly emerged, driving a widespread recovery in major digital assets. In response, XRP saw a strong surge in momentum.

What Happened With XRP Today

After briefly dipping to around $2.11—according to some charts like CoinMarketCap—at the lower end of a recent price pocket, XRP encountered strong buying interest.

This pushed the price through previous resistance levels, setting a new higher high at around $2.30. This signals a clear shift in trend for XRP after a period of sideways action and minor losses.

Earlier resistance around $2.21-$2.23 may now provide initial support. Before this surge, key support was noted at $2.11-$2.12, where buyers previously intervened. With immediate upside barriers now breached, traders will be watching for XRP to establish new, higher targets.

Its trading volume soared by a whopping 138.2% during this rally, according to TradingView data, showcasing the renewed and more urgent interest in the token.

This volume surge strongly supports the price advance and reinforces the breakout. Meanwhile, the token’s market capitalization remained at $129.58 billion.

Technical indicators are also adding weight to the bullish case. The MACD suggests a fresh crossover, while the RSI at 55.41 shows upward momentum without nearing overbought territory.

This signals that the rally could continue. Ultimately, traders will be watching for the broader market to sustain its recovery and open up the possibility of more significant gains in XRP.