XRP price has successfully cleared the XRP key resistance located at $2.197, signaling renewed institutional buying interest at strategic levels. This significant technical move occurs amidst a significant volume spike following a liquidity sweep, suggesting active professional participation and an optimistic sentiment in the crypto market overall during the current session.
Recent data reveals that hourly volume increased considerably from 450,000 to 553,000 units, validating the strength of the current movement above $2.20. Additionally, funding rates climbed more than 120% over the last 24 hours, evidencing growing bullish conviction among traders seeking to keep the price structure intact. On the other hand, the approval of RLUSD stablecoin usage by licensed firms in ADGM expands its presence in the Middle East, while the Firelight protocol, backed by Flare Network, introduces new yield opportunities and on-chain protection for long-term token holders.
This rally is not an isolated event but coincides with an environment where giants like BlackRock have reiterated their support for real-world asset tokenization. Integration through the Firelight protocol allows users to stake and earn rewards, solving the need for greater utility and capital efficiency within the financial ecosystem. Likewise, the use of Flare’s FAssets system to integrate the token into DeFi environments represents a crucial advance for capital resilience, offering an efficient protection layer against hacks and systemic vulnerabilities that often affect the sector.
Can the asset sustain its momentum amidst rising leverage risk?
If the price manages to consolidate firmly above the $2.204 support, the path would be technically clear toward the upper band of $2.33 to $2.40. However, a rejection at the intermediate level of $2.22, combined with currently elevated funding rates, could trigger a leverage flush if demand fails to absorb the incoming supply. Losing the $2.17 level would drastically change the technical landscape, shifting focus toward the psychological support of $2.00, which would force investors to reevaluate their short-term positions in the face of volatility.
The market is currently in a critical transition phase between accumulation and a possible aggressive price expansion termed “Power of 3.” To confirm the continuity of the bullish trend, it will be vital to maintain volume prints exceeding 600,000 per hour in the upcoming key trading sessions. Thus, traders must closely monitor price reaction to the XRP key resistance and immediate pivots to accurately anticipate the digital asset’s next major directional move.
