$XRP has shown a massive surge, gaining over 19% in the last 24 hours. After a period of downward pressure, the token is attempting a significant trend reversal.
1. Key Technical Level
Current Price: $1.4984
Immediate Support: The price successfully bounced off the $1.1172 support level
Key Resistance: Bulls are now eyeing the $1.75 – $1.97 range to confirm a long-term bullish breakout
RSI Check: The daily RSI(6) is currently at 41.86, suggesting that while the bounce is strong, there is still plenty of "room to run" before reaching overbought territory
2. Market Outloo
Institutional Interest: Despite recent market volatility, on-chain data suggests "smart money" and whales are continuing to accumulate in this range
Momentum: The recent 14-19% climb is one of the largest one-day percentage gains we've seen since early February 2026
Risk Note: Historically, February can be a volatile month for $XRP . Watch for a daily candle close above $1.51 to sustain this momentum
⚠️ Trading Strategy: Look for a consolidation above $1.50 for a potential entry. Always manage your risk with stop-losses below the recent swing low
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