XRP is stabilizing near the top of its recent range and showing signs of bullish pressure as volatility narrows.

With strong volume-backed support at $2.14–$2.15 and multiple resistance tests at $2.18, the asset appears to be coiling within an ascending channel, setting the stage for a possible breakout.

News Background

• Middle East conflicts triggered renewed risk-off sentiment across markets, sparking liquidations across crypto. While top assets like Cardano and Solana posted over 1% declines, XRP has managed to hold ground — forming higher lows and carving out a new trading band in the $2.14–$2.18 zone.
• This resilience comes as the Federal Reserve prepares to announce its next interest rate decision. With global economic policy increasingly fragmented, crypto traders are bracing for sharp moves across digital assets.
• Despite broader caution, XRP’s recent behavior suggests underlying strength, with technical compression pointing to a potential breakout setup.
• XRP’s long-term structure remains in focus. After nearly 200 days of ranging between $1.90 and $2.90, the token is testing the upper end of a descending channel on the USDT pair, with macro resistance near $2.60.
• Analysts continue to debate whether this structure mirrors XRP’s 2017 price setup — a consolidation that preceded a 1,300% breakout.
• Meanwhile, investor behavior is shifting. Glassnode data shows rising profit-taking activity averaging $68.8 million daily, even as Bollinger Bands narrow — a classic sign of pending volatility.

Price Action

XRP traded within a 3.81% range from $2.143 to $2.182 over 24 hours, with strong buying pressure defending support at $2.143 during the 07:00 hour, where volume spiked to nearly 50 million units. Resistance was tested repeatedly at $2.179–$2.182 throughout the day but held firm.

In the final trading hour, XRP fell from a local high of $2.181 to $2.167, a 0.7% drop that formed a new short-term descending channel. Volume surged to 1.7 million as support at $2.170 was breached, but price stabilized quickly and formed a higher low, preserving the broader uptrend structure.

Technical Analysis Recap

• XRP posted a 3.81% 24-hour range, from $2.143 to $2.182.
• Support held at $2.143–$2.147 with heavy volume during early session lows.
• Resistance tested at $2.179–$2.182 multiple times, forming a clear upper boundary.
• Price action appears to form an ascending channel with higher lows intact.
• Late-session sell-off triggered by 1.7M volume spike at $2.170, but price recovered to $2.167.
• Descending micro-channel formed in the final hour; broader trend remains bullish if $2.14 support holds.
• Bollinger Bands tightening; RSI neutral at 52 suggests pending volatility.

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In a major development for the broader digital asset adoption in the US, New Hampshire legislators have approved a bill to create the first state-level Bitcoin (BTC) and cryptocurrency reserve in the United States. 

New Bitcoin Reserve Legislation 

Governor Kelly Ayotte announced the decision on social media X (formerly Twitter) on Tuesday, stating, “New Hampshire is once again First in the Nation!” This new legislation allows the state to invest up to 5% of its public funds into precious metals and digital assets, including Bitcoin.

The bill, known as “HB 302,” positions New Hampshire ahead of federal efforts to establish a national Bitcoin reserve. While the Trump administration proposed a reserve that would utilize existing government-owned Bitcoin, it failed to promise additional purchases. 

In contrast, New Hampshire’s legislation reflects a proactive approach, aligning with advocates who believe that stockpiling BTC can serve as a hedge against inflation and financial instability.

Crypto Reserve Bills Stall In Multiple States

Bitcoin enthusiasts have long advocated for both federal and state governments to accumulate the cryptocurrency, arguing that doing so could stabilize the economy and enhance the asset’s value. 

The recent passage of the crypto reserve bill not only marks a significant achievement for New Hampshire but also underscores the state’s commitment to embracing innovative financial solutions.

Conversely, bills aimed at establishing crypto reserves have stalled in jurisdictions such as Montana, Wyoming, North Dakota, and Pennsylvania. Florida also recently withdrew its own reserve bill.

At the time of writing, BTC trades at $95,100, attempting to establish this level as key support for a potential move toward the $100,000 milestone, the cryptocurrency’s most important resistance wall. 

Featured image from DALL-E, chart from TradingView.com 

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