XRP prices after V-shaped recovery target $3.40

Global economic tensions and regulatory developments continue to influence XRP price actions, with digital assets showing significant resilience despite recent volatility.

After experiencing a significant drop of $2.307 to $2.307 in large quantities, XRP has established an upward trajectory with a series of higher lower values, suggesting continuous momentum as it approaches resistance levels.

The technical indicators point to potential bullish breakouts, with multiple analysts highlighting key support between $2.35 and $2.40 that they must hold for upward continuation.

Technical Analysis Highlights

• Price experienced a 3.76% range ($2.307-$2.396) over 24 hours, with a sudden sale at 16:00 dropping to $2.307 in mass (77.9m).
• Strong support appeared at the $2.32 level, with buyers intervening during a massive period, especially during the recovery from 13:00-14:00.
• The assets established an upward trajectory, forming a higher low from the bottom, and resistance tested around $2.39 during the 07:00 session.
• In the final hour, XRP rose from $2.358 to $2.368, representing a gain of 0.42% with notable volume spikes at 01:52 and 01:55.
• The price surged past resistance at $2.366, reaching $2.366, followed by a new local high at $2.369 during the 02:03 session in a substantial amount (539,987).
• It currently maintains strength above $2.368, with reduced volatility suggesting a potential continuation of the upward trajectory.

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