XRP has climbed above $2.2, driven by intensified market activity and strengthening on-chain indicators. The cryptocurrency's trading volume surged to $6.19 billion in the past 24 hours, with its price reaching $2.25. This movement comes as XRP tests key Fibonacci resistance levels, highlighting increased market interest.
Despite the price rebound, only 58.5% of XRP's supply is currently in profit, marking the lowest profitability share since November 2024. The $2.0 level remains a significant psychological barrier, with weekly realized losses ranging from $0.5 billion to $1.2 billion during retests. On-chain data also indicates rising realized losses and increased holder distribution, reflecting the complex dynamics at play in XRP's market performance.
XRP Surges Above $2.2 Amid Rising Market Activity
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
