XRP extended its recovery with a clean push through $2,197 resistance, signaling renewed bullish momentum as institutional accumulation resurfaced at key levels.
- Broader crypto sentiment improved as BlackRock reiterated support for real-world asset tokenization themes
- Firelight, a new DeFi protocol, allows XRP holders to stake tokens and earn rewards while providing onchain protection against hacks.
- Built by Sentora and powered by the Flare Network, Firelight introduces a capital-efficient protection layer to improve DeFi’s resilience.
- The protocol uses Flare’s FAssets system to integrate XRP into DeFi, providing a new opportunity to earn dividends for XRP holders. Technical Analysis
- The achievement allows FSRA-licensed companies to use RLUSD for regulated activities, expanding its presence in the Middle East.
- RLUSD’s acceptance into ADGM highlights its role as a stable coin with clear reserve rules that appeals to banks and payment firms in the region.
Technical Analysis
- XRP’s move above $2,197 confirms a clean break of the micro-range that contained price action for most of the previous session.
- Repeated defense of the $2.17 channel floor illustrates demand absorption at lower levels. This activity occurred alongside increased funding rates, which rose more than 120% over the past 24 hours. While this reflects growing bullish conviction, it also signals increasing leverage risk if price fails to keep up.
- The broader structure remains intact: an intraday breakout setup, rising channel support from the November low, and a developing Power-of-3 progression that suggests accumulation, manipulation, and extension. XRP is currently sitting in the transition zone between the second and third phases.
XRP traded between $2.19 and $2.20 for most of the session before a brief liquidity sweep drove the price to $2.15 during the day’s biggest volume event. Buyers immediately absorbed the move, pushing the token back above $2.17 and holding higher lows on each subsequent retest.
The break through $2,197 sparked a clean move to $2,206, supported by hourly volume rising from 450K to 553K. The price stabilized above $2.204 at the close, while $2.22 emerged as the next resistance level to clear.
Intraday momentum remained constructive, although upside continuation now depends on sustaining the structure above $2.204 and avoiding deeper test of $2.17.
• The $2,204 micro-support is now the immediate focal point – holding above it keeps the breakout active
• A break above $2.22 opens direct continuation towards the $2.33-$2.40 resistance band
• Rejection of $2.22 combined with rising funding rates increases the risk of a leverage flush
• Losing $2.17 would shift focus back to the broader $2.00 psychological level
• Volume confirmation remains key — sustained prints above 600K/hour would support another expansion leg
