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XRP Volume Spikes—Is a Parabolic Price Rally on the Horizon?

  • XRP surged 14% amid optimism over Ripple’s legal case resolution, but quickly lost half those gains below $2.50.
  • XRP’s price gained significant traction after news of Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission might soon wrap up, but the excitement faded soon.
  • Spot buying signals turned positive, but futures data shows bearish sentiment, keeping XRP in sideways consolidation between key price levels.
  • There are key levels to watch - a daily candle close above $2.65 could indicate a positive break of structure, while a close below $2.23 could erase recent gains.

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