- XRP sustained a 6.2% weekly gain, holding above the critical $2.60 support while facing resistance near $2.67.
- The chart displays a triple-bottom pattern, signaling strong buyer defense and steady short-term market confidence.
- XRP gained 3.5% against Bitcoin, showing relative strength as trading volume remains stable and volatility narrows.
XRP has continued with the upward momentum this week, further confirming faith in the market as the token price remains upwards. The cryptocurrency has increased by 6.2 percent over the past week and it is currently trading at a price of $2.62 at the time of writing . The recent upswing is a clear indication that it has recovered strongly against key support levels, which validates the growing purchasing power of buyers on the short term charts.
According to Binance market data, XRP is developing a list of higher lows, which is, as a rule, more likely to indicate increasing interest in buyers. Every bounce off the support level at 2.60 provided strength that propelled the asset to overcome short term consolidations. The cyclic trend indicates that the lower thresholds have been defended satisfactorily by the buyers and this has maintained a short-term optimism.
XRP Holds Firm as Triple-Bottom Pattern Strengthens Bullish Momentum
The XRP has been showing triple bottom formation on the one-hour chart- each trough is created at slightly higher lows and then the chart is followed by further advances. This trend highlights the strength of markets, as the traders protected the same territory several times. Consequently, XRP has been recording a consistent increasing trend since mid-week, which indicates that the demand still remains greater than the selling pressure.
The $2.60 mark is also a significant short term floor. It has again and again given solid grounds when they have been reversed, so that its significance in the present price movement is enhanced. Conversely, resistance is close to the level of $2.67 where profit-taking has occurred in the market. A break beyond this barrier may open up the path to greater consolidation areas although buyers have not yet proved a clean break beyond this barrier.
Market Context and Recent Price Behavior
XRP’s performance has mirrored broader optimism in digital assets. The range of the token remained within the range of 24 hours between 2.60 and 2.67 with contained volatility as compared to previous sessions. XRP traded 0.00002267 BTC, which was equivalent to 3.5% in the Bitcoin pair, meaning that it was not strong compared to other currencies in the market.
The level of trading has been stable and this indicates that institutional and retail traders are keenly following this price range. It is important to note that there were repeated rebounds within the same horizontal zone which are the result of solid accumulation and not speculative spikes. This oscillation has enabled XRP to maintain its structure but is slowly moving towards the high resistance spectrum.
Short-Term Outlook and Key Observations
Momentum indicators show constructive continuation patterns, although traders remain cautious near resistance. The market has so far avoided steep corrections, confirming a balanced demand-to-supply ratio. H owever, any sustained movement below $2.60 could weaken the structure and test buyer conviction.
For now, XRP maintains stability within its short-term ascending trend, supported by a defined base and visible buying interest. With higher lows continuing to form, the market remains technically sound, keeping XRP in focus among large-cap digital assets.
