XRP price experienced a 3.39% drop, but a 10% rise in volume suggests growing investor interest
Ongoing geopolitical tensions and new U.S. tariffs on China add pressure to global markets
XRP is consolidating above the $1.90–$1.92 support zone, historically a launchpad for upward moves
Technical indicators hint at a possible breakout toward $2.40 if current support levels hold
Ripple’s native token, XRP, is showing signs of resilience despite a turbulent week in the cryptocurrency market. As of now, marking a 3.39% decline over the last 24 hours. However, a 10% increase in XRP trading volume signals growing investor interest, suggesting that bullish momentum could soon return.
Global Tensions Weigh on Crypto Market
The recent XRP price drop comes amid renewed geopolitical instability. Trade negotiations between the U.S. and China have hit a deadlock, with Beijing walking away from the table, demanding greater respect from Washington. Meanwhile, the European Union has expressed little optimism for a resolution anytime soon.
In a dramatic move, the White House has imposed a 245% tariff on Chinese imports, further rattling global financial markets and sparking a wave of uncertainty across both traditional and digital asset classes.
XRP Technicals Point to Possible Bullish Reversal
Despite macroeconomic headwinds, technical indicators for XRP remain largely bullish. The cryptocurrency is currently consolidating above the $1.90–$1.92 weekly support zone, a historically significant level. This area has consistently acted as a springboard for upward price movements in the past.
On higher timeframes (HTF), XRP is undergoing a bullish consolidation above this critical level. Monthly charts show a healthy retest and stabilization along the Tenkan and Kijun lines, key components of the Ichimoku Cloud indicator. These patterns are viewed as long-term bullish signals.
“As long as XRP holds above $1.86 on the monthly close, the long-term bullish structure remains intact.”
On lower timeframes, particularly the daily and 4-hour charts, XRP appears poised for a breakout. The current support around $2.10, and price action suggests a move toward $2.40 could be the next major target.
For XRP to continue its upward trajectory, breaking through the upper weekly downtrend resistance will be key. A decisive breakout could set the stage for a retest of the previous XRP all-time high (ATH) and potentially even new highs in the coming months.
While short-term volatility driven by geopolitical news continues to create uncertainty, Ripple’s XRP remains structurally strong. Rising trading volume, solid support zones, and technical consolidation all point toward a possible bullish reversal in the near future.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
