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XRP price is consolidating near $2.56 after a 7.8% 24‑hour gain; short-term movement is constrained between $2.51 support and $2.64 resistance, suggesting sideways trading toward $2.40–$2.70 unless a decisive close extends momentum.
XRP up ~7.79% in 24 hours — currently at $2.56.
Hourly range bounded by $2.5143 (support) and $2.6372 (resistance); ATR suggests limited near-term volatility.
Midterm outlook: bounce from $1.7711 points to likely sideways action in $2.40–$2.70 band.
XRP price update: XRP price consolidates near $2.56 after a 7.8% rise; read the latest analysis and short-term targets from COINOTAG.
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How is the XRP price performing today?
XRP price is trading around $2.56 after a 7.79% gain over the past 24 hours, reflecting broad market strength reported by CoinMarketCap. The move is contained within a narrow hourly channel, and technical indicators point toward limited volatility in the immediate term.
What are XRP’s near-term support and resistance levels?
On the hourly chart, XRP is positioned between a clear support at $2.5143 and resistance at $2.6372. Most of the daily Average True Range (ATR) has already been expended, which reduces the probability of sharp intraday swings. If price closes above yesterday’s bar peak without a long upper wick, the next target area is $2.70–$2.80. From a midterm perspective, the bounce off $1.7711 removes immediate downside dominance and favors sideways trade in the $2.40–$2.70 corridor. Data referenced from CoinMarketCap and chart views accessed via TradingView (plain text).
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A new week has started with the growth of most of the coins, according to CoinMarketCap.
Top coins by CoinMarketCap
XRP/USD
The price of XRP has risen by 7.79% over the past day. That intraday strength coincides with broader market buying. Short-term traders should watch the next candle close for confirmation.
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Image by TradingView
On the hourly chart, the rate of XRP is in the middle of the channel, between the support of $2.5143 and the resistance of $2.6372. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow. Risk management is essential: stop placement under $2.51 for short‑term longs, or consider scaling out near $2.64–$2.70.
Image by TradingView
On the longer time frame, the price of XRP is far from the key support and resistance levels. In this case, one should focus on the candle’s closure relative to yesterday’s bar peak. If it closes above that peak without a long wick, growth may continue toward the $2.70–$2.80 range. From the midterm point of view, none of the sides is dominating after the rate of XRP bounced off the support level of $1.7711. Sideways trading in the area of $2.40–$2.70 remains the most likely scenario.
XRP is trading at $2.5624 at press time.
Image by TradingView
Frequently Asked Questions
What is the short-term price target for XRP/USD after today’s move?
Short-term targets are $2.70–$2.80 if XRP closes above yesterday’s bar peak without a long upper wick. Immediate resistance sits at $2.6372; failure to clear this level could keep price trading within $2.40–$2.70. (40–50 words)
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Is XRP a good buy today? (voice search friendly)
XRP shows short-term strength after a 7.79% rise, but most daily volatility has already occurred. If you prefer lower risk, wait for a confirmed close above $2.64 or consider buying small positions with a stop below $2.51. Always match exposure to your risk profile.
Key Takeaways
Price action: XRP is trading around $2.56 after a 7.79% daily gain.
Strategy: Look for a confirmed close above yesterday’s peak for upside to $2.70–$2.80; otherwise expect range-bound trading in $2.40–$2.70.
Conclusion
This COINOTAG market update shows XRP price consolidating near $2.56 after a strong intraday move. Short-term technicals favor range-bound action unless buyers secure a clean close above resistance, which could open $2.70–$2.80. Follow on‑chain data from CoinMarketCap and chart signals via TradingView for confirmation. For further updates, monitor COINOTAG coverage and intraday charts.
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