The post Will It Hold Above Critical Levels? appeared on BitcoinEthereumNews.com.

XRP remains resilient, holding above critical levels despite recent market volatility. Support near the 50-day and 100-day EMAs may lead to a future price surge. Positive futures market indicators suggest growing institutional commitment to XRP. Despite market fluctuations, XRP remains stable with strong support around it. As of press time, XRP is trading at $2.27, and it has gone up by 0.85% during the past 24 hours. The price increased strongly at the start of March but soon fell again after passing through some important moving averages. XRP Derivatives Market Shows Strong Bullish Signals In the derivatives market, XRP shows signs that add strength to the idea of a bullish trend. According to CoinGlass, the daily trading volume has gone up to $5.27 billion by 26.64%, and open interest rose by 5.25% to $4.27 billion. Such high numbers indicate countries are becoming more interested and are investing for the long term.  The amount of long positions on major exchanges like Binance and OKX is overwhelming, showing that both individuals and institutions support the market. The OI-weighted funding rate has been positive at 0.0106. This suggests that long-term XRP holders are willing to maintain their position by paying more, demonstrating confidence in XRP’s future prospects. XRP Holds Key Support Levels and Eyes $2.60 Resistance XRP went above both its 50-day and 100-day exponential moving averages (EMAs) at prices of $2.26 and $2.28. Nevertheless, the resistance near the 200-day EMA pushed it down just under $2.40. The current retracement is being viewed as healthy and could potentially lead to higher prices ahead. Currently, the token is being supported by the 100-day Exponential Moving Average, with the 50-day EMA nearby as another area of potential support. These important turning points will affect the next actions taken. As long as these levels remain, XRP…

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Filed under: News - @ June 11, 2025 12:25 am