XRP surged 33% from its December 31 lows and gained 11% over the past 24 hours, placing the token at a pivotal test near the $2.41 resistance as on-chain and technical indicators converge to shape the next leg of the rally. XRP rebounded from a triple-bottom near $1.77, establishing a base for the current move, with the 20-day EMA approaching the 50-day EMA, signaling a bullish crossover that has historically supported trends beyond short-term bounces.
On-chain signals point to rising demand: OBV broke above a descending trendline, long-term holders boosted net holdings from roughly 9 million XRP daily to about 47 million since Dec. 30, and the NUPL metric has returned to profit zones last seen in early December. But profit-taking risks remain as the market hovers near the $2.41 area, supported by a cost-basis heatmap showing about 1.56 billion XRP accumulated near that level.
For bulls to sustain the rally, a clean daily close above $2.41 is required; if achieved, the next upside target sits near $2.69, representing additional gains of about 13% from current levels. If XRP fails to reclaim $2.41, initial two near-term supports lie around $2.26, followed by deeper support around $1.90, with the broader structure intact above $1.77.
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