Trading News: XRP made a positive Jump

(5 minute chart)

XRP just posted a notable jump on the five-minute charts, signaling a surge in short-term momentum. This move comes as the price consolidates above $2.26, with technical indicators—like tightened Bollinger Bands—not seen in eight months, pointing to a potential spike in volatility and a possible breakout. Analysts highlight that XRP has been gathering strength after 32 weeks of consolidation, and this sudden uptick could be the start of a larger bullish rally, with targets as high as $4.60 if momentum continues.

Recent whale activity, such as large transfers from Coinbase to private wallets, and Ripple’s push for a U.S. banking license, are fueling optimism and adding to the bullish sentiment in the market.

(four hour chart)

Keep an eye on resistance around $2.40–$2.50—if XRP breaks through, the next leg up could be explosive.