XRP has experienced a notable rise of 4.71% in the last 24 hours, currently trading at $2.26. The cryptocurrency's market capitalization has surged to $131.11 billion, reflecting strong investor interest. Trading volume has also seen a significant increase of 37.10%, reaching $3.27 billion. This surge indicates heightened market activity, with XRP holding a market cap ratio of 2.5%. The total supply of XRP remains at 99.98 billion, with 57.94 billion tokens in circulation.

The price is testing a key resistance level at $2.27, a breakout above which could push XRP toward $2.30. However, if sellers take control at this level, the price may retreat to its immediate support at $2.25. A further decline below this point could lead to a drop toward $2.22.

Technical indicators reflect a balanced market. The Relative Strength Index (RSI) currently stands at 53.79, suggesting moderate bullish momentum. With an average RSI of 47.75, buying pressure appears to be increasing. However, the Chaikin Money Flow (CMF) indicator remains in the negative at -0.12, indicating weak capital inflows despite recent gains. Short-term moving averages are maintaining their position above the RSI, indicating stability but lacking a strong bullish crossover.

Beyond price action, XRP’s growing adoption is gaining traction. SBI is leveraging the token’s performance to enhance cross-border innovations. The company is also expanding into NFTs and is in the process of launching a stablecoin on the XRP Ledger. These developments could contribute to the long-term utility and demand for XRP in the digital economy.

For now, traders should watch XRP’s price action closely. A decisive breakout above $2.27 could confirm an upward trend, while a failure to maintain support at $2.25 might lead to short-term corrections. With increasing market participation, XRP remains in a crucial phase where momentum could dictate its next major move.