Ripple (XRP) is showing renewed strength in the market, climbing 3.61% in the past 24 hours to trade at $2.61. This price push comes after XRP touched an intraday low of $2.52 before rallying to a high of $2.65, signalling strong short-term bullish sentiment.

XRP’s market capitalization now stands at $156.39 billion, making it one of the top-performing digital assets in the current cycle. Despite the positive price move, trading volume dropped 12.13% to $8.64 billion, suggesting that while momentum remains strong, traders are cautiously taking profits after the brief rally.

Meanwhile, the fully diluted valuation (FDV) sits at a massive $261.02 billion, showing investor confidence in XRP’s long-term potential. With 59.91 billion XRP currently circulating out of a total 100 billion supply, liquidity remains robust across exchanges.

Related article: XRP Rich List 2025: Who Owns the Most and Why It Matters

Institutional Optimism Fuels Daily Price Climb Toward $2.65

The 24-hour chart from CoinMarketCap reveals that XRP started the day consolidating near $2.53, before gaining traction around the early morning hours. The price gradually climbed throughout the day, peaking near $2.65 before cooling slightly.

_{24-hour price chart. Source: CoinMarketCap}

This consistent upward movement reflects improving investor sentiment, possibly driven by renewed optimism around Ripple’s institutional partnerships and blockchain utility in global finance. Despite small pullbacks during midday trading, XRP maintained a steady uptrend, supported by intense buy pressure around the $2.55–$2.60 range.

Bullish Momentum Could Drive a Test of the $2.70 Resistance Zone

At its current level, XRP is just 32% below its all-time high of $3.84, reached on January 4, 2018. Yet, compared to its all-time low of $0.002802 recorded in July 2014, XRP has achieved a staggering 93,100% increase. This long-term growth underscores the resilience of Ripple’s ecosystem, even amid regulatory and market challenges.

Related article: XRP Spot Netflow Analysis: Outflows Dominate as Price Holds Near $2.70 with 10% Swings

If momentum continues, XRP could soon test the $2.70 resistance zone, especially if market sentiment remains bullish. However, any dip below $2.50 may trigger short-term corrections.

Overall, XRP’s 24-hour performance highlights renewed investor enthusiasm and hints at a possible breakout phase, placing Ripple back in the spotlight among top altcoins.