XRP Stabilizes After Early Dip, Traders Eye $2.40 Breakout

Why It Matters

–China tariff fears.

Summary

XRP steadied after an early-session dip to $2.19, recovering to about $2.33 as institutional buyers absorbed selling and trading volume spiked to 246.7 million—nearly triple the 24‑hour average. The token traded in a $2.19–$2.35 range (7% intraday) as markets positioned cautiously ahead of the SEC’s review of six spot XRP ETF filings and Ripple’s planned $1 billion treasury raise. Traders say holding $2.30 is key for weekend stability, with a confirmed breakout above $2.40 viewed as the trigger for a rotation toward $2.70–$3.00 amid broader risk‑off pressures from U.S.–China tariff fears.