- Ripple XRP is gaining bullish momentum with a 41% surge in trading volume and a price rebound to $2.34.
- XRP Ledger’s selection for a major Dubai real estate tokenization project adds to growing investor confidence.
Ripple Springs Back to Life After Weekend Dip
XRP has burst back into the spotlight following a notable 41% surge in 24-hour trading volume, signaling renewed trader enthusiasm after a weekend of whipsaw volatility. According to CoinMarketCap, XRP’s volume rocketed to $2.13 billion, while its price rebounded by 2.01%, climbing to $2.34.
The cryptocurrency, which had fallen to lows of $2.26 during Saturday’s session, has shown strong resilience, closing in the green on both Saturday and Sunday. With XRP consolidating between $2.00 and $2.65, the sharp volume uptick suggests that a bigger price move may be brewing as traders begin to circle once again.
Traders Eye Bullish Targets as XRP Builds Momentum
As XRP attempts to regain bullish momentum, analysts are watching key resistance levels at $2.48 and $2.65. A sustained breakout above these levels could pave the way for a push toward the psychological $3 mark. On the downside, support remains strong at the 50 and 200 daily moving averages of $2.22 and $2.26, respectively.
The latest bounce comes after Ripple dipped from $2.48 to $2.28 on May 23 but quickly found buyers willing to scoop it up at lower levels. The renewed buying pressure is a promising sign for bulls who believe XRP is poised for another leg up.
Ripple Ledger Sees Major Real-World Adoption
Adding to the bullish sentiment, XRP Ledger (XRPL) has been chosen for a groundbreaking real estate tokenization project in Dubai. The initiative, backed by RippleX, Ctrl Alt, and the Dubai Land Department, aims to revolutionize property investment in the region.
This milestone follows the recent launch of the USDB stablecoin by Braza Group and the introduction of Schuman Financial’s EURØP, the first MiCA-compliant euro stablecoin, both on the XRP Ledger.
These developments underscore XRP’s growing real-world utility and strengthen the case for long-term investor confidence in the asset.
With trading volume spiking, price action turning bullish, and major real-world adoption news breaking, XRP could be gearing up for a significant move. If momentum continues, traders may soon see XRP test the $3 mark—a level not seen in years.
