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XRP Surges 3% as Global Tensions Boost Cross-Border Payment Utility
Market resilience amid geopolitical uncertainty positions XRP as a potential alternative to traditional settlement mechanisms.
Jun 3, 2025, 1:55 p.m.
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What to know:
- XRP rose 3% in the past 24 hours, driven by strong technical momentum and increased on-chain activity.
- The token broke through key resistance at $2.190, signaling renewed buying interest amid market volatility.
- Ripple's RLUSD stablecoin received regulatory approval in Dubai, enhancing XRP's appeal as a cross-border payment solution.
XRP climbed 3% over the past 24 hours, defying broader market volatility as geopolitical tensions continue to rattle investors. The token rose from $2.157 to $2.222, driven by strong technical momentum and surging on-chain activity that saw over 500 million tokens transacted in a single day.
News Background
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- Rising trade disputes between major economies have triggered market-wide uncertainty, with traditional cross-border payment systems facing increased scrutiny.
- Amid this backdrop, XRP’s ability to facilitate fast, low-cost international transactions has positioned it as a potential alternative settlement solution, attracting fresh interest from both retail and institutional traders.
- Ripple's RLUSD stablecoin has received regulatory approval from Dubai's financial authority, allowing its use within the Dubai International Financial Centre.
Price-Action
As per CoinDesk's AI-driven technical analysis, XRP’s price action has formed a clear uptrend, with higher lows and higher highs emerging throughout the session. The token broke through key resistance at $2.190 on significant volume spikes exceeding 55 million during the 22:00 hour, signaling renewed buying interest.
Support has formed around the $2.192-$2.195 range, while a recent pullback to $2.194 appears to be a healthy consolidation after testing the $2.225 level. In the final hour of trading, XRP surged 1.58% from $2.194 to $2.199, accompanied by a notable volume spike at 08:01 with over 5 million tokens changing hands — nearly 10 times the hourly average.
The technical picture remains bullish, with consecutive green candles and increasing volume suggesting momentum could carry XRP higher toward the $2.225 resistance level.
Technical Analysis Recap
- XRP climbed from $2.157 to $2.222 over the past 24 hours, a 3% gain.
- Price action established a clear uptrend, breaking through key resistance at $2.190 on volume spikes over 55 million.
- Strong support formed at $2.192-$2.195, with healthy consolidation evident after testing $2.225.
- Notable price surge in the last hour from $2.194 to $2.199, with volume spiking to over 5 million at 08:01.
- Consecutive green candles and increasing volume suggest potential for further upward movement.
As XRP navigates an uncertain macroeconomic landscape, its utility as a cross-border payment asset and increasing transaction volume underscore its role in the evolving global financial ecosystem.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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