Ripple price analysis (Bullish) — 2.47 USDT (+8.43% 24h)

XRP is showing explosive momentum, surging 8.4% to $2.47 with massive $305M volume indicating strong institutional interest. The RSI reading of 83.6 signals severely overbought conditions, suggesting a near-term pullback is likely. However, the price remains comfortably above both the 20-day SMA ($2.37) and 50-day SMA ($2.32), confirming the underlying bullish structure. Current volatility at 4.6% reflects the intense market activity. Traders should consider taking partial profits here given the extreme RSI, while maintaining core positions for potential continuation toward $2.60. Wait for a healthy retracement to the $2.35-$2.40 support zone for new entries. Stop losses should be placed below $2.30 to protect gains. The volume profile suggests this isn’t just retail FOMO – serious money is flowing into XRP.