Ripple price analysis (Bullish) — 2.50 USDT (+4.89% 24h)

XRP is showing strong momentum with a 4.9% surge to $2.50, decisively breaking above both the 20-day ($2.41) and 50-day ($2.42) SMAs. This technical breakout, combined with substantial $429M volume, suggests institutional accumulation. However, the RSI reading of 83.7 indicates severely overbought conditions, creating near-term vulnerability. Traders should watch for potential profit-taking around the $2.55 resistance level. While the trend remains upward, position sizing should be conservative given the elevated volatility of 3.7%. Consider scaling into positions on pullbacks toward $2.45 support, using tight stops for protection. The volume profile suggests this isn’t merely retail FOMO, but sustained buying pressure could face headwinds at these extended levels.