XRP rebounded sharply after a significant 6% drop, stabilizing above $2.04 and creating a bullish ascending channel. After a sell-off that saw prices plummet to $2.011, it recovered, with traders now watching for upward pressure near the $2.09 resistance line amidst ongoing global economic uncertainty. Analysts highlight potential for a breakout if this resistance is breached with confirming volume. The recent trading activity showed a range of 6.33%, indicating buyer control returning as higher lows were established during the recovery. Despite market volatility, XRP's technical metrics remain strong, supported by institutional interest regarding potential spot ETF approvals and Ripple's global payments expansion. Important support lies between $2.011 and $2.042 while resistance sits between $2.089 and $2.090, with buyers actively defending $2.082 to $2.083 on minor pullbacks. With a positive MACD crossover and a neutral RSI, the conditions appear favorable for continued upward momentum if resistance is overcome.

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