2026-07-12 · equities

Bitcoin holds above $63,000 as Iran tensions rise, BIP-110 debate intensifies

Global economic tensions and regulatory developments continue to influence XRP's price action, with the digital asset showing remarkable resilience despite recent volatility.

After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels.

Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.

• Price experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).

• Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.

• Asset established upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during 07:00 session.

• In the last hour, XRP climbed from $2.358 to $2.368, representing a 0.42% gain with notable volume spikes at 01:52 and 01:55.

• Price surged past resistance at $2.36 to reach $2.366, later establishing new local highs at $2.369 during 02:03 session on substantial volume (539,987).

• Currently maintaining strength above $2.368 support level with decreasing volatility suggesting potential continuation of upward trajectory.

Disclaimer: This article was generated with 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. This article may include information from external sources, which are listed below when applicable.

• "XRP price path to $3.40 remains intact — Here is why", Cointelegraph, published May 16, 2025.

• "XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds", Bitcoin.com News, published May 17, 2025.

• "XRP Price Explosion To $5.9: Current Consolidation Won't Stop XRP From Growing", NewsBTC, published May 17, 2025.