XRP Rebounds From $2.04 with a Moves Above Key MA Targeting $2.11 and Above

Key Insights:

• XRP price holds above $2.04, targeting $2.11 resistance for further upside potential.
• RSI and key moving averages point to increased momentum as XRP trades above support levels.
• ETF inflows of $15.04M signal growing investor confidence in XRP’s market performance.

XRP price today is $2.09 USD with a 24-hour trading volume of $2.617. XRP is up 0.99% in the last 24 hours. XRP recorded a fresh price rebound after holding firm near the $2.04 level while daily volume was above $2.48 billion. The rebound comes as traders monitor whether price strength can extend above $2.11.

Price Holds $2.04 as Technical Levels Come Into Focus

Price strength emerged after XRP defended the $2.04 area, which acted as short-term support. Buyers entered near that level, and price moved higher soon after. The move pushed XRP above its key moving average, which traders often monitor for trend direction. Momentum indicators, including the RSI, also shifted upward during the rebound.

Meanwhile, analyst TARA noted that XRP must break and hold above $2.11 to confirm further movement. The update also referenced a possible test of the $2.41 to $2.43 range if confirmation occurs. These levels framed current market attention around defined price zones.

Downtrend Activity and ETF Inflows

After the rebound, market structure became a central topic. BitGuru highlighted that XRP spent months trading within a downtrend before recent changes appeared. During that period, price action showed liquidity flushes and declining pressure. Recent consolidation followed a bounce from demand, suggesting stabilization.

Notably, the consolidation remained tight, which aligned with reduced selling activity. The update described the current phase as base building rather than trend expansion. This sequence connected the earlier downtrend with present price behavior. Alongside trading activity, fund flow data provided additional context. 

According to Xaif Crypto XRP spot ETFs recorded net inflows of $15.04 million on January 12. Bitwise’s XRP ETF accounted for $7.63 million of that figure. The product’s total inflows reached $300 million. However, XRP continued trading below the $2.11 level during that period.