XRP Price Reaches New Highs After 9% Surge, Supported by Improved Order Flow

Following a significant price rebound of 9.4%, XRP is currently trading at approximately $2.19 after reaching its new high. The token’s recent surge can be attributed to increased liquidity and a robust order flow that signals positive sentiment. Recent on-chain data indicates a cooling down of activity following the peak experienced during late 2023, suggesting a shift in market dynamics. This shift aligns with improved order-flow signals displaying defended bids and early positive skew, indicating potential for sustained stability.