XRP surprised the market with a sharp rally to $3.03, marking a significant price breakout driven by elevated institutional activity and strong technical momentum. The surge occurred during a 24-hour trading window, with XRP climbing from $2.83 to $3.03, before settling at $3.00.
XRP Trading Volume Spikes to 110 Million
One of the most notable indicators behind this move was XRP’s trading volume, which more than doubled the daily average. Volume peaked above 110 million, compared to the 24-hour norm of around 52 million.
This spike in volume confirms institutional interest and high-conviction trading behavior.
Resistance at $3.03 Leads to Profit Booking
Despite the breakout, XRP faced strong resistance near the $3.03 mark, where selling pressure intensified. Profit-taking led to a minor correction, signaling short-term exhaustion in bullish momentum.
The price recorded lower highs at $3.03, $3.02, and $3.01—indicating a descending pattern into session close.
Intraday Support and Key Technical Levels
XRP maintained key support at $2.82, which was tested during earlier consolidation phases. Notable intraday breakouts were seen at $2.87, $2.92, and $2.97, each aligning with rising volume.
In the final hour, XRP entered a downward channel, with momentum weakening. A failed recovery attempt near 01:35 AM further confirmed this shift.
XRP Outlook Amid Broader Altcoin Rotation
The rally comes as investors rotate capital into high-beta altcoins, seeking upside in the face of macroeconomic headwinds. Sticky inflation and cautious central bank policy have made traditional assets less attractive in the short term.
A clean breakout above $3.03 may target the $3.07–$3.10 range, while downside protection remains at $2.97 and $2.92.
Final Thoughts
XRP’s rally to $3.03 highlights renewed momentum and trading interest. However, the rejection at resistance and emerging bearish structure suggest traders should watch for volume compression or macro signals before the next move.
This rally reflects capital shifting toward volatility-seeking assets, with XRP still closely tracking broader crypto sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.