XRP (XRP) $XRP
extended its upward momentum on Saturday, closing near $3.22 after rebounding from early-session weakness. The token posted a 1.3% daily gain, supported by robust afternoon volumes and signs of institutional accumulation—fueling optimism for a potential breakout above $3.23 resistance.
Key Highlights
XRP trades in a tight $0.07 range between $3.15 and $3.23.
Institutional buying confirmed by late-session volume spikes.
Ascending channel formation suggests bullish continuation.
Market focus shifts to a decisive close above $3.23 to target $3.25–$3.30.
Price Action Recap
XRP dipped to $3.16 early in the session but quickly reversed higher.
Volume surges hit 81.78M and 69.06M in late-afternoon trading, doubling the 24-hour average of 38.25M.
Final-hour rally lifted XRP from $3.21 to $3.22, confirming strong demand near $3.20 support.
Ascending channel formed with higher lows from $3.16 to $3.22, underscoring bullish structure.
Market Context
Despite lingering ETF-driven volatility in the broader crypto market, XRP’s resilience stands out. Its underlying narrative—utility in cross-border payments and growing DeFi integration—continues to draw both retail and institutional interest.
Technical Setup
Support: $3.16 (multiple intraday retests).
Immediate Resistance: $3.23 (key breakout zone).
Upside Targets: $3.25–$3.30 if volume confirms breakout.
Notably, two significant institutional-sized trades (2.11M and 1.97M) during the final hour signal ongoing accumulation—a bullish indicator for short-term price action.
What Traders Should Watch
Can XRP sustain support above $3.20 during consolidation phases?
Will fresh inflows push price toward $3.30+ in coming sessions?
Institutional flows remain the key driver amid broader market uncertainty.
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RP’s current setup points to a potential near-term breakout, with momentum and volumes aligned. Traders will be eyeing a clean breach of $3.23 to confirm bullish continuation.#Xrp🔥🔥 #BTRPreTGE