🚀 XRP Hits $3 ! 📉 Trading Volume Soars as Traders Lock in Profits 💰XRP Price Action
Surge & Reversal: XRP rose +6%, hitting a high of $3.03 from $2.83, before settling at ~$3.006.
📊 Volume Spike: Trading volume more than doubled, exceeding 110 million, driven by institutional activity and breakout momentum.
💸 Profit Booking: Strong resistance at $3.03 led to profit-taking, triggering a partial pullback.
🔍 Technical Highlights:
✅ Support holds at $2.82, resistance at $3.03.
🔼 Breakouts at $2.87, $2.92, and $2.97.
📉 Descending pattern & volume spikes show fading momentum.
⏱️ Final 4 minutes had no trades—likely end-of-session locking.
🌐 Market Context:
XRP’s rally aligns with a broader altcoin surge 🔥, as traders flee pressured equities 📉 and seek high-risk, high-reward assets.
Inflation concerns and central banks’ cautious tone add to the volatility 🌀.
📌 What’s Next for XRP:
🚀 Upside targets: $3.07–$3.10 if $3.03 is breached.
🛑 Support levels: $2.97 and $2.92.
👀 Watch closely: BTC/ETH correlation, volume trends, and macro news.