The XRP extended his late-August advance and climbed nearly 9% in the week while trading close about $ 3.00 psychological level.
Gemini launched an XRP Rewards MasterCard with a webbank offering up to 4% cashback in XRP. The release pushed Gemini in front of Coinbase in us iOS apps.
Institutional currents into XRP-bound products reached an estimated $ 25 million daily and added depth to the market’s background.
Analysts continue to monitor breakout setups, with long-term technical goals quoted near $ 27 if the current compression phase resolves upwards.
Summary of Price Action
Across the 24-hour session, which ended August 27 at 1 p.m. 04:00 GMT, the XRP traded in a $ 0.09 band between $ 2.95 and $ 3.05, which closed for $ 2.98 for a 1.3% intradag drop.
The heaviest activity came at. 20:00 GMT, as quantities rose to 273.15 million – more than 4x 62.47 million daily average – when XRP card affected $ 3.05 before sellers deposited the move.
In the last hour (03: 04–04: 03 GMT), XRP consolidated within an area of $ 0.11 from $ 2.97- $ 3.08 with repeated test of $ 2,975 Support Stocking Company.
Volume tips of 1.31 m at. 03:59 and 1.19 m at 03:07 GMT coincided with short -term events against $ 2.99 resistance.
Technical analysis
Support: $ 2,975- $ 2.98 remains the most important psychological floor after several successful defense.
Resistance: $ 3.02- $ 3.04 continues to hood upward trials in the midst of heavy sales pressure.
Momentum: RSI stable in the mid -50s reflects neutral bias; MacD -Histogram convers against potential bullish crossover.
Bind: 273m peak revenue emphasizes institutional presence, but also highlights strong profits from resistance.
Patterns: Continuous consolidation near $ 3.00 suggests a basic building phase with potential continuation if resistance to $ 3.04 breaks.
Which dealers are looking at
Bulls are targeted at $ 3.20 if $ 3.02- $ 3.04 The resistance tape is cleared.
Bears highlight $ 2.96 as the first downward trigger, with $ 2.94 as the next level below.
Market tables see if Gemini’s MasterCard launch drive incremental retail streams to XRP.
Institutional influxes over $ 25 million Daily remains critical for maintaining momentum.
