XRP pierced $ 3.00 psychological threshold in a heavy volume session that signaled strong institutional currents.
The rally carried the token from $ 2.96 to $ 2.99 in 24 hours, with dinner outbreaks at quantities six times the daily average.
Despite resisting resistance near $ 3.02, the market structure suggests accumulation, with Bulls defending support around $ 2.98 when dealers measure momentum for a push toward higher expansion levels.
News Background
• Dinner rally on September 10 was powered by a volume explosion of 116.7 m and 119.0 m units within 12: 00–13: 00 hours, far opposite the 24-hour average of 48.3 m.
• Futures open interest rose to $ 7.94b and shows increased derivatives placement along with spot activity.
• Analysts mark a falling triangle’s breakout scenario with measured targets in the range of $ 3.60 if momentum persists.
• Wider risk assets continue to track the expectations of the Federal Reserve, with rate-cut bets that support currents to crypto assets with high capacity.
Summary of Price Action
• XRP went on from $ 2.96 to $ 2.99 in September 9, 21:00 to 10 September 20:00 trade window, a 1% gain within a $ 0.09 ribbon.
• Breakout occurred during 12:00 to 13:00 window as the XRP spiked from $ 2.98 to $ 3.02 on 119m volume, which sets a short-term resistance zone.
• The last hour saw the sales pressure push the symbol to $ 2.98 before buyers restored support and closed near $ 2.99.
• Volume tips exceeding 1.6 m per Minute during the late session confirmed institutional bids that entered at reduced levels.
Technical analysis
• Resistance: $ 3.02 remains the immediate ceiling after several rejections during tip trade.
• Support: Buyers repeatedly defended $ 2.98- $ 2.99 across multiple gene tests.
• Volume: Breakout volumes at noon were six times the daily average and validated the move.
• Structure: Higher low formation suggests persistent accumulation despite resistance caps.
• Indicators: Technical pointing to a breakout scenario, with Fibonacci extensions that project potential upwards against $ 3.60.
Which dealers are looking at
• Whether the XRP can maintain closes over the $ 3.00 mark to turn resistance to support.
• Reaction of $ 3.02 Resistance – A breakout could extend the targets to $ 3.20- $ 3.60 in upcoming sessions.
• Futures positioning and open interest rates to $ 7.9 B, which could reinforce the volatility around key levels.
• Macro drivers from Federal Reserve’s September 17 -Politics Meeting and Dollar Liquidity Views.
