Cross-asset rotation is driving new inflows into risk assets as XRP outperforms major altcoins and regains leverage at $2.50 before profit-taking sets in.
News background
- XRP posted a 3% intraday gain on Monday as traders rotated out of defensive assets amid gold’s retreat and a modest rise in bitcoin. The move came as broader markets digested easing geopolitical tensions and lighter US inflation data, fueling near-term risk appetite across digital assets.
- Institutional desks reported renewed positioning in XRP ahead of the SEC’s pending ETF decisions, while Ripple’s ongoing $1 billion capital raising continued to support sentiment among professional traders seeking exposure to regulated-linked tokens.
Summary of price action
- The token surged from $2.47 to a session high of $2.56 during the 19:00 UTC breakout, marking a 3% gain on volume of 141 million – roughly 150% above its 24-hour average. Buying momentum disappeared near $2.56 resistance, triggering a measured pullback towards the $2.42-$2.45 zone, where demand resurfaced.
- The final hour saw prices stabilize near $2.44 after a quick 1% jump from $2.42 lows as market makers absorbed late-session selling. Total intraday volatility reached 6.4% over a $0.16 range, underscoring the active institutional flow throughout the session.
Technical Analysis
- XRP remains range but constructive. The $2.42-$2.44 support band has held several retests, while the $2.54-$2.56 area continues to limit upside momentum.
- Volume increases during breakout attempts indicate continued institutional commitment, although the sequence of lower highs suggests short-term consolidation.
- A decisive close above $2.56 would expose $2.65 next; conversely, a split below $2.42 could extend losses towards $2.35. RSI levels have moderated from overbought readings, leaving room for another push higher if volume returns.
What Traders See
• Correlations across assets — continued gold weakness or bitcoin strength could keep XRP supported.
• Confirmation of ETF timelines by the SEC as a volatility catalyst.
• Price stability above $2.42 support; failure here risks momentum unwinding.
• A breakout retest of $2.56 that could open targets towards $2.65-$2.70.
