XRP is showing a modest gain amid a clear increase in trading activity, suggesting professional positioning ahead of critical resistance zones.
News background
- XRP rose 0.7% over the past 24 hours to close near $2.43 as volume surged 12% above its weekly average. The muted price action comes as broader crypto markets consolidate following bitcoin’s steady rise and easing volatility in stocks.
- Analysts said the surge in XRP trading reflects renewed institutional flows ahead of the SEC’s pending ETF decisions and Ripple’s ongoing capital raising.
- Despite the limited progress, traders noted that volume-driven accumulation phases often precede directional expansion, especially when price holds firm under resistance.
Summary of price action
- The token traded within a $0.13 band between $2.41 and $2.54 during the 21-22nd session. October, and tested intraday highs before sliding back into consolidation.
- Volume reached 155.8 million tokens – well above the seven-day average – confirming meaningful participation at current price levels.
- Peak activity occurred between 14:00 and 16:00 GMT, which overlapped with institutional trading hours, where large buy orders lifted XRP above the $2.42 threshold and established higher lows near $2.40.
- The price stabilized in the $2.41-$2.43 zone until the close, forming a narrow base that traders interpret as preparatory accumulation.
Technical Analysis
- Short-term structure remains constructive. A series of higher lows from the $2.40 base and repeated defenses of the $2.41-$2.42 support corridor underscore steady demand.
- Resistance is near $2.45 and then $2.50 – the upper limit of the recent range.
- Volume expansion amid muted price gains typically reflects institutional build-up, though failure to expand above $2.45 could trigger a short-term retracement toward $2.40.
- RSI readings are hovering near neutral, suggesting room for continuation if buyers maintain commitment above $2.42.
What Traders See
• About the $2.42 floor continues to attract institutional bids.
• Potential breakout through $2.45–$2.50 to confirm bullish continuation.
• ETF related developments or Ripple fundraising updates as sentiment catalysts.
• Broader cross-asset tone — bitcoin’s move higher and gold’s weakness remain key directional signs.
