XRP Eyes Breakout as Institutional Demand Drives Rebound to $3.22
XRP regained ground on Sunday, rising 1.3% over the past 24 hours to close near $3.22. The recovery followed early-session weakness and was supported by a sharp uptick in afternoon trading volumes, signaling potential for continued upside.
Price Action and Volume Trends
XRP dipped to $3.16 in the morning before reversing higher, ultimately trading within a narrow $0.07 range between $3.15 and $3.23. Notably, volume surged in the latter half of the session, with back-to-back hourly spikes of 81.78M and 69.06M—far exceeding the daily average of 38.25M. A final-hour push lifted XRP from $3.21 to $3.22, closing near session highs and indicating growing bullish interest.
Technical Setup
XRP’s intraday structure showed a well-defined ascending channel with higher lows forming from $3.16 upward. While resistance at $3.23 remains intact, the strong bounce off $3.20 and persistent volume strength hint at a potential breakout. Volume bursts at 20:02 and 20:08 UTC, each exceeding 1.9M, suggest continued institutional buying pressure.
Market Backdrop
The broader crypto market remains cautious amid ETF-driven volatility and macro headwinds. Still, XRP’s ability to hold key levels under pressure underscores underlying strength. Ongoing interest in XRP’s cross-border payment utility and DeFi integration supports the long-term bullish narrative.
What Traders Are Watching
- Key support: $3.16–$3.20 continues to hold.
- Resistance zone: A confirmed break above $3.23 could open the door to the $3.25–$3.30 range.
- Volume confirmation: Sustained spot activity will be critical for validating upward momentum.
- Institutional flows: Remain central to gauging trend durability.
