XRP is currently testing resistance at $3.08 and consolidating around the psychological level of $3.00 after gaining 3.60% from a previous low of $2.89. Notably, the trading volume at $3.08 reached 167.60 million tokens, double the average, indicating strong institutional interest. Key technical levels are forming, with $2.89 identified as vital support, while $3.06-$3.08 is seen as immediate resistance. Traders are looking to see if XRP can maintain support around $2.99-$3.00 and potentially break above $3.08, targeting $3.20 and beyond. Broader market optimism, spurred by Federal Reserve comments on policy easing, has indirectly benefited XRP, despite ongoing U.S. regulatory uncertainties affecting its market. The recent surge in CME Group’s XRP futures, surpassing $1 billion in open interest, reflects increased institutional engagement in this space, which is critical to watch for future price momentum.

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