XRP has experienced volatility between the $2.84 and $2.99 range, as it rallies toward the $3 mark, driven by a notable spike in trading volume that exceeds its weekly average by over 6%. On-chain data indicates substantial institutional interest, with nearly 155 million XRP exchanged during recovery periods, in contrast to the daily average of 63 million. The token faces strong resistance around the $3 mark, despite the fluctuations. Traders are observing if the support level at $2.93 will remain intact or if a breach above $3 will catalyze further upward movement. In the latest trading sessions, XRP registered a 5.1% swing within the aforementioned range, with important volume noted during the rallies. The state of market demand for XRP appears cautiously optimistic as it looks toward potential trend continuation.

Source 🔗