XRP rebounded 6% to $2.93 after a turbulent day marked by high trading volume and support buying. The cryptocurrency experienced selling pressure due to a blockchain security downgrade and broader market liquidations. Traders are keenly observing whether XRP can break above $2.99, with $3.17 identified as a crucial breakout target. During this period, XRP fluctuated 5.69%, hitting a low of $2.82 and recovering to close at $2.93. Volume surged to 155 million, nearly three times the daily average, indicating institutional buying interest. Analysis suggests that if XRP can maintain above $2.99, it could pave the way for a rally towards $5.00; however, a failure to hold above $2.82 could lead to a decline to $2.65. The current momentum supports bullish sentiment, especially with strong bid flows around $2.92–$2.93.

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