Cross-asset rotation drives fresh inflows into risk assets as XRP outperforms major altcoins, reclaiming the $2.50 handle before profit-taking sets in. News Background XRP posted a 3% intraday gain on Monday as traders rotated out of defensive assets amid gold’s pullback and a modest uptick in bitcoin. The move came as broader markets digested easing geopolitical tension and lighter U.S. inflation data, prompting short-term risk appetite across digital assets. Institutional desks reported renewed positioning in XRP ahead of the SEC’s pending ETF decisions, while Ripple’s ongoing $1 billion capital raise continued to support sentiment among professional traders seeking exposure to regulated-linked tokens. Price Action Summary The token surged from $2.47 to a session high of $2.56 during the 19:00 UTC breakout, marking a 3% advance on volume of 141 million — roughly 150% above its 24-hour average. Buying momentum faded near $2.56 resistance, triggering a measured pullback toward the $2.42–$2.45 zone where demand re-emerged. The final hour saw prices stabilize near $2.44 following a quick 1% bounce from $2.42 lows as market makers absorbed late-session selling. Total intraday volatility reached 6.4% across a $0.16 range, underscoring active institutional flow throughout the session. Technical Analysis XRP remains range-bound but constructive. The $2.42–$2.44 support band has held multiple retests, while the $2.54–$2.56 area continues to cap upside momentum. Volume spikes during breakout attempts indicate persistent institutional engagement, though the sequence of lower highs suggests short-term consolidation. A decisive close above $2.56 would expose $2.65 next; conversely, a breakdown below $2.42 could extend losses toward $2.35. RSI levels have moderated from overbought readings, leaving room for another push higher if volume returns. What Traders Are Watching • Cross-asset correlations — continued gold weakness or bitcoin strength could keep XRP supported.• Confirmation of ETF timelines from the SEC as a volatility catalyst.• Price stability above $2.42 support; failure here risks momentum unwind.• A breakout retest of $2.56 that could open targets toward $2.65–$2.70.
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