XRP advanced modestly as trading activity spiked, though momentum indicators warn of near-term consolidation risk. News Background XRP climbed 0.60% to $2.623 while trading volume surged about 47% above its seven-day average, indicating increased institutional interest amid a lack of strong breakout catalysts. The token still faces resistance from a rejection near $2.68 and multiple analysts caution that while bullish chart patterns exist, the recent momentum may be capped. Price Action Summary Over the session, XRP traded in an $0.11 range, oscillating between ~$2.64 and ~$2.62. A peak volume of ~167.3 million tokens (≈140% above the 24-hour average) was recorded during the failed breakout near $2.68 resistance. The $2.60 psychological support level held firm through several tests. This price action reflects controlled accumulation rather than a full breakout run. Technical Analysis The breakout attempt above $2.68 was rejected, confirming that resistance remains stiff. The support zone at ~$2.60 has demonstrated resilience, yet momentum indicators—such as the TD Sequential—have triggered caution signals. Chart structure shows consolidation between $2.60 and $2.67, which may form the base of a future move but also warns of possible short-term pause. Volume surge validates interest but the lack of a clean breakout suggests the move is still in setup mode. What Traders Should Know Traders should monitor whether XRP can hold the support band around $2.60-$2.63. A sustained close above $2.65 coupled with renewed volume would tilt the bias bullish and open targets near $2.70-$2.90. Conversely, a break below ~$2.60 would expose a retest of ~$2.55 or lower. The upcoming ETF decision window and institutional inflows remain key catalysts to watch.
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