XRP recorded a modest increase amid a clear uptick in trading activity, suggesting professional positions ahead of a key resistance zone.
news background
- XRP rose 0.7% over the past 24 hours and closed near $2.43 on volume that was 12% above the weekly average. Price movements have slowed as the broader crypto market consolidates, following Bitcoin’s steady rise and easing stock volatility.
- Analysts said the increase in XRP trading reflects new institutional investor flows ahead of the SEC’s pending ETF decision and Ripple’s continued fundraising.
- Traders noted that despite limited progress, a volume-driven accumulation phase often precedes directional expansion, especially when prices are holding firm below resistance.
Overview of price fluctuations
- The token traded within a $0.13 range between $2.41 and $2.54 during the October 21-22 session, testing intraday highs before consolidating back.
- Volume reached 155.8 million tokens, well above the 7-day average, confirming that participation at current price levels is meaningful.
- Peak activity occurred between 14:00 and 16:00 GMT, coinciding with institutional trading hours, when large buy orders pushed XRP above the $2.42 threshold and established a low near $2.40.
- Prices stabilized in the $2.41-$2.43 zone through the close, forming a narrow base that traders interpreted as a preparatory build-up.
technical analysis
- Short-term structures remain constructive. A series of higher lows from the $2.40 base and repeated defense of the $2.41-$2.42 support corridor highlight stable demand.
- Resistance is near $2.45 and then $2.50, which is the upper end of the recent range.
- Volume expansion amid slowing price appreciation typically reflects institutional accumulation, but failure to extend above $2.45 could trigger a retracement towards $2.40 in the near term.
- The RSI reading is hovering around neutral, suggesting there is room for continuation if buyers remain engaged above $2.42.
What traders are paying attention to
• Whether the $2.42 floor continues to attract bids from institutional investors.
• A possible breakout of $2.45-$2.50 to confirm bullish continuation.
• Latest updates on ETF-related developments and Ripple funding driving sentiment.
• Tone across broader assets — Bitcoin’s rise and gold’s weakness remain key directional clues.
