XRP, CryptoAppsy According to data, it increased by 0.05 percent in the last 24 hours to $ 2.65. Trading volume rose 26 percent above the weekly average, indicating a significant increase in investor interest. While the price of the altcoin fluctuated in a narrow band of $ 0.087 during the day, a volume of 101.6 million coins was created, but the strong resistance at $ 2.70 has not yet been overcome. Market participants are focused on whether the support in the $2.61-$2.63 range can be maintained.
XRP Gains Strength in Consolidation as Institutional Demand Grows
XRP coinThe rise in the price of has occurred at a time when the search for general direction in the cryptocurrency market continues. According to internal blockchain data, XRP reserves on exchanges have decreased by 3.36 percent since the beginning of October. Historically, declines in exchange reserves have been associated with periods of consolidation, when investors withdraw altcoins from exchanges and move them into their wallets. Enterprise volume The increase suggests that this movement is not just a short-term fluctuation, but may be a signal of broader positioning.
altcoinThe price of has traded between $2,655 and $2,568 in the last 24 hours. Despite buyers forming consecutive higher lows, the $2.70 resistance remained strong. Although the volume of 101 million created in the same period confirmed that participation was strong, the price’s failure to remain permanently above this threshold increased indecision among investors. A brief dip below the $2,635 support towards the close showed that buyers and sellers were still searching for balance.
Technical Indicators Show the Market Is Stuck
XRP’s chartThe outlook indicates a structure stuck between strong support around $2,614 and strong resistance at $2.70. While the increase in transaction volume supported consolidation, the short-term support break created short-term selling pressure. for altcoin RSI indicator is in balance, MACD has not yet given a full upward signal. This chart reveals that the price is in a compression phase and a major directional movement is approaching.
Analysts state that maintaining the support in the $2.61–$2.63 range could trigger an upward break. A bounce backed by volume could bring new momentum, pushing the price above $2.70. In the opposite scenario, $2.60 or even $2.55 levels may be retested.
