- XRP is currently exchanging hands at a price of $3.01 and has resulted in a weekly loss of 3.1% but an impressive 5.82% increase in a day.
- Market capitalization improved by 5.66% to $179.51 as the trading volume rose by 118.62 %to $10.43 billion.
- Price has been consolidating between the support at $2.79 and resistance at $3.10, with a key weekly close needed above $3.03.
XRP was trading slightly above $3.02 as tension builds around a critical weekly close. The asset has fallen to $3.01 after it recorded a 3.1% decline in the previous week. Despite as much pullback as happened in the previous week, XRP went up by 5.82% in the previous 24 hours, with prices ranging from $2.76 to $3.10. Traders are closely observing whether XRP can manage a close above $3.03 in the coming one day and 17 hours. This plateau is now a critical watermark for the continuation of upward momentum in the near term.
Source: CoinMarketCap Market cap is now $179.51 billion, an increase by a 5.66% level in the same 24 hours. Such growth indicates sustained demand, particularly because intraday volume increased robustly. Intraday XRP volume was at $10.43 billion, a considerable 118.62% increase from yesterday. Such rising turnover indicates active participation on the part of retail investors and institutions.
The increased trading volumes also indicate more intense activity between the established support and resistance levels. Support remains robust at $2.79, while resistance remains at $3.10. These are the levels that make up the short-term channel of trade that is still closely monitored by investors.
XRP Struggles Below $3.10 as Volume Spikes, Consolidation Likely
Although XRP briefly tested higher levels during intraday trading, the token faced repeated rejection near $3.10. This resistance level now forms the upper boundary of its 24-hour trading range. However, the sharp increase in trading volume suggests market participants remain engaged despite the selling pressure.
The ability to close the week above $3.03 will likely depend on whether XRP can sustain buying momentum near this resistance point. If sellers maintain pressure around $3.10, price consolidation between the two levels could continue until further momentum develops according to analyst Egragcrypto analysis.
Support Level Maintains Market Structure
Despite the challenges at resistance, support at $2.79 continues to stabilize price action. Notably, buyers have defended this level through multiple sessions, preventing deeper retracements. The presence of strong buying interest around the support area reinforces its significance in maintaining current structure.
In parallel, XRP’s valuation in Bitcoin terms stands at 0.00002602 BTC, representing a 3.0% increase in comparative value. This relative strength demonstrates resilience against broader market shifts while adding further focus on short-term directional moves.
As the trading week progresses, the interplay between rising volume, tested resistance, and defended support remains central to XRP’s outlook. Market participants are now watching closely as the critical weekly close deadline approaches.
