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XRP’s latest trading session saw heightened volatility, with the token fluctuating between $2.83 and $3.11 before settling at $3.04, marking a 9.8% intraday swing. Price action faced persistent resistance in the $3.09–$3.11 range, while the $3.00–$3.02 zone continued to provide solid support. During the Asia trading hours, XRP briefly slipped to $2.97 before staging a swift rebound, underscoring the market’s underlying buying interest at lower levels.
Trading activity remained robust, with over 110 million XRP changing hands throughout the session. A single $33 million transaction executed within one minute briefly rattled order books, triggering rapid adjustments.
Institutional Flow
Institutional participation in XRP trading remained net neutral. Outflows totaling approximately $2.1 billion in token divestment were effectively offset by $14 million in leveraged long positions. This balance suggests that while some large holders are reducing exposure, others are strategically positioning for potential upside.
Regulatory Context
On the regulatory front, the Bank Policy Institute (BPI)—representing 42 major banks—formally lodged objections to Ripple’s pending banking license. This marks the most concentrated and coordinated challenge from the traditional banking sector since Ripple’s partial legal victory over the SEC, injecting fresh uncertainty into its regulatory trajectory.
Technical Outlook on the XRP Market
The XRP market recently rallied from approximately $2.27, breaking decisively above the key $3.00 resistance level before peaking at $3.50. Profit-taking at this high point triggered a pullback, but strong bullish sentiment remained evident as traders re-entered around the $2.70 zone. From there, the market rebounded, once again approaching the critical $3.50 level.
As price action nears this resistance, signs of caution are emerging. The Bollinger Bands indicate elevated volatility, suggesting the market may enter a consolidation phase. If buying and selling pressure find equilibrium at this point, volatility could subside—setting the stage for the next significant price move.
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