XRP Breaks $2.63 Resistance With Surge in Volume, Bulls Eye $2.75 Extension
XRP climbed 3% to $2.68 on Sunday, breaking cleanly above the $2.63 resistance level amid one of the largest volume spikes this month — signaling renewed bullish conviction in the market.
Market Snapshot
The token’s rally from $2.60 to $2.68 carved out a new support base between $2.61 and $2.63, confirming a shift in near-term structure as buyers absorbed supply during consolidation.
The breakout coincides with a rise in institutional demand, with several fund managers highlighting hundreds of millions of dollars in inflows into XRP-linked investment vehicles. Optimism surrounding potential regulatory updates and ETF developments has also helped strengthen sentiment.
Price and Volume Action
Trading activity surged to roughly 106.5 million XRP during the breakout hour — a 147% jump from the previous day’s average. Despite the heavy turnover, XRP traded within a tight $0.08 range, suggesting accumulation-driven buying rather than speculative volatility.
The session produced a sequence of higher lows, reinforcing the breakout pattern. XRP then consolidated near $2.67, with buyers defending positions rather than taking profits — a constructive sign of sustained demand.
Technical View
Sunday’s advance marks a decisive breakout from a multi-session resistance zone, confirmed by strong volume — a hallmark of institutional accumulation.
The immediate structure now defines support between $2.61 and $2.63, with resistance emerging at $2.70–$2.75.
Momentum indicators remain positive: both the RSI and MACD show improving strength on the daily timeframe, aligning with a broader bullish bias. Volume patterns — a sharp spike followed by controlled compression — further point to healthy absorption rather than exhaustion.
Outlook for Traders
Analysts are watching two key tests in the days ahead:
- A retest and hold of the $2.63 level, which would confirm the breakout.
- Sustained high volume, signaling a possible follow-through toward $2.70–$2.75.
On-chain metrics and institutional commentary, including remarks from Teucrium Trading on large inflows into XRP exposure products, lend additional support to the accumulation narrative.
However, a close below $2.61 would weaken the technical structure, risking a pullback into the prior consolidation range and invalidating the breakout setup.
