XRP extended its advance at the end of August, climbing almost 9% during the week while trading closely around the psychological level of $ 3.00.
Gemini launched an XRP-Rewards mastercard with Webbank, offering up to 4% cashback in XRP. The press release pushed Gemini before Coinbase in the rankings of American iOS applications.
Institutional flows in XRP products have reached around 25 million dollars a day, adding depth to the backdrop of the market.
Analysts continue to monitor escape configurations, with longer -term technical objectives mentioned nearly $ 27 if the current compression phase is resolved.
Summary of price action
During the 24 -hour session ending on August 27 at 4:00 am GMT, XRP exchanged in a strip of $ 0.09 between $ 2.95 and $ 3.05, closing to $ 2.98 for an intraday drop of 1.3%.
The heaviest activity arrived at 8:00 p.m. GMT when volumes increased to 273.15 million – more than 4x the daily average of 62.47 million – because XRP briefly affected $ 3.05 before the sellers closed the move.
In the last hour (03: 04–04: 03 GMT), XRP consolidated in a range of $ 0.11 from $ 2.97 to $ 3.08, with repeated tests of $ 2.975 of support.
Volume peaks from 1.31 m to 03:59 and 1.19 m at 03:07 GMT coincided with short -term rallies to a resistance of $ 2.99.
Technical analysis
Support: $ 2.975 – $ 2.98 remains the key psychological floor after multiple successful defenses.
Resistance: $ 3.02 – $ 3.04 continues to increase attempts in the midst of high sales pressure.
Momentum: Stable RSI in the mid -1950s reflected neutral bias; The MacD histogram converging on a potential bullish crossing.
Volume: 273m The advanced renewal underlines the institutional presence, but also highlights a strong achievement of profits to the Resistance.
Patterns: Consolidation in progress nearly $ 3.00 suggests a basic construction phase, with potential continuation in the event of resistance at $ 3.04.
What traders look at
The bulls target $ 3.20 if the resistance band from $ 3.02 to $ 3.04 is erased.
Bear highlights $ 2.96 as the first drop-down trigger, with $ 2.94 as the following level below.
Market offices look at if the launch of Gemini Mastercard reduces incrementally retail trade in XRP.
Institutional entries greater than 25 million dollars per day remain essential to support the momentum.
