Rotation between assets is generating further inflows into risk assets as XRP outperforms major altcoins, reclaiming the $2.50 handle before profit-taking takes hold.
News context
- XRP posted a 3% intraday gain on Monday as traders retreated from defensive assets amid a pullback in gold and an uptick in bitcoin. The move came as broader markets digested easing geopolitical tensions and dwindling US inflation data, sparking near-term risk appetite for digital assets.
- Institutional desks reported renewed positioning in
Price Action Summary
- The token rose from $2.47 to a session high of $2.56 at the 19:00 UTC breakout, marking a 3% advance on volume of 141 million, approximately 150% above its 24-hour average. Buying momentum faded near resistance at $2.56, triggering a measured pullback towards the $2.42 to $2.45 area where demand re-emerged.
- Over the past hour, prices stabilized near $2.44 after a quick 1% rebound from the $2.42 low as market makers absorbed late-session selling. Total intraday volatility reached 6.4% in a range of $0.16, highlighting active institutional flow throughout the session.
Technical analysis
- XRP remains limited but constructive. The $2.42 to $2.44 support band has been retested several times, while the $2.54 to $2.56 area continues to limit upside momentum.
- Volume spikes during breakout attempts indicate persistent institutional commitment, although the sequence of lower highs suggests near-term consolidation.
- A decisive close above $2.56 would then expose $2.65; conversely, a break below $2.42 could extend losses to $2.35. RSI levels have moderated from overbought readings, leaving room for a further upward push if volume returns.
What traders are watching
• Asset Correlations: Continued weakness in gold or strength in bitcoin could maintain support for XRP.
• Confirmation of ETF deadlines by the SEC as a catalyst for volatility.
• Price stability above $2.42 support; failure in this area risks losing momentum.
• A retest of $2.56 breakout which could open targets towards $2.65 – $2.70.
