And then as the structure tightens between $2.33 and $2.44

XRP is pulling back from intraday highs amid more intense trading activity, holding above key support levels while lagging broader crypto benchmarks.

News context

XRP slipped 1.17% to $2.39 during Tuesday’s session, underperforming the CD5 index by 1.47 percentage points as sellers regained control in the short term.
The move came despite a 5.77% increase in trading activity above weekly averages, signaling a tactical repositioning rather than an outright liquidation.
Price action remained contained within the $2.33 to $2.44 range, maintaining technical integrity even as market flows changed.
Traders described the move as “order book churn” – heavy rotation within a defined range – with institutions recalibrating ahead of potential catalysts.

XRP rose from $2.44 to $2.39 during Tuesday’s session, creating a descending channel defining a 4.2% volatility range.
The sharpest decline occurred around 9:00 p.m., when volume surged to 111.3 million – 83% above the 24-hour average – as bears pushed the price from $2.36 support to a session low of $2.33.
Buyers re-emerged around the psychological $2.33 level, triggering a modest rebound to $2.39 on lighter volume. Resistance firmed near $2.41, with repeated rejections shaping a lower and higher structure until the close.
The contained rally suggests positioning rather than directional conviction, with market makers managing stocks amid low conviction flows.

XRP structure remains range bound, with a descending channel forming between resistance at $2.44 and support at $2.33.
The token’s inability to rise above $2.41 reflects near-term exhaustion, although the persistent defense of $2.33 indicates strong supply depth.
Momentum indicators are hovering near neutral levels and volume remains high enough to support interest, but below breakout levels. Hourly data shows XRP stabilizing above the mid-range support of $2.38 while maintaining a narrower volatility band – a typical squeeze-before-breakout pattern.

Traders are focused on whether the reacceleration in volume confirms continued pressure or precedes a mean reversion push above $2.41.
A daily close above this resistance could trigger an extension of momentum towards $2.47 to $2.50, while an extended break below $2.33 risks a return to the $2.28 area.
Institutional desks also monitor macroeconomic correlations – including gold’s downside reversal and bitcoin’s steady supply – to gauge turnover dynamics among risk assets as volatility compresses.