XRP posted modest gains despite intraday volatility, recovering from early lows to close near $3.22 on strong afternoon volumes. Institutional accumulation and a late-session rally hint at upside continuation.
What to Know
XRP advanced 1.3% during the 24-hour period ending July 27 at 20:00, trading between a low of $3.15 and a high of $3.23. The token dipped to $3.16 early in the session but rebounded sharply on strong buying interest. A late-session rally added to bullish momentum as XRP settled near the top of its range, suggesting short-term strength heading into the next trading window.
News Background
Market conditions remained uncertain as crypto sentiment continues to digest recent ETF-related volatility and liquidation activity. Despite this, XRP showed signs of technical resilience, supported by signs of institutional buying pressure. Broader narratives around XRP's utility in cross-border payments and DeFi integration continue to underpin long-term interest.
Price Action Summary
• XRP declined to $3.16 around 09:00 before reversing higher
• Afternoon session saw volumes surge to 81.78M and 69.06M at 16:00 and 17:00, well above the 24-hour average of 38.25M
• The token traded in a narrow $0.07 range, or 2.17% spread, between $3.15 and $3.23
• Final hour rally lifted XRP from $3.21 to $3.22 with strong volume at $3.20-$3.22 levels
• Support held firm at $3.16, with multiple successful retests through the day
Technical Analysis
XRP formed a clean ascending channel throughout the session, with a series of higher lows from $3.16 to $3.22. Resistance near $3.23 capped gains, but the strong bounce from $3.20 in the final hour showed momentum strength. Volume spikes of 2.11M at 20:02 and 1.97M at 20:08 confirmed institutional interest and accumulation patterns. XRP now needs to decisively break and hold above $3.23 to confirm a short-term bullish continuation.
What Traders Are Watching
• Can XRP hold above $3.20 amid broader market consolidation?
• Will follow-through volume emerge to test the $3.25–$3.30 range?
• Institutional inflows remain key as spot volumes surge above average in recovery phases
• Technical traders eye confirmation of ascending channel breakout toward $3.30+
