XRP sees modest gains but lags behind overall crypto market rally, with volume spiking nearly 10% above weekly average. Institutional interest grows as token trades around $2.41. Traders suggest accumulation rather than distribution at key levels near $2.40.

XRP trades within $0.17 range, reaching $2.54 before consolidating around $2.40–$2.41. Heavy participation seen during breakout attempt, but sellers defend resistance at $2.54. Successive lower highs indicate short-term bearish bias. Institutional accumulation behavior evident.

XRP forms descending triangle pattern between $2.54 resistance and $2.40 support, with volatility compressing. Persistent buying interest near $2.40 suggests strong defense zone. Directional bias remains uncertain, with potential pullback to $2.30 on break below $2.40. Breakout above $2.45–$2.54 could signal renewed bullish control.

Traders watch institutional flows to sustain above 9.5% volume surge threshold. Focus on $2.40 support for accumulation strength confirmation, and $2.54 resistance for breakout trigger. Macro catalysts like ETF decisions and gold decline may impact XRP’s range-bound or uptrend direction.

Read more at Yahoo Finance: XRP Lags Market Rally but Volume Tells a Different Story