XRP posted a sharp rally to a new all-time high of $3.61 before entering a corrective phase that now appears to be transitioning into a consolidation zone. Despite a volatile session that saw the price dip as low as $3.34, buyers quickly stepped in to defend the key support, helping the token close near $3.45 — a sign of ongoing strength beneath the surface.
XRP Hits Record High Amid Legislative and ETF Momentum
XRP’s rally was fueled by strong regulatory tailwinds. The recent passage of multiple U.S. crypto bills — including the CLARITY and GENIUS Acts — created renewed optimism in the market. Adding to this was the news that ProShares filed for the first XRP futures ETF, and 11 more firms submitted spot ETF applications, pushing market expectations of ETF approval to 88% by December 2025.
XRP surged to $3.61 on heavy institutional interest before consolidating near $3.45.
Institutional Accumulation Signals Strong Underlying Demand
The most notable technical signal was a volume surge of over 308 million XRP at the $3.34 level, which market analysts interpret as an institutional accumulation zone. This level now acts as a critical support floor that must hold if bullish sentiment is to remain intact.
The $3.34–$3.37 zone recorded more than double the average volume, confirming strategic interest from large buyers.
XRP Technical Outlook: Resistance and Support Levels to Watch
The session range was wide, stretching from $3.61 to $3.34, marking a 7.48% swing. Although a brief recovery attempt reached $3.4759, resistance at $3.47–$3.48 held firm as some institutional players took profits.
Despite this, XRP closed the session up from its lows, indicating that buyers are accumulating rather than exiting positions.
Support remains strong between $3.34–$3.37, while resistance holds at $3.48.
What’s Next for XRP Price Action?
Market participants are closely watching for a break above $3.48, which could set the stage for another move toward $3.60–$3.64. As long as the $3.34 support floor holds, XRP remains in a bullish medium-term structure.
The current consolidation may serve as a launchpad if volume re-accelerates and resistance is breached.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.