XRP Builds Momentum with Higher Lows, Challenges $3.23 Resistance Amid Heavy Trading

XRP Climbs Despite Volatility, Closes Near $3.22 on Strong Volume; Institutional Buying Signals Potential Upside

XRP gained 1.3% over the past 24 hours, recovering from an early dip to trade near $3.22 by the close, backed by heavy afternoon volume. The token’s late-day surge and signs of institutional accumulation indicate momentum could continue higher.

Key Points

XRP traded between $3.15 and $3.23 during the 24-hour session ending July 27 at 20:00 UTC.
The price dropped to $3.16 in the morning but quickly bounced back as buying picked up.
A notable volume increase in the afternoon helped XRP finish near its daily high, signaling strength for the next trading period.

Market Overview

Despite ongoing uncertainty from recent ETF volatility and liquidation events, XRP showed resilience supported by institutional interest. Its continued relevance in cross-border payments and decentralized finance applications keeps long-term investor confidence steady.

Price and Volume Details

XRP hit a low of $3.16 around 09:00 UTC before reversing course.
Afternoon volumes surged to 81.78 million and 69.06 million at 16:00 and 17:00 UTC, significantly above the daily average of 38.25 million.
The token traded in a tight range of $3.15 to $3.23, about a 2.17% spread.
A strong rally in the last hour lifted XRP from $3.21 to $3.22 on heavy volume between $3.20 and $3.22.
Support at $3.16 was tested and held multiple times during the day.

Technical View

XRP formed a steady ascending channel throughout the session, with higher lows building from $3.16 to $3.22. Resistance at $3.23 capped gains, but a solid bounce off $3.20 late in the day showed bullish momentum remains intact. Volume spikes of 2.11 million and 1.97 million around 20:00 UTC suggest institutional buying. A clear break and hold above $3.23 would confirm short-term bullish continuation.

Traders’ Focus

Will XRP hold above $3.20 amid broader market consolidation?
Is there enough volume to challenge the $3.25–$3.30 resistance zone?
Institutional inflows continue to be key as spot volumes rise during recovery phases.
Confirmation of an ascending channel breakout could push XRP toward $3.30 or higher.