XRP Gains Ground at $2.63 as Rising Volumes Point to Strengthening Trader Activity

XRP Holds at $2.63 as Exchange Outflows Signal Growing Accumulation

Market Overview
XRP rose 0.89% to $2.63 on Tuesday, extending its consolidation phase as trading volume climbed 26% above weekly averages, suggesting renewed market participation ahead of a possible breakout. Broader crypto markets remain range-bound, with traders positioning cautiously as volatility compresses.

Blockchain data show a 3.36% decline in exchange reserves since early October — a pattern historically associated with accumulation and reduced selling pressure, lending a bullish undertone to XRP’s recent stability.

Price Behavior
The token traded between $2.568 and $2.655, forming a series of higher lows but remaining capped below resistance at $2.70. Activity peaked around 16:00 UTC, with volume topping 101.6 million units as buyers tested resistance. However, the rally faltered, triggering a brief dip below $2.635 support to $2.632 before prices stabilized.

Technical View
XRP continues to coil within a tight range, anchored by support near $2.614 and resistance around $2.70. The volume uptick suggests accumulation, but short-term risks persist after the minor breakdown below $2.635. Momentum remains neutral to mildly bullish, with RSI steady and MACD awaiting confirmation of upward momentum.

Outlook
Traders should watch the $2.61–$2.63 zone for confirmation of support. A firm rebound from this area, coupled with continued volume strength, could validate the accumulation thesis and set up a move through $2.70.
A breakdown, however, could prompt a retest of $2.60 or $2.55. Despite near-term indecision, falling exchange reserves and heightened activity keep the medium-term outlook constructive for XRP.

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