XRP News: XRP Trading Volume Surges With Institutional Flows as Token Tests $3

Key TakeawaysXRP rallied toward $3, with trading volumes rising 6% above weekly averages, signaling renewed institutional interest.On-chain data flagged 155M XRP turnover during recovery periods, well above the 63M daily average.Price action shows support at $2.93 and resistance at $2.99–$3.00, setting up a decisive breakout test.Traders are watching whether $2.93 holds or if a clean break above $3 triggers further upside momentum.XRP Price Action: Bulls Eye $3XRP surged toward the $3 mark in the past session, with trading volumes spiking over 6% above their weekly baseline. The token swung sharply between $2.84 and $2.99 within a 23-hour window, highlighting elevated volatility.The strongest push came late on Aug. 20, when XRP jumped from $2.84 to $2.99 on nearly 80.6M volume. Subsequent trading consolidated around the $2.89–$2.93 support zone, repeatedly bouncing off that level before stabilizing.On-Chain Data Points to Institutional FlowsBlockchain data flagged significant institutional-sized flows, with 155M XRP moving during recovery periods—more than double the daily average of 63M. Analysts noted this activity reflects renewed demand from larger players, helping underpin price support even as retail traders awaited clearer direction.Market chatter suggested XRP was testing new highs, but the token’s all-time peak remains $3.84 from January 2018, underscoring that current levels reflect recovery momentum rather than price discovery.Technical OutlookSupport: $2.89–$2.93 zone shows strong resilience, confirmed by multiple high-volume bounces.Resistance: $2.99–$3.00 remains the critical ceiling, with repeated rejections halting upward momentum.Pattern: Sideways consolidation following a bullish impulse, with momentum tilting slightly downward.What Traders Are WatchingWhether $2.93 support continues to hold or slips toward a retest of $2.82.A decisive break above $3.00 that could trigger trend continuation and renewed upside.Sustainability of institutional flows — if volumes fade, bulls risk losing control.XRP’s price consolidation near $3 sets up a pivotal moment. If on-chain demand and volume strength persist, a breakout above $3 could mark the start of a stronger recovery leg.