XRP News: XRP’s Clean Break Above $2.63 Repositions Bulls for Potential $2.80 Push

Key Takeaways:XRP surged 3% to $2.68, breaking above the key $2.63 resistance with its largest hourly volume spike this month.Institutional inflows and anticipation of ETF and regulatory developments are fueling renewed upside momentum.Analysts say support between $2.61–$2.63 will determine whether XRP can extend gains toward the $2.75–$2.80 zone.XRP Breaks Out on Heavy Volume, Signals Institutional AccumulationXRP rallied 3% to $2.68 on Sunday, breaking decisively above the $2.63 resistance level amid one of its heaviest volume surges of October. The move marks XRP’s first clean breakout in weeks, suggesting renewed institutional accumulation after an extended period of consolidation.The breakout coincides with fund managers reporting hundreds of millions in inflows into XRP-exposure vehicles, underscoring growing institutional confidence. Market observers say the move also aligns with expectations of upcoming regulatory clarity and potential ETF announcements, which could serve as further catalysts.Price Action: Resistance Flipped to SupportXRP climbed from $2.60 to $2.68, clearing the $2.63 threshold and establishing new support between $2.61 and $2.63.Trading volume surged to 106.5 million XRP within one breakout hour — 147% above the 24-hour average.The token held a tight $0.08 range, indicating structured accumulation rather than speculative churn.Late-session trading around $2.67 suggested buyers defending gains, a bullish sign for continuation.Technical Outlook: Constructive Setup Points to $2.75–$2.80From a technical standpoint, XRP’s structure now reflects a confirmed breakout above a multi-session resistance band with volume confirmation — a classic sign of institutional participation.Support has now anchored at $2.61–$2.63, while the next resistance band lies between $2.70 and $2.75.Momentum indicators remain favorable:RSI sits in a constructive mid-range, consistent with early breakout stages.MACD remains positive, though beginning to flatten, suggesting healthy consolidation after a strong burst.Volume distribution shows absorption rather than exhaustion, implying that large holders are accumulating rather than distributing.Traders Watch $2.63 Retest for ConfirmationTraders are closely monitoring two signals to validate the breakout:Holding the $2.63 support zone — a successful retest would confirm structural integrity.Sustained or renewed high volume — a pickup in activity could propel XRP toward $2.75–$2.80, marking the next measured move target.Meanwhile, on-chain data and comments from Teucrium Trading executives about continued fund inflows support the thesis of institutional accumulation beneath the surface.However, analysts caution that a daily close below $2.61 would negate the breakout, potentially trapping price back into its previous consolidation corridor.