XRP Moves Up to $2.63 as Trading Activity Jumps, Signaling Increased Market Engagement

XRP Holds Ground at $2.63 as Exchange Outflows Signal Accumulation Phase

Market Overview
XRP added 0.89% to reach $2.63 on Tuesday, with trading volumes jumping 26% above weekly averages, reflecting renewed market engagement from both retail and institutional participants. The token’s steady climb comes as broader crypto markets remain in a tight consolidation range, awaiting clear directional cues.

On-chain data reinforced a bullish undercurrent, showing a 3.36% decline in exchange reserves since early October — a trend often linked to long-term accumulation and reduced selling pressure.

Price Action
XRP moved within a $0.087 range between $2.568 and $2.655, printing several higher lows but struggling to break through resistance at $2.70. Trading volume peaked around 16:00 UTC, reaching ~101.6 million units during a failed breakout attempt. A brief dip below $2.635 pushed prices to $2.632 before recovering slightly, underscoring a balanced tug-of-war between buyers and sellers.

Technical View
The chart shows sideways consolidation, supported near $2.614 and capped around $2.70. Rising volume points to accumulation, but the short-lived breach of $2.635 highlights lingering volatility risks.
Momentum signals remain neutral-to-bullish, with RSI steady and MACD yet to confirm a breakout, suggesting a compression phase that could precede a strong move in either direction.

Outlook
Analysts are watching the $2.61–$2.63 zone closely. A sustained rebound from this area, alongside continued volume expansion, could validate the accumulation pattern and open the path toward $2.70 and beyond.
However, a break below support might trigger a pullback toward $2.60 or $2.55. Despite short-term caution, the decline in exchange reserves and strengthening participation keep the broader setup tilted bullish for XRP.