XRP’s Sharp Technical Breakout Positions Bulls for Next Leg Up to $2.80

XRP Breaks Above $2.63 Resistance as Volume Surges, Bulls Target $2.75

XRP advanced 3% to $2.68 on Sunday, breaking through the $2.63 resistance level on one of the strongest volume spikes this month. The move lifted market sentiment and reestablished short-term bullish momentum across XRP pairs.

Market Overview

XRP’s price rose from $2.60 to $2.68, confirming a clean breakout and forming new support between $2.61 and $2.63. The rally aligns with increasing institutional participation, as fund managers report hundreds of millions of dollars in inflows into XRP-related products. Optimism over upcoming regulatory and ETF developments has further boosted investor confidence.

Price Action and Volume

During the breakout, trading volume surged to about 106.5 million XRP, up 147% from the 24-hour average — evidence of strong participation rather than speculative noise. The token traded within a narrow $0.08 range, signaling steady accumulation. A series of higher lows reinforced the breakout, while late-session consolidation near $2.67 suggested buyers were defending gains.

Technical Picture

The rally represents a textbook breakout from a multi-session resistance area, confirmed by robust volume — a setup often linked to institutional accumulation.
New support sits at $2.61–$2.63, while the next resistance zone lies between $2.70 and $2.75.

Momentum indicators, including the RSI and MACD, remain positive on daily charts, showing improving strength. Volume compression after the breakout supports the view of healthy absorption rather than exhaustion.

Outlook

Traders are watching two near-term triggers:

1. A successful retest of the $2.63 support zone, which would validate the breakout.
2. Sustained or rising trading volume, increasing the probability of an advance toward $2.75.

Recent commentary from Teucrium Trading executives highlighting substantial inflows into XRP exposure products adds weight to the bullish case.

However, analysts caution that a close below $2.61 would weaken the structure, potentially dragging price back into the prior consolidation range.