- XRP moved above $3.00 in a high-volume trading session, indicating strong interest from large investors.
- The token traded in a range between $2.96 and $2.99 over 24 hours, with a midday breakout driven by six times the usual trading volume.
- Buyers consistently maintained support at $2.98 as the price faced resistance at $3.02.
- Open interest in XRP futures climbed to $7.94 billion, suggesting increased activity in both spot and derivatives markets.
- Technical analysis suggests a potential rally to the $3.60 area if current momentum continues and resistance breaks.
XRP surpassed the $3.00 mark during a highly active trading session on September 10. The price movement took place on heavy volume, signaling greater participation by institutional traders.
In the 24-hour period from September 9 at 9:00 PM to September 10 at 8:00 PM, XRP climbed from $2.96 to $2.99. The most notable action came during the midday session, when volumes spiked to 116.7 million and 119 million tokens within a single hour. This figure far exceeded the daily average volume of 48.3 million, according to the latest figures.
During this rapid price movement, XRP briefly reached $3.02 before meeting resistance. The token faced selling pressure in the final hour, dropping to $2.98, but buyers quickly re-established support. This sequence created a new price floor around $2.98, with repeated attempts to push above $3.02.
Futures open interest—a measure of outstanding contracts in the derivatives market—rose to $7.94 billion, underlining increased trader positioning in XRP. Analysts have identified a descending triangle breakout, a chart pattern that can indicate further upward momentum. Technical forecasts suggest that if XRP can close above $3.02, price targets in the $3.20 to $3.60 range may come into focus.
Much of this trading is occurring as investors await the next Federal Reserve policy meeting on September 17, watching for changes in dollar liquidity and interest rate expectations. Risk markets, including large-cap cryptocurrencies like XRP, often react to these macroeconomic signals.
The late-session volume spike—exceeding 1.6 million tokens per minute—points to possible institutional buying at lower prices. Traders are closely tracking whether XRP can hold above $3.00 and if upcoming trading sessions will see a sustained break through immediate resistance levels.
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