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XRP Edges Higher to $2.63 as Volume Surges Signal Growing Trader Interest
Onchain data show a roughly 3.36% drop in exchange reserves since early October — a historically bullish signal tied to accumulation.
Updated Oct 28, 2025, 5:34 a.m. Published Oct 28, 2025, 5:25 a.m.
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What to know:
- XRP rose 0.89% to $2.63, with trading volumes increasing 26% above weekly averages, indicating potential breakout moves.
- The price fluctuated within a $0.087 range, peaking at 101.6 million units but failing to break the $2.70 resistance.
- Traders should watch if support between $2.61-$2.63 holds, as a bounce could lead to a breakout above $2.70.
News Background
XRP gained 0.89% to $2.63 during Tuesday’s session as trading volumes climbed approximately 26% above weekly averages, reflecting heightened institutional and trader positioning ahead of potential breakout moves. The advance comes amid persistent technical consolidation within broader crypto markets, as participants await a directional trigger. Notably, on-chain data show a roughly 3.36% drop in exchange reserves since early October — a historically bullish signal tied to accumulation.
Price Action Summary
XRP traded within a $0.087 range between about $2.655 and $2.568, carving multiple higher-lows but remaining capped by resistance around $2.70. Volume peaked at ~101.6 million units during the session’s breakout attempt around 16:00 UTC, validating participation but failing to sustain above the ceiling. Late-session volatility hit a flash crash phase when price broke below $2.635 support, dropping briefly to $2.632 before recovering modestly, underscoring contested control between buyers and sellers.
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Technical Analysis
The current pattern shows consolidation between strong support around $2.614 and resistance near $2.70. Volume uptick supports accumulation, yet the recent breach of the $2.635 line introduces near-term downside risk. Momentum indicators remain neutral to cautiously bullish, with RSI steady and MACD not yet signalling full breakout conviction. The compression within this range suggests a coiling phase — which often precedes a breakout or breakdown.
What Traders Should Watch
Traders should monitor whether support between $2.61-$2.63 holds over the next sessions. A sustained bounce here, paired with rising volume, could validate the accumulation phase and favour a breakout above $2.70. Conversely, failure of that support line may open a retest of the $2.60 or even $2.55 zone. On-chain reserve declines and elevated volume bias favour the bullish case, but clear breakout confirmation is required for conviction.
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