XRP Breaks $2.63 Resistance as Institutional Interest Drives 3% Surge

XRP rallied 3% on Sunday, climbing from $2.60 to $2.68 and surpassing the critical $2.63 resistance level. This decisive breakout came on one of the highest trading volume spikes of the month — around 106.5 million XRP traded within an hour, marking a 147% jump over the previous 24-hour average. The price action reflected controlled accumulation, with XRP moving within a tight $0.08 range and closing the session near $2.67, showing that buyers were defending their gains rather than cashing out.

The surge aligns with rising institutional demand and growing interest from fund managers, some citing “hundreds of millions” flowing into XRP-linked products. Market optimism is further fueled by expectations surrounding potential regulatory clarity and upcoming ETF developments, both of which could amplify adoption and liquidity in the near term.

From a technical perspective, XRP’s breakout above multi-session resistance at $2.63 confirms a strong bullish structure supported by volume. The newly established support zone lies between $2.61 and $2.63, while immediate resistance is seen near $2.70 to $2.75. Volume dynamics reinforce the bullish outlook — a sharp surge during the breakout followed by lower volatility during consolidation suggests absorption and institutional accumulation. Indicators like RSI and MACD remain positive, underscoring continued upward momentum.

For traders, two key points stand out: maintaining support above $2.63 would validate the breakout, while sustained or renewed volume could propel prices toward the $2.70–$2.75 range. On-chain data and reports from institutional players, including Teucrium Trading executives, continue to support the narrative of large-scale accumulation. However, a daily close below $2.61 could negate the bullish setup, signaling a return to consolidation.