XRP experienced a 6% increase in a 24-hour trading window, driven by breakout momentum and institutional flows, despite heavy selling pressure at $3.03.
XRP surged 6% from $2.83 to a high of $3.03 before closing at $3.00 during a recent 24-hour trading period. The rally was fueled by strong breakout momentum and institutional flows, with trading volumes exceeding 110 million. However, profit-taking at the $3.03 level led to a reversal of some gains. This movement is part of a broader altcoin rally as traders seek high-beta tokens amidst ongoing macroeconomic challenges, including persistent inflation and cautious central bank policies.