XRP trade volume triple as price dey stall for $3
XRP trading volume sharply climb pass 110 million as di price of di token jump 6% reach high of $3.03 before profit-taking push am back to $3. Di rally between August 3 and 4 na because of breakout momentum plus big institutional flows. Strong resistance for $3.03 make heavy selling start, cause small reversal. Traders see intraday breakouts for $2.87, $2.92, and $2.97, but final pullback stop di gains. Daily range na $2.83–$3.03 with 7.4% swing. Technical indicators confirm support at $2.82 and show say volume-backed consolidation dey. Failed recovery at 01:35 mean momentum dey cool down. Market observers go dey watch for break pass $3.03 to target $3.07–$3.10 and downside support at $2.97 and $2.92. Dis move show say bigger altcoin rally dey happen amid sticky inflation and cautious central bank policies.
Bullish
Di increase for XRP trading volume and a new 6% price rally dey show say buying interest strong well well and institutional people dey participate. Even tho profit-taking make gains stop for the $3.03 resistance, history don show say such stops dey normally come before further upside when dem break key levels. The volume-backed consolidation at $2.82 and repetitive intraday breakouts mean say accumulation and demand dey steady. For short term, if e breakout well pass $3.03 e fit push price go $3.10. For long term, if macro pressure for equities still dey, e fit make more capital enter high-beta assets like XRP, wey go make the bullish trend strong.