XRP Tests $2.46 Barrier After Bullish Run — Watch for Confirmation Above
2025-07-10 14:38:46
Main Idea
XRP tested the $2.46 resistance level after a bullish run, with institutional accumulation reaching record highs, but faced profit-taking pressure near the peak.
Key Points
1. XRP gained 2.6% during the July 9-10 session, reaching an intraday peak of $2.46 before profit-taking.
2. Institutional accumulation in XRP hit record highs, with 2,743 wallets holding over 1 million XRP each, totaling 47.32B coins.
3. Breakout occurred at 07:00 on July 10 as price breached $2.43 resistance with volume spiking to 78.3M.
4. Intraday high of $2.46 met with immediate rejection, capping upside momentum.
5. Final hour of trading saw a 0.73% drop from $2.45 to $2.44 as profit-taking accelerated.
Description
XRP posted steady gains during the July 9–10 session, pushing 2.6% higher as breakout volume drove the price to a $2.46 intraday peak before late-session profit-taking. Price action ranged $0.092 from a $2.351 floor to a $2.443 high, marking 3.85% volatility over the 23-hour stretch. The breakout was led by a surge in volume to 78.3 million at 07:00 on July 10, pushing XRP above key $2.43 resistance. The rally lost steam into the close, with sellers stepping in just below $2.46. News Background ...
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