**XRP Surges 1.79%: Strong Volume Signals a Bullish Reversal Towards $3.00**

XRP, the digital asset that has captured the attention of investors and traders alike, has recently demonstrated significant bullish momentum. On July 15, XRP saw a notable price increase of 1.79%, climbing from $2.89 to $2.95 within a 24-hour period. This price movement follows a brief dip to $2.84 early in the session, underscoring the asset’s resilience.

Key Price Movements and Trading Volume

During the early trading session, XRP faced some volatility, with trading volume peaking at 134.08 million. However, strong buy-side absorption emerged around the $2.84–$2.85 support zone. As the day progressed, XRP rebounded sharply in the final hour, rising from $2.94 to $2.95, backed by consecutive volume bursts of 1.3 million and 1.8 million. This surge validated the breakout strength and highlighted the growing interest in XRP.

Market Sentiment and Analyst Insights

After facing initial volatility, XRP regained its composure and climbed steadily through the trading day. Analysts attribute this resurgence to a combination of corporate treasury inflows and a tactical rotation into digital settlement assets. With a psychological barrier at $3.00 looming, the intraday structure now reflects increased bid support and breakout conviction. The upcoming July 18 launch of the ProShares ETF is expected to further reinforce these flows.

Price Action Summary

• Trading Range: $2.84 → $2.96
• Net Gain: $0.06 (1.79%)
• Support Zone: $2.84–$2.85 validated by institutional buying
• Breakout Levels: $2.94 cleared during final hour after multiple rejections earlier
• Final Hour (11:11–12:10): XRP rose from $2.94 → $2.95 (+0.69%)
• Volume Spikes: 1.3 million (11:46), 1.8 million (11:56) on upside breakout

Technical Analysis: A Bullish Outlook

The recovery from the $2.84 level coincided with elevated trading volume and the formation of a clear support zone. The final-hour breakout above $2.94 confirms a near-term bullish bias, suggesting that XRP is positioned for further gains. If the price can hold above the $2.95–$2.96 resistance range, a breakout to $3.00–$3.05 becomes increasingly actionable.

What Traders Are Watching

Traders are keenly observing whether XRP can close above $2.95 with expanding volume to confirm the breakout structure. A decisive move above the $2.96 level could open up the range to $3.00–$3.05. It is crucial for support to hold at $2.85–$2.88 to maintain the bullish channel. Additionally, institutional volume exceeding 100 million and breakouts accompanied by 2 million+ bursts are critical indicators to watch.

Takeaways from the Recent Price Action

XRP’s recent trading session was marked by early weakness followed by a robust recovery, characterized by volume-supported buying at $2.84 and a clean push into $2.95. This price action has reestablished bullish momentum, and all eyes are now on the $3.00 psychological barrier. A break above this level—coupled with significant trading volume—could unleash the next leg higher for XRP.

Conclusion: The Future of XRP

As XRP continues to navigate the complexities of the cryptocurrency market, its recent performance underscores the importance of volume, technical levels, and market sentiment. Investors are encouraged to stay informed and consider the latest developments, as the potential for further gains remains strong.

For more insights on XRP and its price predictions, check out our comprehensive guides on What is XRP and XRP Price Prediction.