XRP Price Breaks $3 Barrier: Institutional Flows Boost Trading Volume

XRP prices surged toward the $3 level this past session, with trading volumes soaring over 6% above weekly averages. This surge suggests a renewed wave of interest from institutional investors. Blockchain data reveals significant flows exceeding 155 million XRP during recovery periods, more than double the daily average of 63M. Analysts attribute this activity to larger players looking for opportunities within the cryptocurrency space. The token’s price action shows support at $2.93 and resistance at $2.99–$3.00. A decisive breakout above $3 could trigger a renewed surge.