XRP demonstrated technical resilience in recent trading sessions, bouncing from a $3.16 low to close near $3.22 on July 27 amid heavy afternoon volumes. The token gained 1.3% over 24 hours, trading within a narrow $3.15-$3.23 range (2.17% spread), with volume spikes reaching 81.78M and 69.06M—well above the 38.25M average—signaling institutional accumulation.
This price action follows XRP's recent milestone of hitting a seven-year high of $3.666, though it subsequently corrected 8.44% weekly to $3.18. Current consolidation between $3.00-$3.24 coincides with a 42% plunge in 24-hour trading volume to $4.04 billion, indicating cautious trader positioning ahead of potential breakout catalysts.
Technically, XRP maintains an ascending channel with higher lows, though resistance at $3.23 remains pivotal. Traders monitor whether sustained volume can propel a breakout toward $3.30, while macroeconomic eyes turn to upcoming Federal Reserve rate decisions that could influence crypto liquidity conditions.