XRP Holds $2.85 After 3% Swing as ETF Hopes Dented by Profit-Taking

XRP traded inside a compressed $0.09 corridor after an early push to $2.91 was met with sharp ￰0￱ defended the $2.82–$2.84 zone, leaving the token consolidating at $2.85 into the close as volumes ￰1￱ flagged bearish divergences while reserves rose on Binance, raising caution ahead of the $3.00 ￰2￱ Background XRP has seen inflows of more than $6 billion over two days, driven by treasury adoption and speculative ￰3￱ focus sharpened as reports flagged zero corporate buy orders on Binance despite rising ￰4￱ Street technical desks advise caution until a breakout above the $3.00 threshold confirms trend ￰5￱ Action Summary Aggressive buying pushed XRP to $2.91 at 06:00 on 49.8 million in volume.

Profit-taking cut price back to $2.82–$2.84, with turnover well above the 24-hour average of 56.8 ￰6￱ in a $2.85–$2.86 band, with volume thinning to 4.9 ￰7￱ cap closed near $2.85, consolidating gains but failing to retest session ￰8￱ Analysis Resistance hardened at $2.91 on heavy rejection ￰9￱ validated at $2.82–$2.84 with multiple buy ￰10￱ through $2.85 at 01:43 on 1.5 million tokens signaled algo-driven demand. Late-session consolidation shows reduced selling pressure but weak ￰11￱ forming on momentum indicators cap upside risk in near ￰12￱ Traders Are Watching Can XRP reclaim $2.91 and close above $3.00 to flip resistance? Impact of Binance’s 19% reserve increase and whether inflows represent sell-side ￰13￱ scrutiny around exchange behavior and reported lack of corporate bids.

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