XRP Price Primed for Breakout? Whales and ETF Hype Fuel Rally as Ripple Aims to Become a Bank
XRP Price Action: Holding the Line at $3.00 XRP spent the weekend testing the upper bounds of its recent range amid volatile trading. Early on Sunday (Oct. 5), the token rallied to ~$3.07 in a burst of Asian-market buying, only to encounter intense sell orders that swiftly capped the surge coindesk.com. Institutional sell-side pressure at $3.07 was evident – turnover at that level ran 17% above daily averages, suggesting large players were taking profits or shorting into the rally coindesk.com. Once the ceiling hit, XRP slid back under $3, finding a floor around $2.98 as buyers stepped up to absorb