
XRP spent the weekend testing the upper bounds of its recent range amid volatile trading. Early on Sunday, 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 the supply. In fact, even a late-session 1.95 million XRP “flush” sale was immediately countered by dip-buyers at ~$2.979, reinforcing $2.98 as strong support coindesk.com.
The catalysts most likely to move markets.
Policy tone can move rates, USD, equities, gold and crypto simultaneously.
A weak final reading or elevated inflation expectations could pressure risk assets.
A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.