XRP breaks key resistance at $1.45 with elevated volume, outpacing Bitcoin and Ether in a sharp intraday rally.
XRP climbed 2.5% to breach the $1.45 resistance level, marking its strongest intraday move in weeks. The breakout was accompanied by a significant volume spike, suggesting institutional or larger traders drove the rally rather than retail participants.
The cryptocurrency had been consolidating below $1.45 for weeks, with analysts highlighting bull flag and triangle patterns. Thin liquidity across exchanges amplified the move, though profit-taking emerged near the $1.50 psychological level, pulling prices back toward the breakout zone.
Traders are now eyeing $1.44 to $1.45 as critical support, while a sustained push above $1.50 could target $1.56 and $1.80. XRP traded within a 6.5% range during the session, peaking at $1.4524 after opening near $1.4176.