XRP climbed roughly 6 percent in Wednesday trading, pushing above the 1.40 level as exchange data revealed a sharp rise in spot demand from both retail and institutional participants. The move comes amid broader crypto market stabilization, with bitcoin trading near 67000 and risk appetite gradually returning after recent volatility.
Price action showed XRP advancing from around 1.34 to approximately 1.42 during the session. The decisive break above 1.37 triggered a surge in trading activity, with volume expanding well beyond recent daily averages. Market participants noted that spot buyers significantly outpaced sellers, with one exchange reporting that retail purchase volumes jumped more than 200 percent between February 23 and 24. Buy orders reportedly exceeded sell orders by more than two to one, pointing to sustained accumulation rather than short covering.
The rally follows a mid February correction that saw spot traders realize substantial losses as leverage unwound across the broader crypto market. Analysts say such shakeouts often clear speculative excess and create conditions for stronger recovery phases once selling pressure subsides. In the current case, XRP appears to be benefiting from renewed positioning rather than momentum driven speculation alone.
Institutional flows have also supported the move. Since their launch in mid November, newly introduced XRP exchange traded funds have accumulated about 1.1 billion dollars in net assets. These funds have recorded consistent inflows with only limited outflow sessions, even as bitcoin exchange traded products remain negative on a year to date basis. The divergence suggests a possible rotation within digital asset allocations, with investors selectively increasing exposure to alternative large cap tokens.
From a technical perspective, the sustained move above 1.37 marked a key structural shift. The breakout was accompanied by rising volume and a sequence of higher intraday lows, indicating constructive momentum. XRP briefly tested levels near 1.43 before consolidating around 1.42, where buyers continued to defend gains.
Traders are closely monitoring the 1.40 to 1.42 area as a potential support zone. Holding above this range would reinforce the breakout thesis and keep attention on overhead resistance near 1.45. A successful push beyond that level could attract additional momentum based participation and expand the short term trading range.
At the same time, market participants remain alert to downside risks. A sustained drop back below 1.37 would weaken the bullish structure and could draw price back into its prior consolidation band. For now, the combination of elevated volume, strong spot dominance and steady institutional inflows reflects improving positioning conditions within the XRP market.
