XRP Surges on Upbit with Record Volume, Signals $3.10 Rally

XRP is experiencing renewed momentum in the cryptocurrency market, particularly on South Korea's Upbit exchange where it recorded $237 million in 24-hour trading volume, surpassing Bitcoin and Ethereum. Technical analyses indicate a bullish setup, including an inverse head-and-shoulders pattern and consolidation within a rising channel, suggesting potential price surges toward $3.10 and beyond. Despite a recent dip below the exponential moving average ribbons, historical patterns imply this could precede a rebound, with traders closely watching whether XRP can reclaim key support levels. Institutional interest appears to be growing, as evidenced by volume spikes and accumulation phases ahead of significant regulatory events like SEC ETF decisions and Ripple's capital raising efforts. XRP's steady fundamentals and ongoing partnerships in Asia and the Middle East further support its position as a utility-driven asset with prospects for continued growth into 2025. Overall, market sentiment around XRP is cautiously optimistic, with investors awaiting confirmation of breakout signals that could drive further gains.