XRP jumps 3% above $1.14 as institutional buying meets key resistance test

XRP surged 3% to trade above $1.14 on Tuesday, marking its strongest session in several days. This price movement was accompanied by a significant increase in trading volume, indicating heightened market interest. However, traders are closely monitoring whether this upward momentum can overcome a persistent longer-term downtrend that continues to suggest a downward trajectory for the cryptocurrency. The current price action represents a key resistance test for XRP, with market participants assessing its ability to sustain gains and potentially reverse the prevailing bearish sentiment. The surge occurred amidst broader market activity, though specific catalysts for XRP's immediate jump were not detailed.