XRP Rejected Above 3 Closes Lower as Sellers Dominate

XRP’s early rally into $3.07 met heavy distribution on elevated volume, leaving a high-volume ceiling intact and pulling price back to $2.98. Institutional prints confirmed $3.07 as resistance, while repeated defenses near $2.98 kept losses contained.
XRP slipped 1% from Oct. 5, 03:00 to Oct. 6, 02:00, retreating from $3.01 to $2.98 despite opening strength.
The token spiked to $3.07 in early hours, only to face concentrated selling pressure.
Analysts said institutional desks were active at resistance, with turnover 17% above daily averages. Despite bearish control through much of the session, XRP ended with a rebound off $2.98, signaling continued accumulation interest.