XRP closed the latest session at $3.22 after rebounding from an early-day trough of $3.16, logging a narrow 2.2 % trading range yet printing higher lows that define an emerging up-channel. CoinDesk market data showed two afternoon surges—81.78 million tokens at 16:00 and 69.06 million at 17:00 UTC—well above the 38.25 million 24-hour average, indicating institutional demand around the $3.20 handle. Order-book analysis from CoinRoutes revealed stepped bids between $3.15 and $3.18 placed by three high-frequency market makers, cushioning downside attempts. The final hour of trade lifted price from $3.21 to $3.22 as short-term momentum traders chased the breakout narrative. The $3.23-$3.25 zone remains firm resistance dating back to July 14’s double-top at $3.25. Derivatives reflected cautious optimism. Bybit perpetual funding turned positive at 14 % annualised after remaining flat for two sessions. Options skew narrowed, with at-the-money August calls pricing 72 % implied volatility versus 74 % on equivalent puts. On-chain metrics continued to improve. Santiment recorded a 9 % weekly jump in active XRP addresses, while Ledger volumes on the newly launched XRPL EVM sidechain rose 27 % day-on-day to 2.3 million transactions, underscoring developer interest in Ethereum-compatible smart-contract deployment within the XRP ecosystem. Macro backdrop aided sentiment. The U.S. Treasury’s confirmation that stablecoin legislation under the GENIUS Act would exempt XRP-settled cross-border payments from securities classification spurred hopes for enterprise adoption. Payment processor FLEETCOR revealed a pilot using on-demand liquidity corridors in Southeast Asia involving $38 million in monthly volume. Technicians watch for a decisive daily close above $3.23 to confirm channel extension toward $3.30–$3.35. Failure to clear resistance could prompt profit-taking back to the $3.16 pivot. Still, funding, volume and regulatory catalysts collectively favour continuation, provided Bitcoin maintains stability near all-time highs.