In a surprising turn of events, XRP recorded a spike in trading volume, with over $33 million traded in just one minute across global exchanges.
This data is marked by reputable cryptocurrency analyst Xaif on X, indicating a liquidity event that appears to be closely coordinated. While XRP has witnessed significant trading surges in the past, this latest price increase stands out due to its speed and scale, drawing immediate attention from the broader cryptocurrency community.
Price Reaction: XRP Soars to $3.03
A strong surge in trading volume occurs amid XRP's notable price increase. On August 4, 2025, XRP rose nearly 6%, from around $2.83 to a daily high of $3.03, before stabilizing near $3.00. This price volatility coincides with a simultaneous explosion in trading volume, surpassing 110 million XRP, more than double the recent daily average for the coin.
Meanwhile, there has been notable trading in XRP on the spot market today, equivalent to over $423 million in USDT. The correlation between the surge in trading volume and rising price volatility indicates strong buying pressure, possibly due to institutional investors reacting to technical breakout levels.
Technical Momentum and Market Structure
Technically, XRP has shown strong bullish signals throughout the trading session. The coin successfully surpassed several resistance levels at $2.87, $2.92, and $2.97 before hitting the resistance level at $3.03. This barrier triggered modest profit-taking, but the price action remains solid near the local highs, indicating sustained market confidence.
Momentum indicators reinforce the bullish structure. The RSI(6) surged past 93, moving deep into overbought territory, while short-term exponential moving averages (EMA) maintain an upward trend. Despite these overheating signals, XRP's price stability suggests demand is driven by conviction rather than hype.
Institutional Activity and Strategic Positioning
Institutional traders are playing a crucial role in today's price surge. Over $14 million in leveraged buy positions have been opened across major exchanges, indicating widespread confidence in XRP's short-term trajectory. This follows a broader macro trend of increasing interest in XRP, especially as traders anticipate potential legal developments and easing geopolitical risks.
Xaif's mention of the $33 million per minute spike reflects a similar event last month when XRP witnessed a $29 million surge, another clear indicator of the strategic accumulation activity by whales and high-frequency trading bots.
Looking Ahead: Can XRP Climb Higher?
The key level to watch in the coming days remains $3.03. A strong breakout above this resistance could open the door to higher targets in the range of $3.10–$3.20. On the downside, the support level is currently being established around $2.97 and $2.92. Steady trading volume and upward momentum will be necessary to push XRP past recent highs and towards retesting historical peaks near $3.60.
Currently, the trading volume surge of $33 million reported by Xaif is a significant signal in XRP's current market cycle. It not only reflects strong short-term interest but also indicates the potential for large investors to change their long-term positioning. As XRP hovers around the critical $3.00 mark, both traders and analysts are closely monitoring the next decisive move.
