XRP experienced a sudden rally, climbing from $2.92 to $3.05 in the latest session as whale addresses executed large sell orders that triggered heightened trading activity. On-chain data captured a one-minute volume spike of $33 million—the largest such surge for the token this year—and recorded institutional flows exceeding $2.1 billion. Market observers noted that despite this intense activity, leveraged long positions modestly expanded by $14 million on leading exchanges, signaling that some traders are positioning for further upside.
Technical analysis revealed that XRP breached the $3.00 psychological level during peak volume, establishing a temporary foothold for the market’s next directional move. Yet the token encountered near-term resistance at $3.09, consistent with a sell signal flagged by the TD Sequential indicator on the three-day chart. On shorter time frames, the relative strength index hovered in overbought territory, while 4-hour charts showed a slight decline in momentum. Multiple AI-driven models, however, remain bullish, predicting targets up to $3.12 by August 31, assuming volatility remains elevated but contained.
Underlying the price action is a broader risk-on rotation into high-liquidity major tokens. Traders have rotated away from smaller altcoins in response to geopolitical events and macroeconomic uncertainty, channeling capital into assets with deeper order books. Despite the surge, on-chain analysis by several platforms highlighted net outflows of XRP from centralized exchanges, suggesting that large holders may be moving tokens into cold storage ahead of anticipated regulatory commentary from the SEC on August 15.
Looking ahead, market participants will monitor whether XRP can sustain support above $3.00 into the weekend and whether resistance at $3.09 yields to additional buying pressure. The impending regulatory update represents a binary event for XRP’s classification, carrying the potential to either validate the token’s securities treatment or introduce fresh headwinds. In the interim, traders will weigh AI price targets against classical technical levels and regulatory developments to inform their strategies over the coming weeks.
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