XRP News Today: XRP surges 11.15% as trading volume jumps 194.24% and bullish momentum builds

XRP has experienced a notable rally in recent trading sessions, with strong on-chain data and growing buyer participation fueling renewed optimism. Over the past 24 hours, trading volume surged by 194.24% to $18.6 billion, signaling a sharp uptick in market activity. The price initially surged to $3.60 before pulling back to the 26 EMA support level at $3.03, where it rebounded strongly and eventually pushed past $3.30 as buying pressure intensified [1].

At the same time, derivative markets have mirrored the bullish sentiment. Open interest has increased by 20.41% to $8.79 billion, and options volume spiked by 1,355%, suggesting heightened expectations of volatility among traders [3]. A notable feature of the recent price movement is the strength in long positions on major exchanges, particularly on Binance, where the long/short ratio stands at 2.47 by account and 2.75 by position [3].

From a technical perspective, the current price action appears to be supported by key indicators. Both the 50 EMA and 200 EMA levels are positioned below the current price, reinforcing the upward bias. The RSI, though having moved out of overbought territory, remains above the 50 threshold, suggesting continued upside potential [1].

The immediate resistance level for XRP is the $4.00 mark, a key psychological barrier that analysts believe could act as a catalyst for further gains if successfully breached. If XRP sustains its current momentum, it could potentially test the $4.50 level in the medium term, and even reach $5 if bullish pressure continues [3]. However, maintaining price above $3.20 is crucial for the trend to remain intact; a breakdown below $2.90 may trigger a reevaluation of the bullish case [3].

At the time of reporting, XRP was trading at $3.33, reflecting an 11.15% gain over the previous 24 hours. This follows a broader 10.1% increase since August 1, with on-chain usage rising alongside the price move [5]. The surge in network activity has been seen as a precursor to potential further price appreciation, especially as XRP previously reached $3.50 within a week, marking a 40% gain and pushing its market capitalization above $215 billion [6].

Despite the positive momentum, some analysts remain cautious. The Enigma Trader has highlighted that sustained whale flows exceeding +5 million XRP are necessary to confirm a shift in institutional sentiment and support further gains. Additionally, some traders are monitoring the distribution pattern that is currently forming, as it could indicate profit-taking by large holders [5].

In summary, XRP appears to be in the early stages of a potential breakout, supported by strong on-chain activity, technical indicators, and growing market participation. However, the sustainability of the rally will depend on continued volume expansion and whale-driven buying pressure.

Source:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-gains-194-24-trading-volume-bullish-technicals-strong-whale-positioning-2508/

[2] https://startupnews.fyi/2025/08/08/xrp-price-surges-12-as-traders-embrace-straddle-strategy-for-big-swings/

[3] https://thetradable.com/crypto/xrp-ripple-price-explodes-shocking-191-volume-surge-triggers-5-rally-dreams-1--v

[4] https://www.financemagnates.com/trending/why-crypto-is-going-up-bitcoin-ethereum-xrp-and-dogecoin-prices-today-lead-broad-rally/

[5] https://www.mitrade.com/au/insights/news/live-news/article-3-1021175-20250807

[6] https://www.btcc.com/en-US/square/XRP%20News/763939