XRP News Today: XRP Gains 194.24% Trading Volume Amid Bullish Technicals and Strong Whale Positioning

XRP is showing strong recovery potential amid a surge in trading volume and favorable technical indicators. On August 8, 2025, XRP’s trading volume increased by 194.24% to $18.16 billion, signaling renewed market interest and a bullish sentiment among traders. This significant rise reflects a growing influx of capital into the asset, reinforcing optimism for further upward movement [1].

Technical indicators also support the positive momentum. XRP’s Relative Strength Index (RSI) remains above the midline, suggesting continued bullish energy. Additionally, the 200 EMA and 50 EMA are well below the current price, reinforcing the integrity of the uptrend [1]. Whale activity on major exchanges, particularly Binance, shows a strong preference for long positions, with a long/short ratio of 2.47 by accounts and 2.75 by positions, indicating institutional confidence in XRP’s future [1].

Derivatives market data further underlines the strength of the rally. Open interest increased by 20.41% to $8.79 billion, and a sharp 1,355% spike in options volume highlights aggressive positioning for potential volatility [1]. Traders are adopting strategies such as long straddles, which suggest an expectation of large price swings without a clear directional bias, indicating heightened speculative activity [2].

Price-wise, XRP broke above the $3.60 level, a key milestone following months of consolidation between $2.30 and $2.80. A pullback to the 26 EMA (~$3.03) triggered renewed buying pressure, pushing the price back above $3.30. However, caution remains necessary. A pullback below $2.90 could undermine the bullish narrative, and the weekly RSI has shown signs of bearish divergence, which may signal potential weakness if volume declines [1][3].

Analysts highlight the importance of key resistance levels in the $3.10–$3.20 range, which should be closely monitored to confirm the sustainability of the upward trend [5]. If XRP maintains strong buying momentum beyond the $4.00 level, it could potentially target $4.50 in the medium term, provided derivatives inflows and spot buying remain robust [1].

The broader market environment also supports XRP’s positive trajectory. Ripple’s recent expansion of its stablecoin payment infrastructure has contributed to the asset’s resilience [4], aligning with a generally bullish tone in the cryptocurrency market. As traders and investors continue to monitor key support and resistance levels, XRP’s ability to maintain volume and price strength will be crucial in determining the next phase of its recovery [1].

Source:

[1] +191% for XRP: Enormous and Unexpected Recovery (https://u.today/191-for-xrp-enormous-and-unexpected-recovery)

[2] XRP Price Surges 12% as Traders Embrace Straddle ... (https://startupnews.fyi/2025/08/08/xrp-price-surges-12-as-traders-embrace-straddle-strategy-for-big-swings/)

[3] XRP price today: whales dump $1.9B after Ripple's legal win (https://www.msn.com/en-in/entertainment/bollywood/xrp-price-today-whales-dump-1-9b-after-ripple-s-legal-win-short-term-test-or-medium-term-breakout-ahead/ar-AA1K7qd2)

[4] XRP rebounds amid Ripple's stablecoin payments expansion (https://www.fxstreet.com/cryptocurrencies/news/xrp-price-shows-resilience-as-ripple-acquires-rail-advancing-stablecoin-payments-202508071700)

[5] XRP Price Drops 4.2% Amid High Volatility and Resistance ... (https://www.ainvest.com/news/xrp-news-today-xrp-price-drops-4-2-high-volatility-resistance-3-04-2508/)