XRP News Today: XRP Surges Past $3.30 as Volume Jumps 194.24% and Whales Target $5.00

XRP has experienced a notable surge in price and trading volume, capturing attention across the cryptocurrency market. The digital asset recently reached $3.60 following a period of consolidation between $2.30 and $2.80. After a temporary pullback to the 26 EMA at around $3.03, the price quickly rebounded above $3.30, signaling strong demand in the market. The 200 EMA and 50 EMA remain in an upward trend but are well below current price levels, reinforcing a well-established uptrend. Meanwhile, the Relative Strength Index has moved out of overbought territory but remains above the midline, suggesting that bullish momentum is still intact [1].

Over the past 24 hours, XRP’s trading volume has surged by 194.24% to $18.16 billion, indicating a significant increase in market participation. Derivatives open interest has also risen by 20.41% to $8.79 billion, showing that fresh capital continues to flow into the market. Additionally, options trading volume has spiked by 1,355%, as traders aggressively position themselves ahead of expected volatility [1].

Whale activity has further supported the bullish case. On Binance, the long-to-short ratio stands at 2.47 by account and 2.75 by position, highlighting a clear preference for long exposure among large traders. Analysts suggest that the next critical resistance level to watch is $4.00. A breakout above this level could open the door to higher targets at $4.50 and potentially $5.00, assuming the bullish momentum remains consistent [1].

However, maintaining the current upward trajectory will be crucial. A decline in speculative interest could trigger a sharper pullback, especially if the price drops below $3.00. Remaining above $3.20 would reinforce the positive outlook, while a close below $2.90 could signal a failure in the current bullish trend [1].

XRP’s strong volume, aggressive whale positioning, and favorable technical indicators all point to continued upward potential. Provided key support levels hold and inflows of capital persist, the cryptocurrency remains on a path that could see it test the $5.00 level in the near term.

Source: [1] XRP Price Skyrockets as Volume Jumps 191%, Whales Target $5 Amid Bullish Surge (https://coinmarketcap.com/community/articles/6895f1401214ff464aa18f64/)