XRP News Today: XRP Surges Past $3 for First Time Since 2018 on Strong Institutional Demand

XRP surged past $3 for the first time since 2018 on August 4, 2025, driven by increased institutional buying and renewed altcoin market interest. The token reached a high of $3.03 before retreating slightly to settle at $3.00 by the end of the day, marking a 6% gain in the 24-hour period [1]. This rally followed a week of volatility, with XRP repeatedly testing key resistance levels and showing mixed sentiment among traders. Analysts noted that the ability of XRP to hold the $3 level is a positive sign for its near-term prospects [3].

The surge was accompanied by a significant increase in trading volume, which more than doubled during the period, reaching $5.28 billion in 24 hours [4]. This surge in activity reflects heightened market participation and underscores the token’s growing appeal. Institutional investors were identified as key players, with their buying pressure contributing to the upward movement. However, the same institutions began to take profits, leading to a temporary retracement to around $2.75 [1]. This behavior is common in high-liquidity environments and is seen as a natural part of market cycles.

On-chain data indicated peak sell pressure during the retracement phase, creating a temporary support level near $2.75 [2]. This price floor contrasts with the relative stability observed in major cryptocurrencies like Bitcoin and Ethereum, signaling a shift in market focus toward altcoins. Analyst CryptoGoos highlighted the importance of XRP maintaining its position above $2.75, warning that breaking below this level could lead to further downward movement [6].

The broader market context includes the ongoing SEC v. Ripple legal case, which continues to influence investor sentiment and regulatory expectations [2]. While XRP’s recent performance has outpaced many of its peers, the token’s long-term stability remains contingent on both institutional demand and regulatory developments. The current price action suggests a rotation into altcoins, with XRP benefiting from increased liquidity and speculative interest.

As XRP faces a critical juncture, market participants are closely monitoring for signs of sustained buying or a breakdown below key levels. If institutional demand continues, the token could see further upward movement. However, macroeconomic factors affecting the broader cryptocurrency market remain a wildcard in the near term [4]. The coming days will be crucial in determining whether XRP can consolidate gains or face renewed selling pressure from profit-takers.

[1] https://m.economictimes.com/crypto-news-today-live-04-aug-2025/liveblog/123081462.cms

[2] https://www.mitrade.com/insights/news/live-news/article-8-1007829-20250803

[3] https://www.binance.com/en/square/profile/square-creator-521993402e68

[4] https://www.instagram.com/p/DM7dFjlyzYw/

[6] https://cryptodnes.bg/en/news/altcoins/