XRP News Today: XRP Surges 9.8% Amid Growing Bullish Momentum and Derivative Volume Spike

XRP has seen a significant price rebound, signaling renewed buying interest and a potential turning point in its short-term trajectory. On August 6, 2025, XRP rose 9.8% intraday, with buyers stepping in to support the $3.00 level, demonstrating resilience following earlier volatility [2]. This came after a failed attempt to push below $1.10 in July, which analysts observed as insufficient to undermine the overall bullish outlook for the asset [1]. A sustained move above $3.10 is being closely watched, with expectations that it could drive momentum toward the $3.55–$3.65 range [1].

The token’s recent performance was marked by a surge in trading volume and open interest in derivative markets. Within 24 hours, trading volume on derivatives platforms increased by 194.24%, reaching $18.6 billion, while open positions rose 20.41% to $8.79 billion [1]. The sharp 1,355% spike in options volume further underscores market expectations of heightened volatility [1]. Binance Square also noted a bullish structure for XRP, highlighting that a breakout above $3.02 could lead to new intraday highs [3].

Despite this optimism, XRP has faced resistance in the $3.10–$3.40 range, where it showed signs of exhaustion after a 30% price surge [4]. Intraday price fluctuations have remained pronounced, with the token oscillating between $2.97 and $3.34 in early August [5]. While the overall price trend has been positive—XRP has gained 12%—it has yet to break through key resistance levels that could signal a more definitive bullish move [2].

Technical indicators remain broadly supportive of the upward trend. The 200 EMA and 50 EMA levels are significantly below the current price, reinforcing the bullish sentiment. The RSI, though having retreated from overbought levels, remains above the midline, suggesting that the upward momentum is not yet exhausted [1]. Maintaining price above $3.20 is considered crucial, with a drop below $2.90 potentially threatening the current bullish trajectory [2].

XRP’s price movement has also been influenced by broader market dynamics. Alongside a general altcoin rally, XRP gained 12% in a period that also saw gains in Ether and Dogecoin. Analysts linked the resurgence to growing investor appetite for risk-on assets, supported by macroeconomic expectations and developments in the ETF market [6].

While legal uncertainties surrounding Ripple continue to loom, recent developments have provided some clarity. A dismissal filing on August 7, 2025, cleared the way for renewed market momentum [7]. However, long-term legal scrutiny remains a concern, with speculative projections noting that a $2,500 investment would require a substantial price increase for it to reach $1 million in a decade [8].

Buyers currently remain in control, with the market closely watching for a breakout above critical thresholds. Whether XRP will transition from a consolidation phase to a sustained bullish trend depends on continued volume support and the ability to overcome key resistance levels.

Sources:

[1] AInvest - https://www.ainvest.com/news/xrp-news-today-xrp-fakeout-1-10-fails-dampen-bullish-outlook-analysts-eye-3-65-breakout-2508/

[2] AInvest - https://www.ainvest.com/news/xrp-news-today-xrp-bounces-9-8-intraday-3-00-support-tests-buyers-resolve-2508/

[3] Binance - https://www.binance.com/en/square/post/27966646912058

[4] The Currency Analytics - https://thecurrencyanalytics.com/webstories/xrp-bulls-struggle-to-hold-momentum-as-price-stalls-below-3-10/

[5] Binance - https://www.binance.com/en/square/post/28022490890297

[6] Yahoo Finance - https://ca.finance.yahoo.com/quote/ETH-USD/news/

[7] Instagram - https://www.instagram.com/p/DNEhXE0ykqV/

[8] AOL - https://www.aol.com/finance/not-fast-ripples-legal-woes-082000613.html