XRP News Today: XRP trading volume triples as price retests $3 resistance

XRP experienced a significant spike in trading activity as the price approached and retested the $3 resistance level. According to reports, the retest triggered a trading volume surge of over 110 million XRP, more than tripling the asset’s daily average [1]. The price briefly hovered near $3.0166, just below the $3.0329 resistance level, with the relative strength index (RSI) rising above 60, signaling increased buyer momentum [3].

The surge in volume was driven by both institutional and retail demand, particularly from South Korea, where trading volumes on Upbit alone exceeded $95 million, making XRP the most actively traded asset in the region [1]. The price managed to clear intraday resistance levels at $2.87, $2.92, and $2.97, reinforcing the validity of the breakout [1]. Analysts noted that the clean break above these levels pointed to strong short-term bullish sentiment [2].

Technical analysis suggests that the $3.00–$3.03 zone remains a critical resistance area. A sustained move above this level could pave the way for a test of the key breakout zone between $3.12 and $3.14. If XRP manages to break through that, it could potentially reach the all-time high of $3.65 [1]. Meanwhile, support levels are currently anchored around $2.97–$2.92, with further levels at $2.85 and below [1]. However, momentum indicators such as the RSI and exponential moving averages (EMAs) show mixed signals, indicating a possible short-term overextension and minor fatigue in the upward trend [1].

The broader market environment also played a role in the surge. As the Ripple vs. SEC case approaches its expected resolution by August 15, optimism has grown, particularly with reports that Ripple is prepared to pay a $125 million fine and drop appeals [1]. This potential settlement is seen as a catalyst for bullish market sentiment. Additionally, the expansion of Ripple’s ecosystem, especially through its stablecoin RLUSD, is contributing to increased trading inflows and heightened market interest [1].

XRP’s performance in late July further reinforced its status as a focal point for traders. It printed higher lows and tested $3.23 resistance with heavy volume, suggesting that the $3 level had become a recurring price action zone [11]. On July 28, XRP traded above the $3 mark for several hours, gaining 3.74% in the previous 24 hours [7]. Reddit users also observed that the price had reclaimed the $3.00 level, with the move appearing more structural than temporary [9].

Despite these positive signs, traders began booking profits as the price approached key resistance, leading to a temporary stall in upward momentum [10]. As of August 4, XRP stalled at $3 as trading volume tripled, indicating strong but cautious market participation [10]. This pattern suggests that the $3 level remains a crucial inflection point. A sustained break above this level could drive further gains, while a failure to hold above may lead to a pullback toward key support areas [10].

XRP continues to attract attention as a digital asset with strong fundamentals in cross-border payments and fast transaction processing. The recent volume surge and price retest highlight growing investor interest, with both retail and institutional players showing conviction around the $3 resistance zone [1]. While the next move will depend on whether the level holds as support or resistance, the broader legal clarity and regulatory developments could significantly influence XRP’s trajectory in the coming weeks [1].

Binance suggested that if current buyer momentum persists, XRP could potentially reach a market cap of $130 billion, though this remains speculative and dependent on broader market conditions [4].

Source:

[1] XRP Trading Volume Triples as Price Retests $3 Resistance (https://coinpaper.com/10353/xrp-trading-volume-triples-as-price-retests-3-resistance)

[2] XRP, MAGACOIN FINANCE, and Ethereum Named Among ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1012201-20250805)

[3] XRP Trade Ideas — BITSTAMP:XRPUSD (https://www.tradingview.com/symbols/XRPUSD/ideas/?sort=recent)

[4] 6 Sleeper Altcoins That Could 10x in 2025 (https://www.binance.com/en/square/post/27847285623921)

[7] LINK.X - ChainLink (https://stocktwits.com/symbol/LINK.X)

[9] XRP - The Digital Asset for Payments (https://www.reddit.com/r/XRP/)

[10] XRP Surges, Stalls at $3 as Trading Volume Triples on Profit Booking (https://cryptonews.net/news/analytics/31370725/)

[11] XRP Surges, Stalls at $3 as Trading Volume Triples on Profit Booking (https://leapdigitalinvestments.com.au/)