$33M Traded in a Minute as XRP Tops $3 — Technical Analysis Suggests This Could Be Next

XRP Hits $3.05 Amid Record Minute-Level Volume — AI Forecasts Hold Firm Despite Resistance

XRP climbed to $3.05 in the last 24 hours, driven by a rapid surge in trading activity and institutional flows. While technical resistance emerged at $3.09 and short-term indicators turned cautious, machine-learning models continue to point toward a move to $3.12 by the end of August.

Key Market Movements

• Price Action: XRP gained 4.45%, rising from $2.92 to $3.05 between August 3 at 21:00 and August 4 at 20:00. The session’s range spanned $0.18, marking a 6% intraday spread.
• Volume Spike: A single-minute volume of $33 million was recorded—one of the highest ever for XRP—coinciding with a break above the $3.00 psychological level.
• Trading Surge: Peak activity occurred during the 13:00–14:00 window, registering 151.97 million trades as traders reacted to real-time volatility.

Technical Levels

• Resistance: XRP faced a strong rejection at $3.09 on elevated volume (69.89M), solidifying it as a near-term ceiling.
• Support: Bids held firm at $2.97, with heavy volumes seen between 05:00–06:00.
• Indicators: A TD Sequential 9-count sell signal has appeared on the 3-day chart, while RSI on both the 1H and 4H remains elevated but not yet overbought.

Institutional Positioning & Whale Activity

Institutional flows showed $2.10 billion in sell-side activity, though $14 million in leveraged longs were also opened, signaling mixed sentiment. On-chain data reveals notable outflows from whale and smart money wallets, suggesting that the rally may have been partly driven by tactical positioning ahead of regulatory risk events.

Regulatory Outlook

The SEC is expected to deliver an update on XRP’s regulatory classification by mid-August, a key binary event that could drive the next leg in price action. Despite this uncertainty, AI-based trading systems continue to forecast a move toward $3.12 by month-end, assuming volatility normalizes.

What Traders Are Watching

• XRP’s ability to hold above $3.00 heading into the weekend.
• Whether volume supports another attempt to break through $3.09.
• Institutional behavior above $3.10 and the potential for increased long exposure.
• The market’s reaction to the SEC’s upcoming announcement and its implications for XRP’s legal standing.