Saad Ullah
XRP caught everyone off guard this Sunday with an explosive price surge that reminded traders just how fast things can move in crypto. In a remarkable 15-minute window, buyers scooped up more than 10 million XRP tokens, sending the price rocketing above $2.90. The combination of weekend trading conditions and concentrated buying created the perfect storm for this dramatic move, leaving the market buzzing about whether we're seeing the start of something bigger.
XRP Price Action
According to crypto analyst Dom, this aggressive buying wave was powerful enough to completely shift the mood around XRP and get people talking again.
The price chart tells a pretty clear story of what happened:
- Price surge: XRP shot up from $2.85 to $2.93 in minutes before settling back slightly
- Key levels: $2.85 is now the support to watch, while $2.93 is the resistance that needs breaking
- Next target: The big psychological $3.00 level is in sight if the bulls keep pushing
- Market structure: This kind of vertical move usually means both big buyers and short sellers covering their positions
The speed and intensity of this rally suggests we're dealing with serious players making big moves, not just regular retail trading.
Spot CVD Confirms Buying Pressure
The volume data backs up what we saw on the price chart. Kraken led the charge with CVD spiking past 5 million units, showing where most of the heavy buying happened. Coinbase and Binance also saw notable inflows, though smaller than Kraken's surge. When you see this kind of coordinated buying across multiple major exchanges, it explains why the price move was so sharp and sustained.
Several factors came together to create this perfect storm. Weekend liquidity is always thinner, which means smaller orders can have bigger price impacts. The scale of the buying suggests whale activity or institutional players making their move. XRP had also been consolidating for a while, so traders were already positioned for some kind of breakout when volatility finally hit.
Bullish and Bearish Scenarios
If XRP can hold above that $2.85 support level, we could see another push higher to break through $2.93, with $3.00 becoming the obvious next target. Sustained buying pressure would really strengthen this bullish setup and potentially attract more momentum traders.
On the flip side, if XRP drops back below $2.85, the weekend magic might wear off and we could see a pullback toward $2.80 as the thin liquidity that helped the rally could also accelerate any decline.
Saad Ullah
