Saad Ullah
XRP surged to $3.05, gaining 4.45% as a massive $33 million volume spike hit in just one minute. Despite whales dumping $2.1 billion worth of tokens, AI models predict XRP could reach $3.12 by month-end.
XRP Price Smashes Through $3 on Explosive Volume
XRP jumped from $2.92 to $3.05 in dramatic fashion, with the real highlight being a $33 million trading spike compressed into a single minute – practically unheard of for the token.
The breakout came during the afternoon session when XRP pushed past the $3 psychological barrier on massive volume of 151.97 million trades. Oddly enough, while this rally was happening, major holders were selling hard – whale addresses dumped over $2.1 billion worth of XRP. At the same time, other traders opened $14 million in leveraged long positions, showing mixed market sentiment.
Technical Outlook Mixed for XRP (Ripple) Price Action
XRP hit resistance fast at $3.09, getting rejected on heavy volume of 69.89 million trades – well above the 24-hour average of 62.11 million. The TD Sequential indicator flashed a sell signal on the 3-day chart, typically signaling consolidation or a pullback ahead.
However, RSI levels aren't screaming overbought yet, and support around $2.97 held up well during earlier testing with solid volume backing.
XRP Price Faces SEC Decision Catalyst
The big wild card is the SEC's expected decision on XRP's regulatory status by mid-August. This binary event could dramatically impact price direction either way.
Machine learning models still target $3.12 by month-end, but those massive whale sell-offs suggest smart money might be positioning defensively ahead of regulatory news. The rally fits the broader trend of money rotating from smaller altcoins into major liquid cryptocurrencies.
Key things traders are watching: Can XRP hold $3 into the weekend? Will institutional sellers return at $3.10+? And most importantly – what will the SEC actually decide?
Saad Ullah
