XRP Touches $3.05 as $33M Trades in a Minute — AI Models Still See More Upside
XRP rallied sharply to $3.05 over the past 24 hours, gaining 4.45% from $2.92 as traders reacted to extreme volume surges, whale-driven sell flows, and growing speculation around regulatory developments. Despite resistance at $3.09 and technical sell signals flashing, machine-learning forecasts continue to project upside toward $3.12 by the end of August.
Key Developments
- Rapid Surge: XRP climbed from $2.92 to $3.05 between August 3 at 21:00 and August 4 at 20:00, marking a 4.45% gain. The 24-hour trading range spanned $0.18—a 6% intraday spread.
- Psychological Break: The $3.00 level was decisively breached during the 13:00–14:00 hour, fueled by a peak in trading activity that reached 151.97 million trades.
- Volume Spike: A record-breaking $33 million in volume was recorded within a single minute—among the largest such spikes in XRP’s trading history.
- Institutional Flows: While the breakout triggered $2.10 billion in sell-side flows from institutional desks, leveraged longs totaling $14 million were simultaneously opened across major exchanges.
- Machine Learning Outlook: AI-powered trading platforms forecast further upside toward $3.12 by August 31, even with an SEC regulatory update looming on August 15.
- Sell Signal Flashing: The TD Sequential indicator posted a 9-count sell signal on the 3-day chart, typically signaling exhaustion and possible short-term consolidation.
Market Context
XRP’s surge coincided with a broader risk-on move across the crypto market, as capital rotated out of illiquid altcoins into high-cap majors. However, on-chain metrics flagged aggressive selling from whale wallets and smart money funds—raising questions about the sustainability of the move.
The upcoming SEC announcement regarding XRP’s securities classification, expected around mid-August, remains a key catalyst and a potential binary event for the asset.
Price Action Highlights
- Highs and Reversals: XRP touched intraday highs of $3.08 before retreating slightly to close at $3.05. Rejection at $3.09 has now established it as immediate resistance.
- Support Levels: Intraday support formed at $2.97, with consecutive volumes of 57.65M and 44.77M between 05:00–06:00.
- Final Hour Trading: The last trading hour showed a tight $0.01 range between $3.04 and $3.05, accompanied by high intrabar volatility and lack of clear directional momentum.
Technical Outlook
- Key Level Holding: Price remains above the $3.00 psychological threshold, but failed to build momentum beyond $3.09 despite outsized volumes.
- TD Sequential Warning: A 9-count sell setup on the 3D chart suggests a near-term top could be forming.
- RSI Elevated: The 1H and 4H RSI readings are high but have not entered overbought extremes, indicating momentum remains but is at risk of exhaustion.
- Volume Confirmation: The $3.09 rejection occurred on 69.89M volume—significantly above the 24-hour average of 62.11M.
What Traders Are Watching
- Can XRP sustain support above the critical $3.00 level through the weekend?
- Will the SEC’s forthcoming guidance provide clarity or fuel more uncertainty?
- Are institutional sellers poised to re-enter at $3.10+, or will long positions build from current levels?
- Will machine learning models proving accurate in forecasting $3.10–$3.12 targets if volatility compresses?
