XRP has seen a burst of volatility and trading activity in the past day, fueling hopes of a further breakout toward higher price levels.
Over the past session, intraday volatility jumped by 14%, with trading volume exceeding 375 million XRP. Between July 11 at 06:00 and July 12 at 05:00, XRP gained 8%, rising from $2.58 to $2.78. The token touched an intraday high of $2.96 at 15:00 before retreating slightly.
The busiest trading window occurred in the afternoon, as over 375 million XRP changed hands between 13:00 and 15:00. Buyers consistently stepped in to defend the $2.70–$2.75 support area, signaling strong underlying demand.
Whale activity has also played a key role in this momentum. A significant leveraged long worth $14.03 million was opened on the Hyperliquid derivatives platform at a price of $2.30, highlighting confident positioning by large investors.
Market analysts are now watching the $2.90–$3.40 range as the next major resistance zone, citing bullish technical signals and sustained capital inflows as drivers for further upside.
Market Drivers
Large wallets have been increasing their XRP exposure recently. The notable $14 million long on Hyperliquid aligns with a technical breakout from an ascending triangle pattern. Many traders believe that a decisive move above the $2.90 level could unleash a swift rally toward $3.40 or higher.
This optimism is also supported by broader developments within Ripple’s ecosystem, including momentum for the RLUSD stablecoin and new cross-border payment integrations that continue to attract institutional interest.
Key Price Action Highlights
- Price Range: $0.35, with lows at $2.58 and highs at $2.96
- Peak Activity: Occurred at 15:00, followed by a pullback, but XRP held above $2.70
- Support Zone: $2.70–$2.75, which held firm under repeated testing
- Final Hour (04:55–05:54): XRP edged up from $2.76 to $2.79 (+1%)
- Volume Spike: 2.6 million XRP traded between 05:30 and 05:35, confirming strong late-session momentum
Technical Picture
- XRP has been forming an ascending triangle, marked by higher lows and steady tests of horizontal resistance.
- The session’s total range of $0.35 resulted in 14% volatility.
- Resistance emerged around $2.96, with prices consolidating near $2.78.
- The key breakout zone remains $2.90–$3.40; a decisive move above this range could open the door to rapid gains.
- Notably, the late-session move was backed by genuine trading volume, signaling healthy market interest rather than thin liquidity.
Key Areas Traders Are Watching
- Whether XRP can establish $2.80–$2.85 as new support
- A break above $2.90 with volumes exceeding 200 million could pave the way toward $3.40
- A drop below $2.70 could trigger a pullback to $2.58–$2.60
- The significant whale long at $2.30 continues to serve as an anchor for the bullish outlook
Bottom Line
XRP’s 8% rally over the last day reflects strong capital inflows, supportive technical patterns, and aggressive whale activity. Despite resistance around $2.96, the token’s resilience into the session close signals that bulls remain in control.
A confirmed breakout above $2.90 could mark the start of a fresh bullish wave, with traders already eyeing $3.40 as the next milestone—and potentially $5 or more in longer-term, ultra-bullish scenarios.
