XRP Surges, Stalls at $3 as Trading Volume Triples on Profit Booking

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By Shaurya Malwa

Updated Aug 4, 2025, 5:18 a.m. Published Aug 4, 2025, 5:17 a.m.

  • XRP surged 6% in 24 hours, peaking at $3.03 before closing at $3.00.
  • Trading volumes exceeded 110 million, driven by institutional flows and breakout momentum.
  • Resistance was met at $3.03, leading to profit-taking and a partial reversal of gains.

XRP surged 6% during the 24-hour trading window from August 3 at 03:00 to August 4 at 02:00, rising from $2.83 to a high of $3.03 before closing at $3.00.

The rally was driven by strong breakout momentum and institutional flows, with trading volumes exceeding 110 million during peak hours. However, the move was capped by heavy selling at the $3.03 level, where profit-taking sparked a reversal that erased part of the gains.

What to Know

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  • XRP climbed from $2.83 to $3.03, before settling at $3.00
  • Trading volumes peaked at 109–110 million versus a 24-hour average of 52.2 million
  • Resistance was confirmed at $3.00–$3.03 following institutional selling
  • Key intraday breakouts occurred at $2.87, $2.92, and $2.97

News Background
The move comes amid a broader altcoin rally, as traders rotate into high-beta tokens while macroeconomic headwinds continue to pressure equities. Global inflation remains sticky, and central banks have signaled a cautious stance on rate cuts.
XRP’s strength may reflect a temporary capital shift into volatile assets as traders search for short-term gains.

Price Action Summary

  • Daily range: $2.83–$3.03, with a 7.4% swing
  • Acceleration occurred between 23:00 and 01:00 as XRP cleared multiple resistance levels
  • A sharp 1% pullback during the final hour saw XRP decline from $3.03 to $3.00
  • A descending pattern emerged with lower highs at $3.03, $3.02, and $3.01
  • Final four minutes saw a complete halt in trades, indicating end-of-session position locking

Technical Analysis

  • Support confirmed at $2.82 following volume-backed consolidation
  • Resistance confirmed at $3.03, with price failing to maintain breakout levels
  • Volume spikes during breakout and reversal phases indicate institutional activity
  • Price briefly entered a downward channel during the last hour of trading
  • Failed recovery attempt at 01:35 suggests weakening intraday momentum

What Traders Are Watching

  • Breakout above $3.03 could target $3.07–$3.10 next
  • Downside support rests at $2.97 and $2.92 on any correction
  • Broader correlation with BTC and ETH remains intact
  • Watch for volume compression or macro headlines to signal next leg

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

Shaurya Malwa

 

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