XRP climbed sharply to $3.03 before pulling back, with trading volume tripling amid profit-taking, capping gains near a key resistance level.
Key Takeaways:
- XRP surged 6% in the past 24 hours, clearing its way to its intraday peak of $3.03 before retreating to $3.00 as of 11:00 AM UTC.
- The token’s trading volume reached 109-110 million, which is more than double of the past 24-hour average, recording 52.2 million.
- Technical analysis shows resistance emerging at $3.03, while support levels now sit near $2.97–$2.92; RSI remains neutral to slightly bullish in the high‑60s.
XRP jumped approximately 6% earlier today, fueled by a renewed surge in the cryptocurrency market, rising from $2.83 early in the trading window to a high of $3.03 before cooling off and settling back at $3.00 by 11:00 AM UTC on Aug 4, 2025.
Ripple’s native token initially broke through intraday resistance zones at $2.87, $2.92, and $2.97, accelerated by strong volume between 23:00 and 01:00 UTC. However, momentum stalled at $3.03 as profit-takers locked in gains, leading to the subsequent sell-off that pulled price back toward $3.00.
What fueled XRP’s surge?
The move was driven by unusually high wall-street-style inflows and breakout momentum as trading volumes topped 110 million XRP, over twice the typical 52 million average, which indicates institutional participation as the main driver for the price spike. Yet sellers quickly emerged at the $3.03 level, triggering profit-booking and a reversal of part of the gains.
Meanwhile, CoinDesk’s recent report noted that other technical analysts, as well as traders, now watch $3.03–$3.07 levels as potential upside targets if resistances break; support zones are expected at $2.97 and then $2.92 on any dip.
The price jump centered on the role of institutional flows and breakout momentum pushing XRP toward the $3 threshold before triggering profit-taking. Analysts highlighted that without sustained volume, the rally lacked follow-through.
Price & Market Impact
As of writing (11:00 AM UTC), XRP is trading at approximately $3.00 with an intraday gain of 4.5% over the past 24 hours according to recent snapshot data from TradingView and CoinGecko. Technical indicators paint a cautiously bullish picture, with latest RSI data from TipRanks records ~43‑49 (neutral), MACD mildly in positive territory (~0.09), and ADX in the upper 30s (trend strength moderate) with a mixed signal across moving averages. Shorter-term MA sells but longer-term MA levels remain supportive.
Meanwhile, support is confirmed at $2.82 following volume-backed consolidation. Resistance, on the other hand, is confirmed at $3.03 as the token’s price fails to maintain breakout levels. CoinDesk’s analysis also emphasized that the significant volume growth during breakout and reversal stages signal institutional activity.
What’s next after XRP’s price spike?
XRP’s sharp price increase toward $3 mark earlier on August 4 exhibits renewed bullish sentiment and volume expansion, mainly fueled by growing institutional interest. However, being unable to hold above $3 reflects profit-taking pressure and resistance clustering at that level. Continued volume strength and broader market correlation with BTC/ETH will likely determine XRP’s direction in coming days, whether it can keep up the pace, or re-enter consolidation and settle back down.
Summary
XRP briefly surged to $3.03 on August 4, 2025, before retreating to $3.00 amid heavy profit-taking. Trading volume spiked to over 110 million XRP, more than double the 24-hour average, signaling strong institutional activity. While momentum initially pushed the token through multiple resistance levels, it stalled at $3.03, where sellers stepped in. Technical indicators remain mixed RSI is neutral (~43–49), MACD slightly bullish, and volume remains elevated. Analysts note that continuation depends on sustained volume and broader market trends. Support is forming around $2.92–$2.97, while $3.07 is the next resistance to watch.
