Ripple XRP has reclaimed the $3 mark with renewed momentum, currently trading at $3.04 with a 1.5% gain as traders eye a potential rally toward $4.
Key Takeaways
- 1XRP surged past $3.00 amid heightened trading volume and institutional flows
- 2A single-minute trade volume hit $33 million, one of the largest in XRP’s history
- 3Analysts point to $3.12 and $3.21 as critical resistance levels to confirm bullish continuation
- 4Ripple CTO announced a new XRPL server deployment, boosting network testing
What Happened?
XRP has bounced back above the $3 level, marking a significant technical recovery and triggering bullish sentiment. After a volatile stretch between $2.75 and $3.05, the token is now holding firm at $3.04, up 1.5% at the time of writing. Analysts and traders are now closely watching whether XRP can push through upcoming resistance at $3.12 and $3.21, potentially unlocking further gains toward $4.
Trading Volume Soars and Breakout Watch Intensifies
XRP’s breakout past $3 was accompanied by a surge in trading activity. A record $33 million in volume was recorded within a single minute, while daily trading surged 27.69% to $10.37 billion, according to Coinglass data. These spikes suggest renewed institutional and retail interest.
- One-hour session saw 151.97 million XRP traded
- Institutional sell flows reached $2.10 billion, while long positions totaling $14 million were added
- XRP hit an intraday high of $3.08 before retreating slightly
- Current support is forming around $2.97, with notable resistance at $3.09
Despite strong upward momentum, technical indicators remain mixed. The TD Sequential flashed a 9-count sell signal on the 3-day chart, typically associated with short-term tops. RSI levels are elevated but not yet in overbought territory.
Analyst Views: Key Levels to Watch
Several analysts remain optimistic but caution that XRP must close above $3.12 to confirm a sustained bullish trend.
- EGRAG CRYPTO highlighted the current structure as one of the strongest in recent years but warned of more fake-outs if $3.12 is not broken
- Dark Defender had predicted support around $2.8558 and emphasized wave pattern accuracy
- CasiTrades pointed out that a previous rally from $3.00 to $3.31 failed to hold due to resistance, suggesting a possible corrective phase
If XRP clears $3.21, analysts are watching for a possible extension to $4.00, with some bullish targets reaching up to $4.80.
Ripple CTO Launches XRPL Support Server
In a move to strengthen the XRP ecosystem, Ripple’s CTO David Schwartz announced he is setting up a personal XRPL server in a New York data center. The server will run independently of Ripple’s infrastructure, allowing for better network testing and performance monitoring while supporting XRPL’s decentralized integrity.
I haven’t run any XRPL infrastructure myself in a few years. Looking at the network, it seems like the most useful thing would be a high-quality hub with reserved slots for UNL validators, other hubs, and servers serving applications on XRPL. This would be me personally, not…
,David ‘JoelKatz’ Schwartz (@JoelKatz) August 2, 2025
Market Sentiment and Next Steps
- Current open interest has risen 4.88% to $7.51 billion
- Chart patterns on the 15-minute and 4-hour frames are showing bullish divergences
- Support levels at $2.75 and $2.85 have proven resilient
- Machine learning models project a price target of $3.12 to $3.21 by end of August
As traders await the SEC’s upcoming August 15 decision on XRP’s regulatory classification, the market remains poised for a significant move.
CoinLaw’s Takeaway
I’m excited to see XRP back above $3 after weeks of uncertainty. This recovery feels different thanks to the massive volume and institutional interest. But I’m also keeping an eye on $3.12 and $3.21. Until we clear those hurdles, this rally could still face headwinds. That said, the technical and sentiment signals look promising. If the SEC ruling goes in Ripple’s favor, XRP could have a serious runway toward $4 or higher.
