XRP Hits $3.05 Amid Massive Volume Spike — AI Models Still Eye $3.12 by Month-End

XRP posted strong gains over the past 24 hours, breaking through key psychological and technical levels as minute-level trading activity surged. Despite facing resistance at $3.09 and short-term sell signals emerging, AI-driven models continue to project further upside toward $3.12 before the end of August.

Market Recap

XRP jumped from $2.92 to $3.05 between August 3 at 21:00 and August 4 at 20:00, marking a 4.45% gain over the period. The price action unfolded within a 6% range, with the $3.00 level decisively breached during a high-volume hour that peaked at nearly 152 million trades.

The highlight: a single-minute trading volume of $33 million — one of the largest ever recorded for XRP — signaling intense institutional activity and short-term speculative flows.

Technical Picture

• Resistance at $3.09: XRP reached intraday highs of $3.08 before pulling back, confirming $3.09 as a key resistance level for the time being.
• Support at $2.97: During the early morning session (05:00–06:00), back-to-back volumes of 57.65M and 44.77M established $2.97 as short-term support.
• TD Sequential: A 9-count sell signal appeared on the 3-day chart, often a precursor to price consolidation or a minor correction.
• RSI Levels: On the hourly and 4-hour charts, the Relative Strength Index remains elevated but not yet in overbought territory — suggesting some room for continuation, though momentum is waning.

Under the Hood: Institutional and Whale Activity

The rally saw a spike in institutional flows, with sell-side volume totaling $2.10 billion. Interestingly, leveraged long positions worth $14 million were also opened across major exchanges, hinting at bullish conviction despite short-term risks.

On-chain data revealed active selling from whale and smart money wallets, suggesting parts of the rally were driven by strategic rebalancing or pre-regulatory positioning ahead of the SEC’s expected mid-August update on XRP’s legal status.

Forecasts and Forward Look

• AI Models Still Bullish: Despite technical resistance, several machine learning-based trading platforms maintain a near-term target of $3.12 by August 31.
• Regulatory Overhang: The SEC’s upcoming decision on XRP’s classification remains a major event risk and could act as a catalyst in either direction.

What Traders Are Watching

• Whether XRP can hold above the $3.00 support level heading into the weekend.
• If $3.09 breaks on volume, potentially opening the path to $3.12 and beyond.
• How the market reacts to the SEC’s mid-month update on XRP’s regulatory clarity.
• Whether institutional sellers return above $3.10 or if retail-led momentum builds at current levels.