XRP rose to $ 3.05 in a fleeting 24-hour period, sent a win of 4.45% from $ 2.92 when dealers responded to unprecedented amounts at minute level and whale.
A $ 33 million tip was recorded within a single minute, marking one of the largest such spikes for the token.
Despite technical resistance to $ 3.09 and short -term selling signals blinking, machine -learning forecasts continue to target $ 3.12 at the end of the month.
What to know
- XRP gathered from $ 2.92 to $ 3.05 between August 3, 21:00 and August 4th 20:00 and got 4.45% with a trade area of $ 0.18 (6% spread).
- The psychological level of $ 3.00 was violated over 13: 00-14: 00 session on extreme volume and topped at 151.97 million trades.
- Institutional trade triggered $ 2.10 billion in sales flows, even when geared long positions totaling $ 14 million were opened on larger exchanges.
- A single minute volume record of $ 33 million was observed over the height of the outbreak.
- AI trading models from multiple platforms predict $ 3.12 to 31 August despite the upcoming SEC regulatory status update on August 15.
- TD-sequential indicators flashed a sales signal on the three-day chart, suggesting that a short-term top can be formed.
News Background
The pricing followed a wider risk-ridden feature of crypto markets as dealers rotated out of alt-cap Altcoins and into high fluid majors.
However, data on the chain revealed aggressive sales flows from whale addresses and smart money funds to move for the rally to have been driven by short-term positioning in front of regulatory catalysts.
SEC is expected to clarify XRP’s securities treatment in mid -August, a potential binary event for token.
Summary of Price Action
- XRP hit intraday highs at $ 3.08 before fading a little to close the $ 3.05 session.
- Price action turned vigorously to $ 3.09 and established the level as almost term resistance.
- Support was observed for $ 2.97 during the course of 05:00–06: 00 window with back-to-back volumes of 57.65 million and 44.77 million.
- The last hour was a range of $ 0.01 between $ 3.04 and $ 3.05 with high intrabar volatility and no clear directional bias.
Technical analysis
- The price contained over $ 3.00 psychological zone but could not break higher despite massive volume waves.
- TD-sequential shows a 9-counter sales signal of 3D, typically followed by consolidation or downward pressure.
- RSI of 1H and 4H remain elevated, but is not crossed to extremely overbought territory.
- The rejection of $ 3.09 came at 69.89 million volume, well over 24 hours averages of 62.11 million.
Which dealers are looking at
- Whether XRP can maintain support over $ 3.00 on the way into the weekend.
- The impact of SEC’s decision in mid -August at XRP’s market classification.
- If institutional sellers go in again to $ 3.10+, or if long exposure builds at current levels.
- Machine learning -driven price target ranging from $ 3.10 to $ 3.12 by month, assuming volatility compressions.
