XRP spiked nearly 6% in a powerful late-session surge, establishing fresh technical support above the $2.20 mark for the first time in months.
The move was driven by a 108.12 million XRP volume burst—nearly four times the hourly average—and was accompanied by whale transfers exceeding $497 million.
Notably, despite the influx of large-scale movements, the market absorbed the pressure, signalling strong underlying demand.
This activity, combined with rising retail interest and stable global risk sentiment, has placed XRP in a high-alert zone for further upside.
XRP is now trading at $2.17 and is down by 0.32% in the last 24 hrs.
Source: CoinMarketCap
$497M in whale movements fail to dampen momentum
Whale wallets were highly active during the session, with two key transfers drawing attention.
Ripple moved approximately $439 million worth of XRP to an unidentified wallet, while a separate $58 million XRP transaction was sent to Coinbase.
These would typically signal potential selling pressure. However, instead of declining, XRP maintained its gains and settled into a consolidation range above $2.20.
This suggests that institutional or high-net-worth demand may be matching or exceeding expected sell-offs.
Data from the blockchain confirmed that the timing of these transactions coincided with XRP’s breakout, beginning at 01:28 UTC when the token crossed $2.19.
By 01:33 UTC, XRP was trading with an intraminute volume of over 2.7 million XRP, rising to $2.21 just three minutes later.
By the end of the hour, the price had touched a high of $2.23 before pulling back slightly.
Breakout follows broad crypto market rebound
XRP’s surge unfolded amid a broader crypto market rebound, with global risk sentiment showing signs of stabilisation.
Other tokens also rallied, but XRP led the day’s gains among the major coins.
This comes at a time when on-chain and retail signals are both trending upward.
Data from Google Trends shows a notable spike in searches for “XRP to $3,” indicating renewed interest from the retail sector.
The timing aligns with the July to September window that many technical analysts have flagged as a potential breakout zone.
According to some models, XRP could target the $3 to $5 range if the current support levels hold and volume remains elevated.
XRP technical indicators point to continuation
Over the 24-hour period, XRP traded within a range of $2.173 to $2.229, with the most decisive movement in the final hour.
The breakout resulted in a gain of 5.87%, settling around the $2.20 mark.
The high of $2.23 now acts as the next resistance level, while $2.17 to $2.19 forms a key support band.
A second wave of strong bid interest was recorded at 02:00 UTC, indicating that buyers remain active even after the initial breakout.
The volume burst and subsequent consolidation above $2.20 suggest that this may not be a short-term spike, but part of a larger trend.
Ripple-SEC case and upcoming catalysts
The ongoing legal proceedings between Ripple and the SEC remain a critical variable.
Regulatory clarity could serve as the catalyst for the next major price leg.
In the meantime, the market appears to be pricing in a more favourable outlook for XRP, driven by technical strength and resilient demand.
With XRP holding above key levels despite whale movement and volume volatility, analysts are likely to continue monitoring both retail trends and institutional flows closely.
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