Whale Liquidations, Institutional Moves Drive 4.45% Rally
XRP surged past the key $3 psychological level, reaching $3.05 in a high-volume move that caught the market’s attention. The rally was driven by a record $33 million traded in a single minute, with over $2.10 billion in whale sell flows and intense institutional activity.
The move from $2.92 to $3.05 between August 3 at 21:00 and August 4 at 20:00 marked a 4.45% price gain over a volatile 24-hour stretch. According to trading data, XRP’s range spanned $0.18 (6% spread), highlighting the level of momentum backing the breakout.
AI Models See More Upside Despite Resistance
Despite technical resistance forming near $3.09 and short-term sell signals emerging — notably from the TD Sequential indicator — machine-learning models remain bullish. Multiple trading platforms forecast a move toward $3.12 by August 31, suggesting a brief consolidation before further upside.
These projections come ahead of the SEC’s regulatory status update scheduled for August 15, which could introduce fresh volatility depending on the tone and content of the announcement.
Minute-Level Volume Spike Sets a Record
A volume spike of $33 million within a single minute set a record for XRP and signaled institutional-level trading pressure. The breakout occurred between 13:00 and 14:00 UTC on August 4, when XRP broke through the $3.00 barrier on unprecedented liquidity.
Over 151.97 million trades were recorded during the peak hour, while leveraged long positions totaling $14 million were opened on major exchanges.
“The magnitude and speed of this breakout indicate algorithmic execution and whale-level positioning,” one analyst noted.
Technicals Signal Caution, But Trend Remains Upward
While momentum remains strong, short-term technical indicators such as TD Sequential have flashed sell signals, hinting at potential pullbacks near the $3.09 resistance zone. That said, market structure continues to favor the bulls as long as $2.90 holds as support.
The next few sessions may see profit-taking and consolidation, but the broader trend remains intact unless macro events shift sentiment dramatically.
Final thoughts
XRP’s explosive breakout past $3 was backed by record volume, whale activity, and AI-backed momentum forecasts. The next key level: $3.12, with volatility likely around the mid-August SEC update.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.