XRP Trading Volume Triples as Price Retests $3 Resistance

Key Points

1. XRP's price jumped from $2.83 to a peak of $3.03, with trading volume surging to over 110 million XRP, more than triple the daily average.

2. Institutional and retail demand, especially from South Korea, fueled the volume surge, with Upbit alone recording over $95 million in trading volume.

3. Key resistance levels are at $3.00–$3.03, with potential breakout zones at $3.12–$3.14, while support levels are anchored around $2.97–$2.92.

4. Momentum indicators like RSI and EMAs show mixed signals of overextension and minor fatigue.

5. The Ripple vs. SEC settlement, expected by August 15, is anticipated to result in Ripple paying a $125 million fine and dropping appeals, which has fueled bullish sentiment.