XRP Rally Gains Momentum as $659M Volume Signals Surge

XRP is capturing market attention once again as trading volume soars, signaling the possibility of a new bullish phase. The surging activity, totaling around 659 million XRP transferred in a single day, has set the stage for what could be a significant price rally if the momentum holds.

This heightened transaction volume often aligns with early signs of whale accumulation, indicating that large investors may be positioning themselves for a move toward higher valuations. Notably, XRP has managed to break through critical resistance defined by its 50, 100, and 200-day exponential moving averages—a bullish indicator that typically doesn’t occur without some degree of follow-through momentum.

Currently trading near $2.29, XRP is attempting to establish a higher low along a rising support trendline that has been developing since June. This type of structure often acts as a launchpad for upward movements, and with the Relative Strength Index (RSI) climbing toward 60, the token is approaching overbought territory. This suggests that buyer interest is intensifying without yet reaching a saturation point.

What makes this setup especially compelling is the lack of major resistance between the current price level and the psychological barrier at $3.00. Although XRP faced temporary rejection between $2.50 and $2.60 earlier in the year, those levels didn’t prove to be formidable obstacles. If the volume remains steady or increases, a retest of $2.50 seems likely in the near future, followed by a potential move toward the $3 mark at a much faster pace than expected.

This potential rally is bolstered by the alignment between XRP’s technical and on-chain indicators. The high transaction volume, climbing RSI, and supportive trendline all contribute to the bullish narrative. However, traders should be aware that extreme daily volume spikes—such as the recent surge toward 660 million XRP—can sometimes be attributed to strategic repositioning by large holders. In such scenarios, it’s not uncommon to see short-term volatility arise from profit-taking shortly after.

If XRP fails to maintain traction above key moving averages, a fallback to the $2.00-$2.10 range could occur. The $2.15 level, in particular, will serve as a critical support zone to watch in the coming sessions. A breakdown below this point may invalidate the current bullish structure temporarily, opening the door for a deeper correction.

In summary, XRP’s recent surge in network activity—paired with favorable market structure—offers a strong case for an incoming upside move. The token is showing technical health and significant accumulation behavior that may precede a breakout. As long as the asset maintains momentum and respects upward support, the path toward $3 appears not only plausible but increasingly probable.

Still, with the volatile nature of cryptocurrencies, investors should tread carefully. While the landscape currently favors bullish sentiment, sudden shifts in volume and market dynamics can quickly change the trajectory. For now, all eyes remain on whether XRP can sustain its current rhythm and push through the next critical levels on its way to a potential milestone.

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