Trading Activity Spikes as XRP Bulls Confront Key $3 Resistance Level

XRP Climbs Back to $2.93 as Bulls Regain Momentum Despite Whale Selling and Market Liquidations

XRP staged a sharp recovery on Tuesday, bouncing from intraday lows of $2.82 to close at $2.93, despite heightened volatility and heavy liquidations across the broader crypto market. The rebound was fueled by a surge in volume and strong demand at support, even as some whale wallets took the opportunity to sell into strength.

Market Overview

The recent pullback in XRP came after a blockchain security downgrade sparked renewed concerns about potential network vulnerabilities. At the same time, institutions rotated out of risk assets, triggering over $360 million in crypto-wide liquidations.

Despite the pressure, buyers stepped in at key levels, with some large players accumulating aggressively near the $2.82 mark.

24-Hour Performance

Price Range: XRP moved within a $0.17 band, swinging from $2.82 to $2.99 — a 5.7% intraday range.
Closing Price: $2.93, up modestly after reclaiming most of the session’s losses.
Volume Surge: Trading activity spiked to 155 million XRP during the peak recovery hour — more than double the daily average.
Intraday Reversal: The token formed a V-shaped pattern, bottoming between 13:00–15:00 UTC before rallying back in the final stretch.

Technical Breakdown

Support: Strong bids held the line at $2.82, reinforcing the level as a short-term floor.
Resistance: Sellers defended the $2.99 ceiling, keeping XRP capped just below the $3 psychological mark.
Breakout Zone: Analysts continue to highlight $3.17 as the next major breakout level, which could open the door to a move toward $5.00+ if breached.
Downside Risk: Failure to hold above $2.82 could expose XRP to a retest of $2.65, a level bears have cited as the next support.

Volume and Momentum

Recovery Volume: The surge to 155 million XRP turnover during the rebound suggests institutional-scale flows.
Morning Momentum: XRP gained an additional 0.34% early Wednesday, touching $2.94 with volume remaining elevated at 580,000 per hour — above the 470,000 hourly norm.

Key Watchpoints for Traders

Whether XRP can sustain a move above $2.99, potentially clearing the way for a breakout past $3.17.
Ongoing whale behavior, especially signals of distribution vs. continued accumulation around current levels.
The impact of further broader market liquidations on sentiment and short-term risk appetite.
Whether $2.82 holds on further tests, confirming it as a durable base for the next leg up.

With trading volume rising and bulls defending key levels, the market is positioning for a potential breakout. However, lingering macro headwinds and mixed whale activity continue to inject caution into the short-term outlook.