XRP Soars 141% in Trading Volume – Is $3 the Next Stop?

The XRP market is heating up again, drawing attention from both investors and analysts. Over the past seven days, XRP’s price has climbed by 3.8%, while its 24-hour trading volume has nearly doubled, signaling renewed activity and growing market confidence.

Trading Volume Surges Past $4.9 Billion According to data from CoinMarketCap, XRP’s trading volume skyrocketed to $4.94 billion in the past 24 hours, marking a 144.62% surge. This sharp increase comes shortly after the asset stabilized above the key support level of $2.84. Just days ago, daily volumes had plunged to around $2 billion, reflecting a 66% drop. The sudden reversal highlights a strong return of bullish momentum.

XRP Retests the Path Toward $3 At the time of writing, XRP was trading at $2.90, up 2.58% over the last 24 hours. The Relative Strength Index (RSI 47.78) shows a neutral position, but bulls are still in control. Technical outlook suggests: Key Support: $2.84Immediate Resistance: $3.00–$3.05A breakout above $3.05 could open the way toward $3.20 and higher On the flip side, a drop below $2.84 could pull XRP back to $2.70 or even $2.55 if bearish pressure builds.

ETF Buzz Fuels Optimism One of the main drivers of market sentiment is the anticipation of an XRP ETF. Applications from firms like Franklin Templeton and Grayscale are currently under review, with an October deadline approaching. Some analysts put the chances of approval as high as 95%. If regulators give the green light, new capital inflows could boost both XRP’s price and liquidity across exchanges.

September’s Reputation vs. XRP’s History While September is traditionally considered one of the weakest months for cryptocurrencies, XRP historically shows an average September gain of 13.9%. This historical pattern adds another layer of optimism for traders.

Bottom Line XRP is at a critical crossroads. If it maintains support above $2.84 and breaks the $3.00 barrier, bulls could push the price toward $3.20 and beyond. Rising volumes, the ETF catalyst, and supportive historical data all point to the potential for continued upside.

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