Share this article
XRP Prints Lower Highs, Volume Spikes to 169M in Sharp Reversal
Price action accelerated at 14:00 when XRP fell from $3.04 to $2.97 on a 169.41 million volume surge — over 3x its 24-hour average of 52.73 million — establishing $3.04 as interim resistance and validating $2.93 as a local support floor.
Updated Aug 6, 2025, 2:14 p.m. Published Aug 6, 2025, 3:43 a.m.
What to know:
- XRP fell 4.2% in a high-volume session, establishing $3.04 as resistance and $2.93 as support.
- A significant volume surge led to a sharp decline, with the price dropping from $3.06 to $2.93.
- Traders are watching for a reclaim of the $3.00 level and potential bullish divergence amid geopolitical tensions.
Traders brace for continued downside as resistance caps at $3.04 and $2.93 floor emerges following 169M volume flush.
What to Know
XRP fell 4.2% during the 24-hour session ending August 6 at 02:00, retreating from $3.06 to $2.93 in a volume-driven breakdown. The session’s high of $3.08 was hit at 10:00 before a sharp reversal set in. Price action accelerated at 14:00 when XRP fell from $3.04 to $2.97 on a 169.41 million volume surge — over 3x its 24-hour average of 52.73 million — establishing $3.04 as interim resistance and validating $2.93 as a local support floor, according to CoinDesk Research's technical analysis data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Final-hour price action confirmed bearish control. XRP slid 1% from $2.94 to $2.92 between 01:15 and 02:14, completing a high-volatility session that saw a $0.13 swing, or 4.2% intraday range. A late 02:11 volume burst of 1.6 million sealed the decline as the token printed fresh intraday lows.
Price Action Summary
- XRP traded within a $0.13 range between $3.08 and $2.93.
- Price collapsed 4.2% on 169.41 million total volume.
- Peak decline occurred between 14:00 and 15:00 with the highest hourly sell volume.
- Final hour saw 1% additional downside, led by a 1.6 million trade at 02:11.
- Resistance caps at $3.04; support forms at $2.93.
- Consolidation range now sits between $2.96 and $2.97.
Technical Analysis
Price structure confirms rejection at $3.04 with immediate downside to $2.93 on above-average volume. The breach of short-term moving averages and failure to sustain above $3.00 point to continuation risk. Volume spikes during key selloff windows support the bearish bias.
Volatility remains elevated with no clear reversal signals printed. If $2.92 fails, next support zones lie near $2.87 and $2.80 based on historical volume nodes.
What Traders Are Watching
- Reclaim of $3.00 psychological level and defense of $2.93 zone.
- Whether bullish divergence emerges on intraday momentum indicators.
- Broader market impact from macro risk-off sentiment driven by geopolitical tensions and renewed trade instability.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
