XRP Surges Nearly 6% Amid Significant Whale Activity and Volume Spike

XRP increased by nearly 6% during a late-session breakout, boosted by a significant volume spike that reached 108.12 million, four times its hourly average. The price established support above $2.20 amidst substantial whale activity.

Key Points

The breakout coincided with improved global risk sentiment and a broader crypto market rally.
XRP rose from $2.19 to $2.20 in the last hour of trading.
Major transfers included a $58 million movement to Coinbase and a $439 million transfer by Ripple.
Despite typical bearish signs, XRP maintained strength, indicating growing confidence among investors.
The ongoing Ripple v. SEC case remains a crucial factor influencing XRP's future performance.
Increased retail interest is evident, with searches for “XRP to $3” on Google Trends rising.
Analysts are targeting potential upside between $3 and $5 based on recent technical patterns.

Price Action Summary

XRP traded within a $0.056 range, peaking at $2.23 before consolidating between $2.19 and $2.20.
Support held firm at $2.17 despite substantial whale movements.
The breakout began at 01:28 UTC with notable volume growth at 01:33–01:34.
Strong buying interest was noted at 02:00, suggesting potential for continuation.