Breaking Down the Volume Spike
Trading volume is one of the most critical indicators of market health, and XRP’s latest numbers stand out. Over the last 24 hours, XRP’s spot and derivatives volume crossed an estimated $6.5-$7 billion, up from roughly $5.1 billion the previous session. That 27% increase places XRP ahead of several competing Layer 1 assets, excluding only the top-tier leaders like Bitcoin and Ethereum.
This kind of volume growth typically reflects aggressive positioning by both retail and large traders, often ahead of a potential price expansion. Historically, XRP has shown that volume spikes above 25% within a single session often precede multi-day price moves, rather than immediate breakouts.
Price Action: From Weekend Lows to Stability
Over the weekend, XRP experienced a sell-off that dragged prices down to the $1.48–$1.52 demand zone, an area that has acted as technical support multiple times over the past 30 days. Buyers stepped in quickly, absorbing sell pressure and pushing the price back above $1.55 within hours.
As of this evening:
Current price range: $1.60-$1.64
24-hour price change: 4.8%
Weekly performance: 2.1%
Distance from recent low: Approximately 8%
This stabilization suggests that the market is entering a short-term equilibrium phase, where buyers and sellers are evenly matched while waiting for a clear catalyst.
Liquidity and Market Depth Improve
With higher volume comes stronger liquidity. XRP’s order book depth improved by an estimated 18% on major exchanges, meaning tighter spreads and less slippage for large trades. This is especially important for institutional-sized orders, which often avoid assets with thin liquidity.
Additionally, open interest in XRP derivatives rose by approximately 12%, indicating that traders are not just buying spot but also placing leveraged bets on future price movement. Rising open interest alongside stable prices usually points to position-building rather than panic trading.
How XRP Ranks Among Layer 1 Protocols
Based on current volume metrics, XRP now ranks:
4th among all Layer 1 blockchains by 24-hour trading volume
Top 3 excluding stablecoins
Above its 30-day average volume by nearly 31%
These rankings matter because Layer 1 competition is intense, and volume dominance often translates into stronger market relevance, better liquidity, and increased visibility among global traders.
What the Data Suggests
From an analytical standpoint, XRP is currently trading within a compressed volatility range, with its 24-hour volatility index dropping to 3.9%, down from 6.2% earlier this week. Lower volatility following a volume spike often signals that the market is coiling for a larger directional move.
Key levels traders are watching:
Immediate support: $1.55
Major support: $1.50
Near-term resistance: $1.68
Psychological resistance: $1.75
A confirmed break above $1.68 on sustained volume could open the door toward the $1.80–$1.90 range, while a loss of $1.55 may bring sellers back into control
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