August 5, 2025 — Ripple’s XRP token posted a resilient 5% gain on Tuesday, defying growing opposition from traditional banks to the company’s latest license application. Despite market uncertainty and heavy transaction flows, XRP closed the day at $3.04, after trading within a highly volatile range of $2.83 to $3.11 — a 9.8% intraday swing.
Volatility Spikes as Whale Transaction Hits Order Books
A major contributor to the day’s volatility was a $33 million one-minute transaction, which rippled through order books and temporarily spooked market participants. The total trading volume surged past 110 million XRP, signaling heightened interest — and caution — among traders.
“The market reacted sharply to that single high-volume transaction,” said analysts at CD Analytics. “Such whale moves often trigger automated responses across exchanges.”
Resistance Capping Short-Term Upside
While XRP successfully held above support at $2.80, it struggled to break past short-term resistance levels near $3.11. Technical analysts point to this zone as a critical barrier for bullish continuation, with price action likely consolidating unless accompanied by further momentum or institutional inflows.
Banking Pushback Fails to Dent Sentiment
Ripple’s ongoing push for a new financial services license faced renewed opposition from legacy banking institutions earlier this week. However, the news did little to deter retail traders, who appear more focused on market structure and technical indicators than regulatory headwinds.
“It’s encouraging to see XRP maintain strength despite regulatory friction,” said one analyst. “It reflects growing confidence in Ripple’s ecosystem.”
Institutional Flows Remain Balanced
According to CD Analytics, institutional flows for XRP were net neutral, with divestment from some funds being offset by an increase in leveraged long positions. This balance suggests that while some large players are cautious, others are betting on further upside.
What’s Next for XRP?
To sustain its bullish momentum, XRP will need to break and hold above $3.11, opening the door to further upside targets near $3.30 and $3.50. However, a failure to reclaim resistance could lead to a retest of lower supports near $2.75.
Market participants are also watching for updates on Ripple’s license battle and broader market sentiment as potential catalysts.
Bottom Line:
Despite regulatory friction and intraday volatility, XRP’s resilience and strong trading activity hint at continued trader interest. Whether this leads to a breakout or deeper consolidation will depend on upcoming technical and regulatory developments.
