XRP Trading Volume Surges 240%, Is a Rally Imminent or Crash Ahead?

XRP grabbed broader crypto market attention with a massive spike in trading volume today. This surge coincides with price trading near $1.45, a key level that analysts pointed out as a potential rally trigger. Are traders gearing up for massive accumulations or profit bookings in this key macro week?

Analysts Eye Breakout for XRP Rally to $1.80

Crypto analysts have turned bullish on XRP amid XRPL developments, whale buying, and massive inflows into spot exchange-traded funds.

Crypto analyst Ali Martinez predicted that a close above $1.45 could set the stage for a rally. XRP is trading within a symmetrical triangle and is rising, suggesting a potential breakout. This could trigger a rally in XRP to $1.80, he added.

Another analyst Dom also highlighted $1.45 as a key level to break for further upside momentum. “Let me make it very simple. Over $1.45 area, things can move very fast. Acceptance above, not just peaking,” he said.

A 12-hour chart showed the next high-volume resistance areas are near $1.80 and $2.1. The token is holding key technical levels, whales and institutional buying remain steady in spot markets.

The massive trading volume of nearly 240% over the past 24 hours supports a further upside move in XRP price. The latest pullback is likely due to traders becoming cautious ahead of US CPI and PPI data releases this week.

CoinShares data revealed XRP ETF inflows accelerated to $39.6 million last week as the CLARITY Act markup is expected on Thursday. Global digital asset investment products saw $857.9 million in inflows, the sixth consecutive positive week.

On-Chain Data Signals Further Upside

As CoinGape reported earlier, XRP whale inflows to Binance reached a four-year low. This indicated a clear shift in sentiment among major investors, including institutional investors.

CryptoQuant’s Taker Buy/Sell Ratio has been moving close to the 1 level for a long time, showing that the balance between buyers and sellers is shifting from neutral toward a slight buyer advantage.

A ratio consistently below 1 is expected to trigger a price decline. However, XRP continues to hold the $1.35-$1.45 range, suggesting that sell pressure is still being absorbed by buyers.

Both taker buy volume and taker sell volume have dropped sharply compared to previous months. This shows there is no major panic selling in the market right now, but also no strong FOMO buying yet. Such conditions are often seen during accumulation phases.

If the ratio stays above 1 for several days and buy trading volume starts surging, the probability of a move toward the $1.50-$1.60 region would increase significantly.