XRP Trading Volume Surges 3,445% on Coinbase as Investors Eye Breakout

XRP, the fourth-largest cryptocurrency by market cap, is experiencing a dramatic spike in trading activity on Coinbase. According to CoinGlass, XRP/USD volume surged 3,445% over the past seven days, reaching $1.06 billion. This rise comes amid a broader market rotation from Bitcoin into altcoins following BTC’s recent all-time highs.

The sharp increase in XRP volume on Coinbase, a platform favored by U.S. retail investors, signals growing interest and potential positioning for a significant price move. XRP currently trades within a consolidation range between $2 and $2.65, reflecting a tight supply-demand balance. The Relative Strength Index (RSI) sits near the midpoint, suggesting indecision as bulls and bears battle for control.

Despite the volume boost, XRP fell to $2.284 on Friday as Bitcoin dropped from above $111,000 to around $108,600, triggering a broader crypto sell-off. However, analysts view this pullback as temporary, with XRP holding firm within its range.

Technical traders are closely watching the $2.65 resistance. A decisive breakout above this level could confirm a bullish inverse head-and-shoulders pattern, setting a potential upside target of $3.70. Conversely, a break below $2 may trigger a bearish move toward $1.60 or even $1.27.

With altcoin season potentially heating up and XRP gaining momentum, traders are closely monitoring price action for signs of the next major move. As volatility rises across the crypto market, XRP’s spike in volume and positioning on Coinbase suggests it could be a key altcoin to watch in the coming days.