XRP Sees Explosive $23 Million Spike in Just 60 Seconds—TEUCRIUM CEO Calls Demand “Unprecedented”
- Samantha
- 3 minutes ago
- 2 min read
Within a single minute this week, XRP trading volume shot up by $23 million, marking one of the most dramatic short-term spikes the token has ever experienced. On-chain monitoring platforms reported that major exchanges recorded this sudden influx of buy orders, and Sal Gilbertie, CEO of Teucrium Trading, described the rush as “unprecedented” in its intensity and speed.
The 60-Second Surge
Data showed that between 14:32 and 14:33 UTC on Wednesday, XRP’s turnover doubled from its typical minute volume as large-scale buyers flooded the market. This surge coincided with a broader altcoin rally led by Bitcoin reclaiming $90,000, triggering spillover demand into high-utility tokens like XRP.
What Drove the Frenzy?
Analysts point to three main factors behind the spike:
Regulatory Optimism: Murmurs of a more favorable U.S. regulatory stance toward XRP—especially after the SEC’s recent personnel changes—encouraged investors to front-run potential positive rulings.
Technical Breakout: XRP had been consolidating in a tight $2.10–$2.30 range; the sudden volume influx broke that ceiling, igniting short squeezes and momentum trades.
Whale Accumulation: Blockchain analytics indicate that several large “whale” wallets were moving XRP off exchanges, suggesting longer-term holding intentions and reducing available sell-supply.
Market Impact and Price Reaction
The minute-long buying spree caused XRP’s price to jump from $2.15 to $2.40 within hours. Reduced liquidity on the sell-side amplified the price move, while short-term momentum traders reinforced the rally. By the end of the day, XRP’s market capitalization had climbed by over 5%, reflecting renewed confidence in the token’s fundamentals.
Looking Ahead
With this record-setting spike as a yardstick, traders are now eyeing key levels:
$2.50 Resistance: A decisive close above this mark could pave the way to $3.00.
$3.84 All-Time High: Sustained bullish catalysts—like potential ETF approvals or landmark partnerships—might drive XRP to test its 2018 peak.
While minute-scale surges are inherently volatile, this event highlights XRP’s growing role in fast-moving market dynamics. As long-term holders accumulate and regulatory clarity improves, similar bursts of demand could become more common—reminding the market that XRP remains one of the most closely watched digital assets around.