XRP Price Soars 15% in 30 Minutes: Social Media Sparks Frenzy and Massive Trading Surge
The cryptocurrency market witnessed a dramatic event today as XRP surged by 15% within just 30 minutes, fueled by social media speculation. According to CoinMarketCap, XRP skyrocketed from $0.80 to $0.92 at 10:00 AM UTC, marking one of the most significant price movements in recent weeks. The surge was accompanied by a massive spike in trading volume, reaching 1.2 billion XRP, doubling the average daily volume from the previous day (600 million XRP) across major exchanges like Binance and Coinbase (TradingView, Feb 13, 2025, 10:30 AM UTC).
Social Media Sparks XRP Buying Frenzy
The catalyst for XRP’s explosive movement came from a mysterious tweet by the Twitter account @w_thejazz at 9:45 AM UTC, hinting at an upcoming major XRP-related event. This post sent traders into a FOMO (fear of missing out) frenzy, leading to a wave of aggressive buying across multiple XRP trading pairs, including XRP/USDT, XRP/BTC, and XRP/ETH (Binance, Feb 13, 2025, 10:00 AM UTC).
Trading Volume Doubles Amid Market Volatility
🔹 XRP surged 15% from $0.80 to $0.92 in just 30 minutes.
🔹 Trading volume spiked to 1.2 billion XRP, up from 600 million XRP the previous day.
🔹 XRP/USDT and XRP/BTC saw intense activity on Binance and Coinbase.
🔹 On-chain metrics showed a 20% increase in active addresses, with transactions per second jumping from 1,500 to 2,500 (XRPL.org, Feb 13, 2025, 10:15 AM UTC).
XRP Price Correction: A 4.35% Pullback After the Surge
Following the initial surge, XRP faced a mild correction, dropping to $0.88 by 11:00 AM UTC—a 4.35% decline from its peak. However, trading volume remained strong, with 900 million XRP changing hands during the correction phase, indicating that traders were still actively engaged (CoinMarketCap, Feb 13, 2025, 11:00 AM UTC).
Key Market Data for XRP’s Correction Phase:
🔹 XRP/USDT hit a high of $0.92 and a low of $0.88 with an average hourly volume of 400 million XRP (Binance, Feb 13, 2025, 11:00 AM UTC).
🔹 XRP/BTC on Coinbase traded between 0.000015 BTC and 0.000014 BTC, with 50 million XRP exchanged per hour (Coinbase, Feb 13, 2025, 11:00 AM UTC).
🔹 XRP Ledger saw a 20% increase in active addresses, confirming heightened participation from both retail and institutional investors (XRPL.org, Feb 13, 2025, 11:15 AM UTC).
Technical Indicators: Overbought Levels and Strong Momentum
🔹 RSI (Relative Strength Index) spiked to 85, signaling overbought conditions, which contributed to the price pullback (TradingView, Feb 13, 2025, 10:00 AM UTC).
🔹 MACD (Moving Average Convergence Divergence) showed a bullish crossover, suggesting potential for further upside (TradingView, Feb 13, 2025, 10:00 AM UTC).
🔹 Bollinger Bands widened significantly, with the upper band at $0.95 and the lower band at $0.78, indicating high volatility (TradingView, Feb 13, 2025, 10:00 AM UTC).
The XRP/USDT pair remained one of the most actively traded, with 400 million XRP per hour, while the XRP/BTC pair on Coinbase maintained 50 million XRP per hour during the peak of the surge (Binance, Coinbase, Feb 13, 2025, 10:00 AM UTC).
This price action highlights the power of social media in driving cryptocurrency markets, the importance of monitoring on-chain activity, and the need for traders to stay alert for sudden market shifts.
