XRP News Today: XRP Consolidates Near $3.08 Amid Mixed Technical Signals and Waning Momentum

XRP remains in a consolidation phase on August 16, 2025, with the price currently hovering around $3.0785. The asset has failed to break past the $3.50–$3.66 resistance zone and continues to trade within a defined range above $3.00. Buyers have managed to hold the price above this critical level, while sellers consistently reappear whenever XRP approaches previous highs. The daily 24-hour trading range is between $3.001 and $3.1414, with trading volume slowing compared to earlier in the month [1].

Yesterday’s prediction correctly anticipated a sideways movement, as XRP has remained above $3.00 without significant upward movement beyond $3.15. This aligns with the expectation of a consolidation pattern following a strong price run from $1.61 to $3.66 earlier in August. Open interest and volume have both cooled, reinforcing the view that the market is entering a period of indecision [1].

Technical indicators reflect a mixed outlook. The Moving Average Convergence Divergence (MACD) shows a slightly bullish signal at 0.088, while the ADX(14) at 24.36 indicates a weak trend. The RSI is at 50.13, signaling neutrality, and the Ultimate Oscillator at 4.14 suggests bearish pressure. The Bull/Bear Power metric is at -0.1643, indicating a slight bearish control in the short term [1].

Analysts have outlined several potential price scenarios for XRP. A bullish case would require a break above $3.33 with strong volume, which could propel the price toward $3.50 and $3.66, with some forecasts eyeing a potential target of $3.90–$4.00. A neutral scenario projects continued sideways trading between $2.90 and $3.30 until a catalyst emerges. On the bearish side, a drop below $3.00 could see XRP fall to $2.85–$2.80, with $2.50 as a larger support area [1].

The broader market environment is also influencing XRP’s performance. A 1% decline on August 16 brought the price to around $3.05, with investors reacting to macroeconomic data such as the U.S. Producer Price Index (PPI) and concerns over delayed Federal Reserve rate cuts [3]. Open interest in XRP futures has declined below $8 billion, down from a peak of $9 billion earlier in the week, reflecting waning bullish momentum and cautious positioning among traders [4].

Market sentiment remains mixed. Retail activity is neutral, with no signs of overheating, but also lacking strong long-positioning. Institutional interest, however, is showing tentative support, with some analysts noting that XRP’s underlying fundamentals remain intact and could benefit from increased adoption in cross-border transactions [7]. A bullish flag pattern has also been identified, with forecasts suggesting a potential price target of $5 if sentiment and institutional adoption shift positively [6].

XRP’s immediate direction will depend on its ability to break out of the current range. A sustained move above $3.12 could reignite bullish momentum, while a break below $3.00 may lead to further consolidation or a deeper correction in the coming days [3].

Source:

[1] CoinAnk - [https://coinmarketcap.com/community/articles/689fd90d78799209467a4b46/](https://coinmarketcap.com/community/articles/689fd90d78799209467a4b46/)

[3] AInvest - [https://www.ainvest.com/news/xrp-news-today-xrp-price-stabilizes-3-12-technical-support-ema-cluster-resistance-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-price-stabilizes-3-12-technical-support-ema-cluster-resistance-2508/)

[4] FXStreet - [https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-consolidates-amid-neutral-retail-activity-declining-open-interest-202508151545](https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-consolidates-amid-neutral-retail-activity-declining-open-interest-202508151545)

[6] Crypto News - [https://crypto.news/xrp-price-prediction-analyst-predicts-5-as-markets-weather-liquidation-storm/](https://crypto.news/xrp-price-prediction-analyst-predicts-5-as-markets-weather-liquidation-storm/)

[7] CoinCentral - [https://coincentral.com/xrp-price-prediction-ripple-struggles-to-hit-4-while-remittix-builds-momentum-toward-a-30x-target/](https://coincentral.com/xrp-price-prediction-ripple-struggles-to-hit-4-while-remittix-builds-momentum-toward-a-30x-target/)