XRP News Today: XRP Surpasses $3.15 Support Level Amid Bullish Momentum and SEC Settlement Impact

XRP has demonstrated strong buying interest as it remains above the key $3.15 support level, reinforcing a continuation of the bullish trend observed in recent weeks. This level has acted as a crucial technical floor, with traders and analysts closely monitoring its integrity to gauge the strength of the ongoing uptrend. The price has shown consistent resilience, surging above both the 25-day and 99-day moving averages, indicating growing confidence among market participants [1].

Technical indicators suggest that the current upward trajectory could extend if XRP continues to hold its position above $3.15. A bullish flag pattern has been confirmed on the weekly chart, signaling a potential continuation of the trend that began earlier in the year. In this context, analysts have noted that if the price sustains its direction, it could break through resistance at $3.40 and move toward a projected target of $11 [2]. Healthy volume surges during upward moves further validate the strength of this momentum, indicating widespread participation and conviction in the asset’s upward potential [3].

The breakout from the consolidation phase has drawn attention from traders and investors, especially given the broader positive sentiment in the market. The recent resolution of the SEC case involving Ripple has added a layer of regulatory clarity, contributing to a surge in trading volume and renewed interest in XRP. Institutional activity has also been observed, including a significant XRP transfer to a major exchange, reinforcing the idea that the market is preparing for further upside [4].

However, key resistance levels remain in play, particularly the $3.40 area. If XRP can overcome this level, it could trigger a more aggressive rally toward the next objectives. Conversely, a drop back below $3.15 would introduce renewed bearish pressure, potentially leading to a retest of the $2.90–$2.95 support range [5]. The seven-day moving average is currently at 3.1504, showing minimal deviation from the current price level and suggesting that short-term consolidation is likely as the asset consolidates gains.

The relative strength index (RSI) is approaching overbought territory, but the overall technical structure remains firmly bullish as long as the price holds above critical moving averages. Continued buying above $3.40 would confirm the strength of the upward trend and open the door for further gains in the coming months [6]. The market is now waiting for a decisive move beyond the $3.42 level, where a breakout with strong volume and open interest could unlock even more upside [7].

Traders remain cautious but optimistic, with the immediate focus on maintaining momentum above $3.15 and preparing for a potential test of higher resistance levels. The broader market context, combined with favorable technical indicators and recent institutional activity, supports the view that XRP is in a strong position to continue its bullish trend in the near term.

Sources:

[1] XRP Maintains Bullish Momentum With Price Above $3.15 Support Level (https://coinmarketcap.com/community/articles/689897cd4aa6a72cbd7c74b0/)

[2] XRP Resistance Levels Eyed as Price Targets $3.75 Rally (https://thecurrencyanalytics.com/altcoins/xrp-price-surges-10-as-bulls-target-fresh-rally-toward-3-75-189647)

[3] XRP Trade Ideas — BITSTAMP:XRPUSD (https://www.tradingview.com/symbols/XRPUSD/ideas/?sort=recent)

[4] XRP jumps 9% after Ripple settles SEC case, eyes $4 target (https://www.ainvest.com/news/xrp-news-today-xrp-jumps-9-ripple-settles-sec-case-eyes-4-target-2508/)

[5] XRP Price Prediction for Today (August 10) (https://www.binance.com/en/square/post/281181****8033)

[6] Ripple (XRP) Price Predictions: $4 in Sight After ... (https://cryptopotato.com/ripple-xrp-price-predictions-4-in-sight-after-ripples-sec-victory/)

[7] XRP Soars Above $3 Following SEC Settlement Despite ... (https://blockchain.news/news/20250809-xrp-soars-above-3-following-sec-settlement-despite-daily-pullback)