XRP News Today: XRP Tests $3.30 Resistance as Bullish Patterns and Legal Settlement Fuel Optimism

Ripple’s XRP is currently testing the $3.30 resistance level, a key price point that could signal the start of a new bullish trend following a recent rebound from the $3.00 support zone. The cryptocurrency has moved beyond a critical descending trendline that had acted as a ceiling since July, with traders closely watching whether the breakout is confirmed by strong institutional buying [1].

The current price of XRP has climbed to $3.27, putting the token within striking distance of $3.30, a level that analysts have identified as a potential gateway to higher price targets. A decisive daily close above this threshold could open the door to $3.50 and $3.70, according to technical indicators and chart patterns [1]. However, mixed trading volumes have raised concerns about the sustainability of the move, with some experts cautioning that volume is a key confirmation factor for any sustained breakout [2].

The 20-day Exponential Moving Average (EMA) at $3.07 has provided a short-term support, while the 50-day EMA at $2.81 offers a deeper safety net for bulls. If the price holds above $3.30 in the coming sessions, the trendline breakout would be validated. A failure to maintain this level could trigger a retest of the $3.07 or $2.81 support levels before another attempt at a rally [1].

Bullish sentiment is also being driven by Ripple’s expanding global partnerships in cross-border payments and growing speculation around a potential spot XRP ETF in the U.S. These developments, along with the recent resolution of Ripple’s legal battle with the SEC, have contributed to a more optimistic market outlook. Additionally, open interest in XRP futures has surged since the beginning of August, suggesting increased positioning for volatility [1].

Analysts have also pointed to the formation of a bullish flag pattern that began in mid-January 2025, during which XRP traded between $2 and $3. The recent breakout above the upper trendline of this pattern has validated the potential for further gains. Market analyst Ali Martinez has forecasted that XRP could eventually reach $15, representing a 328% increase from the current price of $3.25 and a 525% rise from the breakout price of $2.4. However, he emphasized that the path to this target will likely involve retracements and consolidation periods as the market adjusts to the new price level [2].

In the immediate term, XRP faces resistance between $3.24 and $3.27. A successful breakout above this range could push the price toward $4.50–$5.00, according to some analysts. However, a significant "sell wall" of approximately 29 million XRP exists between the breakout price and $3.50, representing a key challenge for upward momentum [2].

Another analyst, citing similar bullish patterns, has set a $3.8 price target, based on the continuation of the current trend. This level represents the next major resistance for XRP and is expected to be tested in the near term [3]. Meanwhile, Martinez predicted that after breaking out of a triangle, XRP could move toward $3.34, with the coin currently trading at $3.28 [4].

Multiple analysts have noted the formation of bull flag patterns with potential price targets ranging from $8 to $15. These predictions are conditional upon confirmation from volume and price movements. In addition, recent news of a legal settlement between Ripple and the SEC has added to the growing optimism in the market, with some analysts suggesting a potential breakout to $10 is imminent [6].

As of the latest data, XRP is testing the $3.30 resistance level, with potential targets at $3.50–$3.70 if the breakout is confirmed. While the technical and legal developments suggest that XRP is in a strong position to continue its upward trajectory, caution remains necessary as the market may retest previous levels before moving higher [1].

Source:

[1] XRP News Today: XRP Approaches $3.30 Resistance as ... (https://www.ainvest.com/news/xrp-news-today-xrp-approaches-3-30-resistance-legal-settlement-sparks-optimism-2508/)

[2] Here's Why This Analyst Believes XRP is Now Setting Its ... (https://thecryptobasic.com/2025/08/11/heres-why-this-analyst-believes-xrp-is-now-setting-its-sights-on-15/)

[3] XRP Price Could Explode To $3.8 Amid Trend Continuation (https://www.mitrade.com/insights/news/live-news/article-3-1027940-20250811)

[4] Crypto analyst nails XRP prediction as Ripple and SEC case ... (https://finance.yahoo.com/news/crypto-analyst-nails-xrp-prediction-163126103.html)

[6] XRP Price Prediction as Ripple vs SEC Lawsuit Ends (https://coingape.com/markets/xrp-price-prediction-as-ripple-vs-sec-lawsuit-ends-multiple-analysts-see-a-breakout-to-10-imminent/)