XRP News Today: XRP's $3.29 Hurdle Holds Key to $6 Breakout or Downfall

XRP remains a focal point in the cryptocurrency market, with analysts offering a nuanced view of its price trajectory and long-term potential. At press time, XRP is trading around $3.03, with daily fluctuations hovering near this level amid a broader market consolidation. Analysts highlight that the token has shown resilience by maintaining support at the $3 threshold, despite facing significant selling pressure in the aftermath of reaching July highs of approximately $3.65 [1]. On-chain data further suggests confidence in XRP, with large holders accumulating roughly 250 million XRP over just eight days—valued at around $758 million at current prices [1].

Key resistance zones are currently in focus, particularly between $3.26 and $3.29, an area that has historically seen heavy supply due to prior trading activity involving over 1 billion XRP. Breaking through this level is seen as crucial for unlocking the next phase of XRP’s price movement [1]. Technical indicators also remain encouraging, with the RSI at approximately 67 and the XRP price consolidating above the 100-day moving average, suggesting a possible near-term breakout [1]. Some analysts project that a successful move beyond $3.29 could set the stage for a push toward $3.65 and, in turn, $6 in the medium term [1].

Regulatory developments have further bolstered the bullish sentiment around XRP. The resolution of Ripple’s long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) has removed a major overhang, leading to renewed optimism among investors. Several major asset managers, including WisdomTree, Franklin Templeton, and Grayscale, have filed amended applications for spot XRP ETFs [1]. As a result, the probability of an XRP ETF approval has risen to nearly 98% according to Polymarket, with decisions expected later this year [1]. JPMorgan has projected that such ETFs could attract inflows exceeding $8 billion in their first 12 months [1].

However, not all analysts are bullish. Some warn that the recent price decline of XRP, including a 6% drop amid large whale offloading of 460 million tokens, signals caution is warranted [2]. Over 93% of XRP's circulating supply remains in profit, and extended positive price action could trigger significant profit-taking should the market face a bearish shock. This has led to growing concerns ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole [2]. Additionally, XRP has fallen below key support levels, including the 50-day simple moving average, raising the possibility of a descent toward $2.78 or even $2.60 in the event of a sustained downturn [2].

Looking beyond price action, the long-term success of XRP is closely tied to Ripple’s broader institutional adoption and regulatory progress. Analysts emphasize the need for XRP to remain a viable solution for cross-border transactions and institutional compliance needs [3]. Ripple’s native automated market maker (AMM) amendment, which went live in early 2024, has strengthened the XRP Ledger (XRPL) as a more robust platform for financial institutions [3]. Additionally, the company’s foray into stablecoin development—most notably with Ripple USD (RLUSD)—could further reinforce XRP’s utility within its ecosystem [3].

Crypto analyst StephIsCrypto recently provided a detailed outlook, highlighting that XRP’s current accumulation by large holders may signal a forthcoming rally [4]. He also noted that market cycles, including Bitcoin’s halving window and the historical performance of XRP in previous bull runs, suggest the potential for a peak between October and November 2025 [4]. However, he warned of bearish divergence in key technical indicators, such as the stochastic RSI and MACD momentum, which could signal a reversal if not closely monitored [4].

XRP’s future remains in a delicate balance between regulatory progress, on-chain activity, and market sentiment. While the token faces risks such as profit-taking and potential regulatory uncertainties, its institutional adoption and growing demand from ETF applications continue to support a bullish case. The next few weeks will likely be critical in determining whether XRP can break out of its current consolidation phase and move toward higher price targets.

Source: [1] XRP Price Today: XRP Holds Strong at $3 With Analysts Predicting $6 Breakout Ahead (https://bravenewcoin.com/insights/xrp-price-today-xrp-holds-strong-at-3-with-analysts-predicting-6-breakout-ahead) [2] XRP Price Forecast: Large holders offload 460 million (https://www.fxstreet.com/cryptocurrencies/news/ripple-price-prediction-xrp-falls-6-as-large-scale-wallets-offload-tokens-202508200055) [3] Ripple's Continued Success Hinges on These 3 Factors (https://finance.yahoo.com/news/ripples-continued-success-hinges-3-103900055.html) [4] Analyst: Everyone Is Wrong About XRP. The Truth They're Not Showing You (https://timestabloid.com/analyst-everyone-is-wrong-about-xrp-the-truth-theyre-not-showing-you/)