XRP News Today: XRP Approaches $3.30 Resistance as Bullish Breakout Looms

XRP is currently at a critical juncture as it approaches key resistance levels that could dictate its near-term price direction. The $3.30 level has emerged as a focal point for both traders and analysts, with many noting that a confirmed breakout above this level could trigger a bullish phase. Should XRP manage to surpass $3.30 with sustained buying pressure, it could target higher resistance levels at $3.50 and $3.70, based on recent technical analyses [1]. A further move past $3.65 could bring XRP into uncharted territory, potentially approaching all-time highs [2].

The broader technical landscape suggests that XRP is also nearing a significant Fibonacci dominance level of 5.92%, a key indicator of potential price movement [3]. Analyst EGRAG CRYPTO has pointed out that a breakout above this level could lead to further gains, with projected dominance levels at 8.87% and 11.61% [4]. The 21.5% dominance level, which aligns with the Fib 0.888 level, is considered a major milestone that could redefine XRP’s standing in the cryptocurrency market [5]. Historical data reveals that XRP has previously tested the 5.75–5.92% dominance range in late 2019, early 2020, and again in 2025—each time marking a potential buildup of momentum [3].

On the price chart, XRP has demonstrated resilience, particularly near the $3.23–$3.25 range, with support levels remaining intact around $2.80–$2.85 [6]. The immediate resistance is currently at $3.58, with a stronger barrier at $3.66 [7]. Analysts suggest that if XRP can maintain a bullish momentum and move beyond the $3.50–$4.00 range, it could attract increased liquidity and investor interest, further reinforcing a positive market psychology around the asset [8].

However, the path ahead is not without risk. Market volatility, resistance clustering, and broader macroeconomic factors could slow XRP’s progress before the next potential breakout [9]. The 11.61% dominance level is viewed as a crucial benchmark—if XRP fails to reach it, it may signal underperformance in the current market cycle [3].

Moving averages also play an important role in XRP’s trajectory. The 20-day EMA at $3.07 and the 50-day EMA at $2.81 provide foundational support, highlighting the positive sentiment that persists as long as XRP remains above these levels [2]. A decisive and sustained close above $3.30 would be a key confirmation of bullish momentum, while a failure to break through may result in retracements toward $3.07 or even back to $2.81 [2].

Strong trading volume is essential in validating any upward movement, and recent observations show a decline in volume, which has historically been an important factor in confirming price trends [1]. Traders are advised to closely monitor volume activity in the coming weeks to determine whether a genuine breakout is underway or if the current conditions may lead to a reversal.

In summary, XRP remains in a critical phase as it tests key price and dominance levels that could determine its future performance. A confirmed breakout above $3.30, supported by strong volume, would be a key signal for a potential bullish turn. Conversely, failure to maintain momentum could lead to a retesting of lower support levels. As the market watches closely, the next few weeks may provide the necessary confirmation to determine XRP’s direction.

Source:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-approaches-3-30-resistance-legal-settlement-sparks-optimism-2508/

[2] https://holder.io/news/xrp-3-30-resistance-bullish-rally/

[3] https://bravenewcoin.com/insights/ripple-price-prediction-analyst-says-historical-xrp-pattern-signals-ripples-path-to-global-dominance

[6] https://www.mitrade.com/insights/news/live-news/article-3-1026652-20250810

[7] https://blockchain.news/news/20250810-xrp-price-holds-strong-at-325-despite-minor-pullback-following

[8] https://bravenewcoin.com/insights/xrp-price-prediction-xrp-targets-4-after-ripple-vs-sec-case-closure-and-1-9b-whale-activity

[9] https://www.bitget.com/news/detail/12560604905075