XRP News Today: XRP Approaches $3.30 Resistance as Legal Settlement Sparks Optimism

XRP is currently at a critical juncture, testing a key resistance level of $3.30 amid mixed market dynamics. A successful breakout could trigger a renewed bullish phase, with $3.50 and $3.70 as potential next targets. However, the lack of significant volume during recent price increases has raised concerns about the sustainability of the move. Technical indicators suggest that a daily close above $3.30 would signal a shift in momentum, but without strong volume confirmation, the risk of a false breakout remains [1].

The 20-day and 50-day exponential moving averages (EMAs) serve as critical support levels, currently at $3.07 and $2.81, respectively. These provide a safety net for buyers should XRP face a pullback. The 50-day EMA has been particularly resilient, reinforcing the idea that the broader uptrend remains intact [1]. Analysts emphasize that a retest of the $3.30 level in the coming days will be crucial in determining the next direction of the asset.

Recent regulatory developments have also played a role in shaping XRP’s price action. On July 21, 2025, Ripple and the U.S. Securities and Exchange Commission (SEC) reached an agreement to drop all remaining legal appeals, a development that immediately triggered a price surge beyond $3.33 [1]. This resolution has significantly improved market sentiment and reduced regulatory uncertainty, which had long weighed on the asset’s price.

Trading volume has also increased in the wake of the legal settlement, with over 300 million XRP traded in a short period, suggesting heightened institutional interest [2]. Analysts interpret this as a positive sign for the sustainability of the current rally. Some forecasts suggest that XRP could reach $8.00–$15.00 during this market cycle, with one analyst specifically predicting a $10 target, citing expected regulatory changes in late August 2025 [5]. However, it is important to note that such predictions are speculative and based on individual analyst views.

The broader market for XRP has also shown strength, with record activity in futures contracts and increased participation across exchanges. The $3.10 support level has remained intact, reinforcing the potential for continued upward movement. Ripple’s recent collaboration with SBI Holdings to launch a Bitcoin-XRP ETF has further enhanced investor confidence, potentially opening the door for greater institutional investment [2].

Looking ahead, the key for XRP will be maintaining its position above $3.30 and generating consistent follow-through buying. If the price can hold above this level and attract sustained volume, it may confirm a broader trend reversal. However, traders should remain cautious, as market conditions can shift quickly, especially in the absence of strong volume support.

Source:

[1] Coinotag - https://en.coinotag.com/xrp-eyes-potential-breakout-above-3-30-amid-market-dynamics-and-volume-concerns/

[2] Coindoo - https://coindoo.com/xrp-price-prediction-ripple-could-rally-to-12-but-remittix-is-generating-bigger-buzz-with-800-gains/

[5] Facebook - https://www.facebook.com/manuel.guevarra.369210/