XRP News Today: XRP Approaches $3.30 Resistance With Potential $3.70 Price Target in View

XRP is currently approaching a key $3.30 resistance level, a critical threshold for potential price movement and trend continuation [1]. The cryptocurrency has recently rebounded from the $3.00 support zone, climbing to $3.28 and nearing the $3.30 level [2]. This movement has brought XRP back to a descending trendline that has constrained upward momentum since late July [1]. Analysts suggest that a daily close above $3.30 could unlock further gains, with potential price targets at $3.50 and $3.70 [2].

The technical structure supporting this rally includes strong support from the 20-day and 50-day exponential moving averages (EMAs), currently at $3.07 and $2.81, respectively [2]. These indicators have helped stabilize XRP’s broader upward trend despite recent fluctuations [1]. The price action also shows a constructive setup, with the 20-day EMA providing near-term support and the 50-day EMA offering a longer-term safety net [2].

While XRP has gained traction, volume trends in recent sessions suggest a slowing in momentum [1]. Lower trading volume during the current push toward $3.30 may limit the strength of a breakout, making sustained gains more challenging [1]. However, if the price stabilizes above $3.30, it could indicate stronger buying interest and reinforce the bullish trend [1]. A confirmed breakout could lead to a retest of the $3.50 level in the short term, while a failure to break the trendline might result in a pullback to $3.07 or even $2.81 [1].

Analysts are monitoring the broader implications of XRP’s recent performance, particularly in the context of the post-legal resolution environment [2]. The conclusion of the Ripple vs. SEC case, including the withdrawal of all appeals, has removed a major overhang on the market and contributed to renewed interest from both institutional and retail investors [2]. However, the price has also experienced a four-day decline, dropping approximately 8% to an intraday low of $3.11 on August 12, 2025 [4]. This pullback is attributed to profit-taking following the post-settlement rally and broader weakness in the cryptocurrency market [4].

Looking at potential price scenarios, analysts highlight key support and resistance levels that could shape XRP’s next moves [4]. On the upside, the $3.30 resistance is viewed as a turning point, with potential targets at $3.42, $3.55, and even $3.70 if the bullish momentum continues [5]. On the downside, $3.13 remains the immediate support level, with additional critical levels at $3.15 and $3.00 [4]. A retest of the $3.30 level is expected to provide more clarity on whether the current rally will continue [3].

Price forecasts from analysts suggest a range of possible outcomes. Some models predict that XRP could reach $3.46–$3.48 within the coming weeks if the $3.30 barrier is successfully breached [6]. More ambitious forecasts suggest a potential move toward $4.47 in the next few months [4]. However, these projections are based on technical analysis and should be treated as possibilities rather than certainties. Conservative outlooks also suggest the possibility of consolidation or a correction to the $3.12 level by late August 2025 [4].

Elevated trading volumes, despite the recent pullback, continue to reflect strong institutional interest, with over $9.16 billion in trading volume recorded [4]. Yet, the derivatives market shows signs of bearish pressure, with declining open interest and negative funding rates indicating short positioning [4]. This divergence between on-chain and off-chain activity points to a likely period of consolidation before a more definitive trend emerges [4].

As XRP approaches the $3.30 resistance level, the broader cryptocurrency market, including Bitcoin and Ethereum, will also influence its near-term trajectory [4]. A sustained move above $3.30 could signal a new phase in XRP’s price action, potentially leading to a more aggressive upward trend. Conversely, a failure to maintain momentum could result in a deeper correction toward $3.00 or below [4]. Investors and traders are closely watching for confirmation of a breakout, which could set the stage for the next major move in XRP’s price journey [4].

Source:

[1] AInvest

https://www.ainvest.com/news/xrp-news-today-xrp-price-approaches-key-3-34-resistance-bullish-indicators-legal-catalyst-2508/

[2] CoinDesk

https://www.coindesk.com/markets/2025/08/14/xrp-breaks-key-resistance-after-ripple-sec-win-is-usd8-next

[3] Mitrade

https://www.mitrade.com/insights/news/live-news/article-3-1034618-20250813

[4] Blockchain

https://blockchain.news/news/20250814-price-prediction-xrp-targeting-346-348-break-above-triangle

[5] MSN

http://www.msn.com/pl-pl/finanse/rynki/xrp-price-prediction-xrp-eyes-3-70-after-3-30-surge-is-the-5-target-now-in-play/ar-AA1KjpX1?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1

[6] Mitrade

https://www.mitrade.com/insights/news/live-news/article-3-1038087-20250814