XRP News Today: XRP Bounces to $2.90 After Dip to $2.75 as Traders Watch $3.12 Resistance

XRP has regained its footing, trading at $2.90 after a brief pullback to $2.75, signaling a potential stabilization in the short term. The dip, which appeared as a sharp wick on the two-month chart, generated mixed reactions among traders. Some interpreted it as a sign of weakness, while others saw it as part of a broader pattern. Analysts have urged caution, emphasizing the importance of viewing the price movement within the context of longer-term trends rather than isolated volatility [1].

The current price is positioned between key technical levels, with support at $2.85 and resistance at $3.12. Analyst EGRAG CRYPTO highlighted the $3.12 level as a crucial breakout point, noting that a successful close above it would indicate a resumption of upward momentum. If XRP fails to break this resistance, it could face renewed downward pressure, potentially testing the $2.75 support again. The $2.85 level, meanwhile, has held firm and is being closely monitored as a critical defense point [2].

Trading volume for XRP surged by 27.69% to $10.37 billion, according to Coinglass, reflecting increased market participation and interest. This rise in volume is seen as a positive signal, as it typically accompanies more structured price movements. Open interest also increased by 4.88% to $7.51 billion, reinforcing the idea that traders are positioning for potential volatility [3].

Ripple’s Chief Technology Officer, David Schwartz, has made headlines with plans to set up a personal high-speed server for the XRP Ledger network. Although the server will not be part of Ripple’s official operations, it is intended to enhance performance testing and data collection. Schwartz emphasized that the initiative supports the ledger’s decentralized nature without centralizing control, a key concern in the crypto community [4].

Technical analysts continue to watch the $3.12–$3.21 range with particular interest. A breakout above this level could confirm the end of a correction phase and open the door to higher targets, including potential resistance at $4.60–$4.80. The psychological $4.00 level would represent a major milestone for XRP if it can sustain an upward trend. However, any failure to maintain momentum above $3.12 could lead to further consolidation or another pullback [5].

The recent price action reflects a mix of optimism and caution among market participants. While the rebound from $2.75 shows resilience, the broader market remains in a state of flux, with macroeconomic and regulatory developments influencing sentiment. Analysts are split on the significance of the recovery, with some viewing it as a temporary relief and others as a potential precursor to a more sustained rally [6].

In summary, XRP’s recent performance underscores the delicate balance between support and resistance levels. The market is now at a crossroads, with the $3.12 resistance level serving as a key decision point. Traders and investors will be watching closely to see whether XRP can maintain its current momentum or revert to a consolidation phase. For now, the asset appears to have stabilized at $2.90, offering a brief reprieve in a volatile trading environment [7].

Source:

[1] Blockonomi - [https://blockonomi.com/xrp-xrp-price-trading-at-2-90-after-recovery-from-2-75-dip/](https://blockonomi.com/xrp-xrp-price-trading-at-2-90-after-recovery-from-2-75-dip/)

[2] The - [https://www.thecoinrepublic.com/2025/08/03/xrp-price-to-3-key-support-resistance-levels-to-watch/](https://www.thecoinrepublic.com/2025/08/03/xrp-price-to-3-key-support-resistance-levels-to-watch/)

[3] Blockonomi - [https://blockonomi.com/solana-sol-price-25-decline-from-july-peak-as-trading-stabilizes-around-162/](https://blockonomi.com/solana-sol-price-25-decline-from-july-peak-as-trading-stabilizes-around-162/)

[6] Attack - [https://attackthesystem.com/2025/08/03/daily-cryptobeat-for-8-3-2025/?utm_campaign=daily-cryptobeat-for-8-3-2025&utm_medium=rss&utm_source=rss](https://attackthesystem.com/2025/08/03/daily-cryptobeat-for-8-3-2025/?utm_campaign=daily-cryptobeat-for-8-3-2025&utm_medium=rss&utm_source=rss)