XRP News Today: XRP Bounces Near $3.13 Trendline After Brief Dip Below $3.00

XRP is locked in a key battle to reclaim a crucial trendline near $3.13 after breaking below it for the first time in weeks. The price briefly dipped below $3.00 before rebounding, bringing it back to the former support level now acting as resistance. Traders are closely monitoring whether bulls can hold above $3.15 on the 4-hour chart, which could signal a resumption of the uptrend [1]. The current price structure forms a classic breakdown-retest pattern, where the reclamation of the trendline will play a decisive role in determining the next phase of XRP’s movement [1].

Historically, the same trendline had supported a rally from $2.60 to $3.60, with multiple bounces reinforcing its significance. The breakdown on August 13 marked a structural shift, and while buyers have since pushed the price back toward the trendline, a sustained close above it remains a key condition for bullish momentum to take hold [1].

On a larger time frame, XRP is navigating through phases of accumulation and breakout, as noted by market observer Steph_iscrypto. After consolidating between $1.70 and $3.50, the asset broke out above $3.50 in late July 2025 [1]. If this pattern continues, the next target could be a blow-off top range above $4.00, extending up to $24.00. At current levels near $3.80, XRP appears to be in the early stages of the next potential rally [1].

Technical indicators show mixed signals. The price is stabilizing above the 20-period simple moving average at $3.0589, suggesting that bulls are attempting to gain a stronger footing [5]. A successful reclamation of $3.49 could trigger a retest of the $3.60 level. However, the narrow consolidation range indicates that a sharp reversal is still a risk, especially if key resistance levels fail to hold [5].

Looking ahead, some analysts speculate that a push above the $3 resistance level could open the door for XRP to surge toward $5 [2]. This would represent a strong reversal from recent bearish pressure, but it remains contingent on broader market conditions and whether the crypto sector can sustain a bullish trend [4].

The hourly chart shows XRP trading within a tight range, reflecting a period of indecision as neither buyers nor sellers have taken control. A breakout in either direction is necessary to drive the next phase of the trend [6]. Meanwhile, market volatility remains a factor. From August 9 to 15, the overall crypto market saw capitalization swings of nearly $20 billion, with sharp intraday moves and repeated lower highs. Despite this, XRP’s price action is being supported by positive sentiment around a potential XRP Spot ETF, which Ripple CEO Brad Garlinghouse has suggested could be approved by October 2025 [1].

Traders are now watching closely to see if this positive fundamental development can align with a favorable technical setup to trigger the next major rally. For now, XRP remains at a critical juncture, where the next few days will likely define its near-term trajectory [1].

Source:

[1] XRP / TetherUS Trade Ideas — BINANCE:XRPUSDT (https://www.tradingview.com/symbols/XRPUSDT/ideas/page-2/)

[2] Solana price movement expectations (https://www.facebook.com/groups/137****66946104/posts/1679544676050721/)

[4] Latest priceprediction News, Opinions and Feed Today (https://www.binance.com/en/square/hashtag/priceprediction)

[5] LRC/USDT analysis and forecast (https://www.facebook.com/groups/1104141****8649/posts/4141****55978490/)

[6] U.today's Profile (https://www.binance.com/en/square/profile/utoday_en)