XRP News Today: XRP Bounces 4.86% as Price Stabilizes Between $2.80 and $3.00

XRP is currently consolidating in a crucial price range between $2.80 and $3.00, a level that has historically served as both support and resistance [1]. On August 4, the asset saw a 4.86% gain, closing at $2.9135 after briefly dropping to $2.7273 earlier in the session [1]. The bounce aligns with earlier predictions that emphasized the importance of maintaining a position above $2.80 to keep the bullish structure intact [1]. The 200-day moving average remains at $2.4554, indicating that the long-term trend is still upward [1]. However, the RSI at 48 shows the market has cooled from the overbought conditions seen in July [1].

The daily candlestick pattern suggests that XRP is stabilizing after a sharp correction from its July peak of $3.65 [1]. The price has bounced from $2.72, a level just above the critical short-term zone of $2.70–$2.77. Holding this range remains key to preventing a more significant decline [1]. While volume has increased slightly following the bounce, the asset has yet to reclaim the $3.00 level, which is seen as a crucial psychological threshold [1]. Until XRP breaks above this level, maintaining a strong bullish momentum will be challenging [1].

Technical indicators provide a mixed outlook. The MACD is slightly bullish at 0.074, but the Highs/Lows indicator and the ROC are bearish, indicating that selling pressure remains a factor [1]. The Ultimate Oscillator at 40.56 suggests weak momentum, while the Bull/Bear Power metric shows that bears are slightly in control [1]. A sustained move above $3.00 could shift sentiment quickly, but a drop below $2.77 could trigger another wave of selling and push the price toward $2.60 [1].

Bullish scenarios for XRP depend on a strong close above $3.00 with increased volume, which could set the stage for a move toward $3.20 and $3.30 [1]. A breakout above these levels might lay the groundwork for a broader medium-term recovery [1]. In a neutral scenario, XRP may trade between $2.80 and $3.00 as the market waits for a catalyst [1]. A bearish outcome, however, remains a risk if $2.77 is breached, potentially sending the price toward $2.60 and even lower if the broader market weakens [1].

The ongoing legal battle between Ripple and the SEC is also influencing sentiment. Recent rulings have been partially favorable, with one judge determining that XRP sold to retail buyers does not constitute a security [1]. This has sparked optimism that a favorable legal outcome could lead to greater institutional adoption and broader use of the XRP Ledger [1]. Analysts suggest that long-term price forecasts for XRP are contingent on regulatory clarity, with some models projecting prices between $5 and $9 by the end of 2025 and as high as $15–$20 by 2030 [1].

Daily price projections for August 4 indicate XRP may trade between $2.92 and $3.36 [4]. A strong close above $3.00 could validate many bullish forecasts and signal the beginning of a larger recovery. Conversely, a failure to hold above $2.80 could lead to renewed bearish pressure and a retest of the $2.60 level [1]. Investors are advised to closely monitor price behavior around $3.00 and broader regulatory updates for potential turning points in the near future [1].

Source:

[1] Coinpedia (https://coinpedia.org/news/xrp-price-prediction-for-august-4/)

[2] FXStreet (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bonk-bitcoin-ethena-asian-wrap-4-august-202508040522)

[3] TheTradable (https://thetradable.com/crypto/xrp-price-prediction-drops-below-3-as-bears-take-control-4--a)

[4] 30Rates (https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast)