XRP News Today: XRP drops below $3.00 as bearish pressure intensifies ahead of key support levels

XRP’s price moved lower on August 18, 2025, following a failure to hold above the $3.00 level. The token, which had hovered near $3.10 the previous day, dipped toward $2.99 as sellers intensified their activity, shifting the short-term outlook to bearish. Traders are now watching the $2.85 level closely, as a breakdown below this could trigger further declines toward $2.70 [1].

The bearish trend was confirmed as expected, with XRP moving into the $2.85–$2.80 range after losing the $3.00 level overnight. This contrasts with the earlier expectation of a sideways movement between $3.00 and $3.30, highlighting the dominance of bearish pressure in the market [1]. On the 4-hour chart, XRP struggles to recover, with every attempt to rise capped below $3.10, reinforcing the control of short sellers [1].

Key indicators support the bearish bias. Trading volume remains elevated following the breakdown below $3.00, signaling strong selling pressure. Open interest has cooled, suggesting traders are closing long positions and reducing risk. Meanwhile, net long positions have fallen sharply, while net shorts have risen, reflecting a shift in market sentiment toward caution and pessimism [1].

Price predictions for the day outline three potential scenarios. A bullish recovery above $3.00 could stabilize the market and retest the $3.10–$3.20 range, with a break above $3.30 required to resume an upward trend. A neutral consolidation between $2.85 and $3.10 is also possible if buyers defend key support levels. However, the most likely bearish outcome sees XRP falling to $2.85 and potentially $2.70 if selling continues. A more severe decline to $2.50 is unlikely at this stage [1].

Analysts have highlighted the potential approval of XRP spot ETFs as a key driver for long-term optimism. Such a regulatory shift could provide legal clarity and boost XRP’s market capitalization, with some forecasts suggesting a price target of $5 to $6 [2]. However, this remains speculative and dependent on broader institutional adoption and regulatory developments.

On the other hand, bearish indicators warn of a possible 20% price correction in the near term, driven by widespread profit-taking among XRP holders. A failure to maintain key support levels could lead to further downward movement, with the $2.7254 level seen as a critical test for the token [3].

Technical analysis suggests XRP remains above the $3.05–$3.10 support zone, with potential for new highs in 2025 if the bullish trend resumes. Some forecasts project a price of $4 by September, driven by growing institutional interest and real-world applications such as cross-border payment solutions [4].

Short-term price data for August 18 shows XRP trading at $3.0718, with an intraday high of $3.2868 and a low of $2.8568. The following day is expected to see a slight increase to $3.0990 [5].

Amid this uncertainty, the broader cryptocurrency market showed signs of weakness, with Bitcoin and Ethereum both experiencing declines. This added to the bearish sentiment for XRP, as market-wide trends often influence individual assets [6].

Investors are advised to closely monitor both on-chain data and regulatory developments. While bullish scenarios remain on the table, the immediate outlook is dictated by technical breakdowns and elevated selling pressure. The potential approval of XRP spot ETFs remains a key variable in shaping the token’s near- and long-term trajectory [7].

Source:

[1] CoinMarketCap Community: [XRP Price Prediction for Today, August 18](https://coinmarketcap.com/community/articles/68a2b59c9c78c40f0c6dbac3/)

[2] FXLeaders: [XRP Price Prediction: Ripple Eyes $5–$6 on Legal Clarity ...](https://www.fxleaders.com/news/2025/08/17/xrp-price-prediction-ripple-eyes-5-6-on-legal-clarity-etf-rush-and-policy-shift/)

[3] FXLeaders: [Ripple Faces Crypto Armageddon, XRP crash below $3](https://www.fxleaders.com/news/2025/08/18/ripple-faces-crypto-armageddon-xrp-crash-below-3/)

[4] Brave: [XRP Price Prediction: Elliott Wave Pattern Suggests ...](https://bravenewcoin.com/insights/xrp-price-prediction-elliott-wave-pattern-suggests-xrp-could-hit-new-highs-in-2025)

[5] 30: [XRP PRICE PREDICTION TOMORROW, WEEK AND ...](https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast)

[6] Cryptonews: [Latest Updates for August 18, 2025 – Crypto Market Turns ...](https://cryptonews.com/news/live-crypto-news-today-latest-updates-for-august-18-2025/)

[7] CoinCentral: [XRP Price To Hit $4 By September But Remittix Could ...](https://coincentral.com/xrp-price-prediction-xrp-price-to-hit-4-by-september-but-remittix-could-deliver-a-10x-surprise-before-year-end/)