XRP News Today: XRP Eyes $3.40 Hurdle as $3.20 Support Holds Firm Amid Bullish Order Book

XRP’s order book has shown signs of potential upward momentum, with the $3.20 support level acting as a key foundation for a short-term rally [1]. Analysts, including Xoom, note that the asset is "exactly where we want it" at this level, which has been holding firm despite market fluctuations [1]. The next immediate hurdle is identified at $3.40, with a minor pause expected before a potential breakout. If buyers can push through this level with strong volume and sustained interest, the $3.60–$3.80 range becomes the next focal point for significant price action [1].

Order book depth analysis reveals concentrated buying interest around $3.20, reinforcing its role as a price floor [1]. Meanwhile, the $3.40 level sees lighter resistance, meaning a clean break above it could signal a shift in market sentiment. Analysts suggest that this would open the door to a high-liquidity zone between $3.60 and $3.80, where sell orders are clustered and the battle for dominance is expected to intensify [1].

Technical structure supports this bullish outlook, as XRP’s recent breakout above the $3.20–$3.30 range has tilted higher timeframes in a bullish direction [1]. If buyers continue to defend this area and sellers fail to replenish liquidity, the likelihood of a sustained rally toward $3.60–$3.80 increases. The shift from resistance to support in this range is a common precursor to larger price moves and could signal a broader uptrend [1].

On-chain analytics also point to growing accumulation activity, with an increase in large wallets and transfers into self-custody [1]. This behavior typically reduces available liquidity on exchanges, which may intensify any upward movement. However, large whale movements can introduce volatility, as sudden inflows to exchanges may add selling pressure and disrupt bullish momentum [1].

Derivatives data shows rising open interest and funding rates, indicating increased leveraged positioning in the market [1]. A breakout above $3.40 accompanied by strong spot volume and thinning sell walls could catalyze a move toward $3.60–$3.80. While leveraged buying can accelerate gains, it also raises the risk of sharp corrections if long positions are liquidated [1].

Analysts project that if XRP sustains a move above $3.30 with strong volume, it could set the stage for a rally toward $3.55–$3.60 [3]. Some forecasts suggest a longer-term target of $5, assuming continued buying pressure and favorable liquidity conditions [3]. However, caution is also advised due to concerns about XRP’s large circulating supply and the potential for sudden market shifts [4].

Earlier in the month, a major legal development saw the U.S. Securities and Exchange Commission (SEC) dismiss its case against Ripple Labs, prompting an 11% price surge and a peak at $3.27 [5]. While this marked a short-term high, subsequent price action has highlighted the need for a stronger breakout to confirm a more sustained rally. Institutional trading volume also spiked 208% during this period, reinforcing the significance of the legal outcome [5].

Despite the recent optimism, XRP faces challenges if it fails to break above key resistance. Technical indicators suggest a potential drop to the $2.9611–$2.7354 support zone could occur before any meaningful recovery [6]. Meanwhile, a successful rally above $3.40 with strong volume could see a 10–20% price increase toward $3.80 [7].

Market participants remain cautious, particularly after Ripple co-founder Chris Larsen sold 50 million XRP in a single transaction, triggering a 14% intraday price drop [8]. While the coin has shown resilience since, the large supply of XRP in circulation continues to be a point of concern for some investors [4].

Broader market conditions remain supportive, with Bitcoin trading above $118,000 and other altcoins posting gains [9]. This positive macro environment increases the likelihood of XRP breaking out to higher levels, though it remains subject to ongoing regulatory and economic developments.

Source:

[1] Times (https://timestabloid.com/heres-what-xrp-order-book-update-says-about-coming-price-rally/)

[2] AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-order-book-signals-potential-rally-3-20-support-holds-firm-2508/)

[3] Economic Times (https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-eyes-3-70-after-3-30-surge-is-the-5-target-now-in-play/articleshow/123237428.cms)

[4] The (https://www.fool.com/investing/2025/08/11/3-reasons-investors-should-be-cautious-about-xrp-i/)

[5] CoinDesk (https://www.coindesk.com/markets/2025/08/11/xrp-rallies-above-usd3-25-after-ripple-sec-settlement-as-institutional-interest-surges)

[6] Binance (https://www.binance.com/en/square/post/28178****71578)

[7] Binance (https://www.binance.com/en/square/post/28159****62265)

[8] Mitrade (https://www.mitrade.com/insights/news/live-news/article-8-1026781-20250810)

[9] Times (https://timestabloid.com/expert-says-xrp-will-teleport-to-10-once-this-happens/)