XRP News Today: XRP Faces $3.10 Resistance Amid Whale Accumulation and Fed Dovish Shift

XRP, the native token of the Ripple (XRP) blockchain, is currently trading at $2.95, down 1.98% in the past 24 hours, with a trading volume of $12.35 billion and a market capitalization of $176.03 billion. The broader cryptocurrency market has seen a sell-off, with the total market cap falling by 4.5% over the same period, and Bitcoin losing 3.5% to fall below $110,000. XRP has also experienced downward pressure, dipping below $3 earlier in the day before recovering to $2.95 [1].

Despite the recent decline, technical analysts remain cautiously optimistic. The $3.10 resistance level is now a focal point for market participants, with several analysts suggesting that a successful breakout could trigger a rally toward $3.40 and beyond. According to Man of Bitcoin, the current diagonal pattern suggests that support levels between $2.97 and $2.84 will be crucial in determining whether the bearish trend continues or reverses [2].

Whale activity has also drawn attention, with addresses holding between 1 million and 10 million XRP increasing their share of the total supply to 10.6%, up from 9.8% in early July. This accumulation by large investors is viewed as a sign of growing confidence in XRP’s long-term prospects [3]. Additionally, derivatives market data shows increased trading volume of 119.74% to $12.58 billion, though open interest has declined slightly by 0.90% to $8.27 billion, indicating some position closures amid rising activity [4].

Gemini’s recent launch of the “Gemini Credit Card – XRP Edition” has further boosted interest in the asset. The limited-edition card offers 4% cashback in XRP for purchases in categories such as fuel and rideshares, providing an accessible way for everyday users to accumulate the token. Ripple CEO Brad Garlinghouse emphasized the importance of such initiatives in expanding crypto adoption, noting the growing number of Americans who now own digital assets [5].

Analysts are closely watching the $3.10 level as a potential turning point. A successful breakout is expected to validate a bullish continuation pattern, such as a cup-and-handle or bullish flag formation, which could set the stage for a move toward $3.40, $4.05, or even $8.00 in the longer term [6]. However, if the level fails to hold, XRP may retest key support at $2.97–$2.84 and potentially fall as low as $2.72.

Market observers also highlight the importance of macroeconomic conditions, particularly the Federal Reserve’s recent dovish stance, which has contributed to improved sentiment across the crypto space. However, analysts caution that any move above $3.10 will depend on sustained buying pressure and favorable conditions [7].

In conclusion, XRP is at a critical juncture with the $3.10 resistance level under close scrutiny. While bullish forecasts abound, actual price action will determine whether the token can break through this key threshold and initiate a new upward trend. Investors remain advised to monitor both technical and macroeconomic signals as the market evolves.

Source: [1] XRP (XRP) Price: Analysts Point to $3.10 Resistance Level as Next Target (https://blockonomi.com/xrp-xrp-price-analysts-point-to-3-10-resistance-level-as-next-target/)

[2] XRP Price Prediction: $3 Outbreak Could See Exponential Growth for This Viral Altcoin in 2025 (https://coincentral.com/xrp-price-prediction-3-outbreak-could-see-exponential-growth-for-this-viral-altcoin-in-2025/)

[3] XRP Price Prediction: Whales Buy $758M in 8 Days (https://cryptonews.com/news/xrp-price-prediction-whales-buy-758m-in-8-days-10-xrp-run-now-officially-underway-1/)

[4] XRP Price Prediction: Whales Accumulate as Gemini Launches 4% Cashback Credit Card (https://coincentral.com/xrp-xrp-price-whales-accumulate-as-gemini-launches-4-cashback-credit-card/)

[5] Fed Dovish Turn Lifts XRP Toward $3.10, Analysts Eye $5–$8 Targets (https://www.coindesk.com/markets/2025/08/25/fed-dovish-turn-lifts-xrp-toward-usd3-10-analysts-eye-usd5-usd8-targets)

[6] XRP Targets $4.05, $4.69 and $5.39 After Holding Above Key Level (https://www.bitget.com/news/detail/12560604930199)

[7] XRP Crypto News: $3.10 Resistance Showdown (https://thetradable.com/crypto/xrp-crypto-news-310-resistance-showdown-is-a-major-breakout-imminent-cm--v)