XRP News Today: XRP falls below $3.00 amid growing bearish pressure and key support concerns

XRP has fallen below the $3.00 level, signaling heightened bearish pressure amid concerns from analysts about critical support thresholds. The cryptocurrency, which previously acted as a strong demand zone at $3.05–$3.10, is now trading at $2.98, down 4.5% in the last 24 hours, according to CoinMarketCap. Technical indicators show that XRP is currently below both its 20-day and 50-day moving averages, which stand at $3.06 and $3.09, respectively [1][2][3][5].

Analysts are closely watching whether XRP can maintain support above $3, as a breakdown could push the price toward $2.60 or even $2. A key support level identified by Bitrue is $3.05, and a failure to hold above this could send XRP toward $2.39 [4]. Similarly, FXLeaders notes that if XRP fails to maintain support above $3, it could test lower levels around $2.7254 [3]. Analyst Ali Martinez has highlighted that a sustained close below $2.60 could pave the way for a sharper correction [5].

Market conditions are being compounded by increased trading activity. The 24-hour trading volume for XRP has surged by 37.21%, indicating active participation from traders capitalizing on volatility. However, this also increases the risk of leveraged liquidations, with approximately $30 million in open positions at risk from a sharp decline below $3 [7]. Analysts warn that a loss of control near these levels could lead to further downward momentum.

While bearish sentiment dominates, there are still optimistic forecasts for XRP. AInvest suggests that if the bullish trend resumes, XRP could see new highs in 2025 [1]. Bitget analysts have described the current rally as a "generational last-chance" event, emphasizing that once XRP convincingly clears $3.27, the window for low-entry accumulation may close quickly [9]. Meanwhile, Mitrade reports that XRP is moving in tandem with the broader crypto market and has managed to hold above the $3 price level [6].

On the technical front, The highlights that analysts caution XRP must hold the $3.27 support zone to preserve momentum and avoid sharp pullbacks [5]. The CTO of Ripple, David Schwartz, has also been vocal about technological upgrades aimed at strengthening the XRP Ledger (XRPL). The hub server project, nearly ready for production, is expected to enhance network resilience by improving connectivity between critical nodes [5]. Although a minor monitoring glitch was reported, Schwartz clarified it was unrelated to the hub server and assured the community that improvements are underway to prevent future incidents.

As XRP faces market and technical pressures, the coming days will be crucial in determining its next trajectory. A successful defense of key support levels could provide a foundation for a potential rebound, while a continued slide could trigger further losses. The market remains on high alert, with analysts and traders closely monitoring the unfolding price action and broader market dynamics.

Sources:

[1] title: XRP News Today: XRP drops below $3.00 as bearish pressure intensifies ... (https://www.ainvest.com/news/xrp-news-today-xrp-drops-3-00-bearish-pressure-intensifies-key-support-levels-2508/)

[2] title: XRP Bears Push Lower, Can Bulls Maintain Control Near ... (https://www.mitrade.com/insights/news/live-news/article-3-1046890-20250818)

[3] title: 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] title: XRP Price Analysis: USD Trends & Insights (https://www.bitrue.com/blog/xrp-price-analysis-usd-trends-and-insights)

[5] title: Bitcoin, XRP price target, forecast: What could ... (https://m.economictimes.com/news/international/us/bitcoin-xrp-price-target-forecast-what-could-cryptocurrency-investors-expect-on-monday-august-18/articleshow/123346752.cms)

[6] title: XRP Monthly RSI Points To Cycle 3 Blow-Off Top, Analyst ... (https://www.mitrade.com/insights/news/live-news/article-3-1046668-20250818)

[7] title: XRP News Today: XRP consolidation strengthens as ... (https://www.ainvest.com/news/xrp-news-today-xrp-consolidation-strengthens-investors-transfer-billions-private-wallets-2508/)

[9] title: Analysts Call It a Generational Last Chance Crypto Rally (https://www.bitget.com/news/detail/12560604916573)