XRP News Today: XRP Gains 6.45% on Key Support Rebound Amid Bitcoin Market Uncertainty

XRP is under close scrutiny as Bitcoin nears a pivotal moment in its price trajectory. With the XRP/USDT pair currently hovering near the 20-day simple moving average (SMA) at $3.19, the token faces mounting pressure from bearish forces if it fails to break higher [1]. Technical indicators suggest that XRP remains in a downtrend, and without a significant push upward, the price could dip further before buyers step in again [2]. That said, recent price action has shown resilience, with XRP maintaining support above $2.72 and recovering 6.45% following a bounce from this key level [3].

Bitcoin, trading near $114,500, has found support around its 50-day EMA, with the RSI on the daily chart trending upward toward the neutral level of 50. This suggests that bullish momentum is easing, but not yet depleted [3]. Should BTC/USDT hold its current level, a potential rebound toward $116,000 could follow. However, a breakdown below the $112,975 level could trigger a deeper correction. A BTC pullback might shift capital into altcoins like XRP, especially if a broader market correction occurs [3].

Analysts have highlighted that a dip in Bitcoin could present a favorable environment for XRP. The token is currently testing key resistance levels, and a close above $2.99 could open the door for a move toward $3.40 [3]. Short-term forecasts suggest XRP could trade around $3.06 in the first week of August [4]. Some models even project a 9% increase to $3.30 by mid-August [5]. Additionally, speculative demand has increased, with technical patterns such as a falling wedge above the 50-day EMA pointing to potential upside beyond $3.80, with some models estimating a 27% rally [3].

Despite these signals, XRP’s performance remains speculative, driven by technical indicators rather than fundamental improvements in the market. The token has outperformed Bitcoin and Ethereum in recent sessions, even as broader crypto-related equities have seen declines in late July [6]. However, this trend may not hold if macroeconomic pressures or market sentiment shift.

The cryptocurrency market remains in a state of uncertainty, with trading volumes and investor sentiment fluctuating in response to institutional activity and macroeconomic factors. As Bitcoin consolidates near key support and resistance levels, the broader altcoin market, including XRP, is watching closely for signs of a sustained recovery [3].

[1] Cointelegraph. https://cointelegraph.com/news/price-predictions-8-4-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-xlm

[2] CoinCentral. https://coincentral.com/xrp-xrp-price-prediction-bulls-battle-hard-to-reclaim-the-3-psychological-level-whats-next/

[3] FXStreet. https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eth-xrp-stage-recovery-after-recent-declines-202508040409

[4] Bitget. https://www.bitget.com/price/ripple/price-prediction

[5] Mitrade. https://www.mitrade.com/au/insights/news/live-news/article-3-1009978-20250804

[6] Saxo Bank. https://www.home.saxo/content/articles/macro/market-quick-take---4-august-2025-04082025