XRP News Today: XRP Holds $3.09 Amid Consolidation Between $3.00 and $3.30

XRP’s price on August 17 has remained relatively stable as the token continues to trade near key support and resistance levels. As of the current session, XRP is hovering around $3.09, with a 24-hour decline of -0.25% and a trading volume of approximately 22.5M, below the projected 44M for the day [1]. The 4-hour RSI stands at 46, indicating a neutral bias with slight bearish tendencies. The price remains within a consolidation pattern between $3.00 and $3.30, with the crucial $3.00 support level showing consistent resilience despite multiple tests [1].

On the 4-hour chart, XRP has formed a lower high structure, suggesting waning momentum following last week’s rally to $3.65. A key swing low recorded at $2.72 on August 1 has since served as a reference point for bullish rebounds, though no strong follow-through above $3.30 has materialized so far [1]. Analysts noted in their previous outlook that the $3.00–$3.30 range would serve as a critical battleground, and indeed, the price has spent the majority of the day consolidating within this zone [1].

Market sentiment remains balanced, with both bulls and bears exercising caution. Open Interest (OI) is currently at ~327M, showing little change from the previous day and suggesting that traders are in a “wait and see” mode [1]. Net long positions have slightly declined to -919M, indicating that buyers are not aggressively pushing higher, despite the stable support at $3.00. On the bearish side, net short positions remain steady at 856M, suggesting that sellers are also refraining from aggressive action [1].

Looking ahead, analysts have outlined three potential price scenarios for XRP on August 17. A bullish scenario would require a reclamation of the $3.30 level, which could trigger a move toward $3.50 and potentially $3.66 [1]. A neutral scenario involves continued consolidation between $3.00 and $3.30 until a clear breakout trigger—such as a volume spike or external market news—emerges. A bearish outcome, on the other hand, would see a breakdown below $3.00 leading to a potential slide toward $2.85–$2.80, with $2.50 as the next major support [1].

One analyst cited in the report suggests a potential drop to $3.06 by August 17, 2025, with a projected -1.67% decline [7]. Another analysis predicts a daily trading range of $2.8629 to $3.2939, with a closing target of $3.0784 [9]. These varied forecasts highlight the uncertainty that continues to surround XRP’s short-term direction, despite the asset’s relative stability near key price levels.

The broader regulatory environment has also influenced market sentiment. The U.S. Securities and Exchange Commission officially closed its case against Ripple on August 11, 2024, ending a years-long legal battle that had previously cast a cloud over XRP’s market performance. Analysts have cited this regulatory clarity as a potential catalyst for a rise to $12.6, particularly if U.S. spot XRP ETFs gain approval [7]. However, these projections remain speculative and are not based on confirmed market movement.

Whale activity has also drawn attention, with large holders accumulating XRP at current levels. This behavior suggests confidence in the token’s medium-term potential, and some analysts have linked it to a potential breakout toward $5 [3]. However, such a move would require significant follow-through buying and a shift in broader market sentiment.

In summary, XRP’s price action on August 17 continues to reflect a tug-of-war between bulls and bears. While the $3.00 support remains intact, the absence of a decisive breakout above $3.30 has kept the market in a state of consolidation. Traders are closely monitoring volume patterns and potential catalysts that could tip the balance in either direction. Until one side gains the upper hand, XRP is expected to remain in a narrow trading range, with each movement offering insight into the evolving dynamics of the market.

Source:

[1] title: XRP Price Prediction for Today, August 17

url: https://coinmarketcap.com/community/articles/68a11c9768c9d7798de74759/

[2] title: XRP Price Prediction: Whale Movements Suggest Capital ...

url: https://www.mitrade.com/insights/news/live-news/article-3-1045658-20250817

[3] title: XRP Holds $3.10 Amid Liquidations—Analyst Maps Road ...

url: https://bravenewcoin.com/insights/xrp-price-prediction-xrp-holds-3-10-amid-liquidations-analyst-maps-road-to-5

[4] title: XRP Price Prediction for August 17, 2025

url: https://coinedition.com/xrp-price-prediction-for-august-17/

[5] title: XRP Price Today: XRP Correction Sparks Whale Activity ...

url: https://bravenewcoin.com/insights/xrp-price-today-xrp-correction-sparks-whale-activity-and-trading-opportunities

[7] title: XRP $12.6 Setup, SHIB 300% Jump, Cold Wallet's ...

url: https://crypto-economy.com/xrps-12-6-setup-shibs-300-goal-are-impressive-but-cold-wallets-0-00998-presale-could-outperform-them-both/

[9] title: XRP Price Prediction, Latest Pi Coin News and $0.09 ...

url: https://coinpedia.org/press-release/latest-pi-coin-news-and-0-09-altcoin-causing-major-fomo-as-key-catalysts-near/