XRP News Today: XRP Investors Watch for Recovery as Price Holds Above $3.10 Support Level

XRP investors are cautiously optimistic about a potential rebound after the asset fell roughly 6% in value over the past week, lagging behind Bitcoin and Ethereum [2]. Despite the decline, which brought the total market capitalization to $185.3 billion and a weekly price drop of 6.1%, traders are watching for signs of a recovery [1]. Recent movements suggest that XRP has stabilized above the $3.10 support level, a key threshold that could indicate a bottoming process [3].

Technical indicators such as the Bollinger Bands show the upper band at $3.37, the middle at $3.10, and the lower at $2.84 [3]. While the price has not yet reached the lower band, it has failed to move toward the upper one, suggesting that any rebound is still fragile. On-chain activity has also drawn attention, with a large holder acquiring 120 million XRP, seen as a bullish signal [3]. However, trading volume has dropped by 31.97%, which could signal a temporary pause in momentum [3].

Analysts are watching for signs of a breakout, with some targeting a surge to $3.50 or even $4 if market conditions align [3]. The EMA-20 indicator has been holding around $3.14 since August 8 [4], and continued consolidation above this level could be a sign of a more sustained recovery. A Mitrade analyst noted that XRP often experiences a “pump” after periods of consolidation and investor exhaustion, indicating that the current phase may set the stage for a stronger move [1].

Not all forecasts, however, are optimistic. Some experts have dismissed overly bullish price targets, such as a $1,000 XRP price, calling it “fantasy pricing” and unlikely to materialize even by 2030 [5]. This reflects the asset’s inherent volatility and the need to differentiate between market behavior and analyst projections.

Broader crypto market movements are also influencing sentiment. Ethereum’s recent spot ETF inflows have boosted market confidence, indirectly supporting XRP [6]. While XRP is not experiencing the same level of inflows, the overall environment remains favorable for risk-on crypto trades. Investors are now focusing on whether XRP can sustain a bullish breakout against its key resistance levels.

[1] Source: [1] Mitrade, "Analyst Says XRP Pump Always Comes After This Happens", (https://www.mitrade.com/insights/news/live-news/article-3-1042564-20250815)

[2] Source: [2] Stocktwits, "XRP Investors Hope for Rebound After Recent Decline", (https://stocktwits.com/symbol/XRP.X)

[3] Source: [3] U.Today, "Buy XRP? Bollinger Bands Signal Unexpected Price Shift...", (https://u.today/buy-xrp-bollinger-bands-signal-unexpected-price-shift-ahead)

[4] Source: [4] MSN, "XRP on the rise — technical prediction signals bullish breakout imminent as analysts target $3.80 surge", (https://www.msn.com/en-in/money/markets/xrp-on-the-rise-technical-prediction-signals-bullish-breakout-imminent-as-analysts-target-3-80-surge/ar-AA1KAdUe)

[5] Source: [5] Mitrade, "Market Expert Reveals Why XRP Price At $1000 Is Not A...", (https://www.mitrade.com/insights/news/live-news/article-3-1044778-20250816)

[6] Source: [6] AInvest, "Spark Crypto Price Rebounds Amid Whale Buying and...", (https://www.ainvest.com/news/spark-crypto-price-rebounds-whale-buying-staking-inflows-2508/)