XRP News Today: XRP Nears $3.02 After 770-Day Consolidation Amid Bullish Technical Signals

XRP has entered a consolidation phase, with technical indicators and price action suggesting the potential for a breakout to key resistance levels. The cryptocurrency is currently trading near $3.02, with support identified at $3.00 and resistance at $3.61. This consolidation appears to be a buildup period, as the RSI remains in neutral territory, signaling neither overbought nor oversold conditions. The extended consolidation has lasted approximately 770 days, during which the asset has remained range-bound before showing signs of renewed strength [5].

On the XRP/BTC pair, the price has shown signs of recovery, trading around 0.00002668 BTC as of August 2025. A base formed near 0.00001200 BTC is now driving renewed strength. Momentum indicators, including MACD and RSI, support a bullish outlook. The MACD crossover has been confirmed, and histogram bars remain positive, suggesting further relative growth. RSI readings near 60 indicate healthy momentum, with conditions still below overbought territory, signaling continued room for upward progress. A decisive close above 0.00003000 BTC may confirm a reversal, targeting the 0.00004000 BTC zone [2].

Analysts have pointed to a rare bullish Ichimoku Cloud signal on XRP’s chart, which reinforces the potential for an upward move [2]. This is seen as a positive sign for traders and investors who are monitoring the asset for a breakout. The broader crypto market has also seen improved sentiment, with Bitcoin and Ethereum returning to greed levels in the Fear and Greed Index. This has led to a rotation of capital from Bitcoin into altcoins, with XRP emerging as a favored option due to its strong technical setup and recent legal developments [3].

The resolution of Ripple’s long-standing legal case with the U.S. Securities and Exchange Commission has helped restore confidence in XRP as a viable asset class. Market observers have noted that this, combined with growing institutional interest, could drive a 75% surge in the cryptocurrency [1]. On-chain activity also suggests the market is preparing for a breakout, with the formation of a potential blow-off top on the price chart, a pattern historically associated with strong upward momentum [4]. If confirmed, this could signal a shift in market conditions and position XRP for a significant price extension.

The short-term target for XRP is between $3.60 and $4.00, depending on the behavior of the broader cryptocurrency market. This area represents historical resistance that previously rejected price action. A successful breakout could open the door to long-term bullish momentum [2]. Traders are advised to take profits in short-term swings within this range, while long-term investors are encouraged to hold spot positions, anticipating further growth.

In summary, XRP is in a critical phase, with consolidation signaling the potential for a breakout toward key resistance levels. The XRP/BTC pair has shown early signs of recovery, with technical indicators supporting a bullish outlook. The broader market’s improved sentiment and XRP’s favorable technical setup make it an attractive asset for both short-term traders and long-term investors [6].

Sources:

[1] XRP's Strategic Rebound: A 75% Surge Looming as ... (https://www.ainvest.com/news/xrp-strategic-rebound-75-surge-looming-institutional-inflows-regulatory-clarity-align-2508/)

[2] More XRP Gains Are Coming Based On This Blow-Off Top ... (https://timestabloid.com/analyst-more-xrp-gains-are-coming-based-on-this-blow-off-top-signal/)

[3] Crypto sentiment returns to Greed as Bitcoin and Ether ... (https://www.fastbull.com/news-detail/crypto-sentiment-returns-to-greed-as-bitcoin-and-news_6300_0_2025_3_8321_3)

[4] AInvest

[5] Times Tabloid

[6] FXStreet