XRP News Today: XRP Nears Critical 2.90–3.00 Support Amid 11% Weekly Drop, 3.24 Target in August 2025

As August 2025 approaches, XRP faces critical support levels that could determine its short-term trajectory amid heightened market volatility. The token currently trades around $3.02, having dropped 11% in the past week, and is nearing a key $2.90–$3.00 support range. Analysts note that holding this level could trigger a rebound toward $3.40, while a break below $2.90 may push prices to $2.70. With a 24-hour trading volume of $9.46 billion, XRP’s elevated volatility underscores the importance of monitoring intraday price action and technical indicators such as the Relative Strength Index (RSI), which is approaching oversold territory—a potential signal for a short-term bounce [1].

Market dynamics remain influenced by broader macroeconomic uncertainties and liquidity concerns. Traders are advised to watch for daily candle closes near the $2.90 support level, as these will provide clearer signals on the token’s direction. Recent dips, including a 5% decline on July 19 triggered by Bitcoin’s pullback, highlight the interconnectivity of crypto markets [4]. Despite these challenges, XRP has shown resilience near its $3.00 support, buoyed by optimism surrounding Ripple’s legal battles with the SEC and incremental whale activity [6].

Price forecasts diverge based on institutional adoption and regulatory developments. Bitget projects a cautious baseline, estimating XRP at $3.23 in July 2025 and $3.24 in August, with a gradual rise to $3.29 by December 2025 [1]. In contrast, speculative forecasts like ChatGPT’s suggest a broader range of $5–$7 by year-end under favorable conditions, contingent on RippleNet’s expansion and regulatory clarity [2]. These projections reflect XRP’s vulnerability to both bullish catalysts—such as ETF approvals—and bearish risks, including delayed legal resolutions or waning institutional interest.

The token’s recent performance has also been shaped by external factors. On July 19, XRP fell to $2.95 as Bitcoin’s decline triggered a risk-off sentiment across crypto markets [4]. Futures open interest dipped below $10 billion earlier in July, a metric analysts associate with reduced speculative fervor [5]. However, a July 4 report noted renewed confidence in Ripple’s strategic partnerships, attributing a bounce from pivotal support levels to this optimism [6].

Looking ahead, August 2025 will be pivotal for XRP. A sustained move above $3.00 could catalyze a rally toward $3.40, while failure to reclaim this level may test the $2.70 threshold. The Economic Times’ July 21 analysis highlighted a $4–$5 target for late 2025 but emphasized that adoption and macroeconomic trends will dictate outcomes [3]. These predictions align with Bitget’s conservative projection of a steady rise compared to ChatGPT’s more optimistic $10 scenario under aggressive adoption [1]. Analysts caution that external shocks—such as regulatory headwinds or macroeconomic downturns—could push XRP back into the $2–$3 range, mirroring historical correction patterns.

The coming months will hinge on Ripple’s ability to solidify its role in global payments and navigate regulatory uncertainty. A projected $3.24 level in August 2025 could signal stabilization or further decline, depending on institutional buy-ins and legal progress. Long-term forecasts remain cautiously bullish, with ChatGPT anticipating a potential $6–$7 range by 2025 if momentum holds [2]. However, these outcomes depend on Ripple’s capacity to address unresolved challenges and capitalize on strategic partnerships.

Source: [1] Bitget. (2025, July 23). XRP Price Prediction & Forecast 2025-2050. https://www.bitget.com/price/ripple/price-prediction [2] Coindoo. (2025, July 15). ChatGPT Predicts XRP Price for the Next 5 Years. https://coindoo.com/chatgpt-predicts-xrp-price-for-the-next-5-years/ [3] The Economic Times. (2025, July 21). XRP Price Prediction. https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-is-rising-today-but-can-it-stay-above-3-66-as-ai-cloud-mining-booms-and-why-is-ripples-co-founder-under-fire-over-a-175m-token-dump/amp_articleshow/122905639.cms [4] The Economic Times. (2025, July 19). Solana, XRP fall up to 5%. https://m.economictimes.com/markets/cryptocurrency/crypto-news/crypto-price-today-bitcoin-slips-below-116000-amid-liquidations-solana-xrp-fall-up-to-5/amp_articleshow/122902943.cms [5] Mitrade. (2025, July 24). Ripple Price Forecast. https://www.mitrade.com/au/insights/news/live-news/article-3-984896-20250724 [6] CoinCentral. (2025, July 4). Best Crypto to Buy Now: ETH, XRP, DOGE. https://coincentral.com/best-crypto-to-buy-now-eth-xrp-doge-tld-2/