XRP News Today: XRP Nears End of Pullback as $2.80 Support Holds, Analysts Eye $3.00 Rebound Catalyst

Cryptocurrency analyst Dr. Cat has predicted that the ongoing XRP price pullback is nearing its conclusion, likely ending between August 2 and August 4, 2025. This forecast, shared on X, highlights $2.78 as a critical support level on the 3-day chart. According to the analysis, XRP is entering the final phase of its short-term downtrend, with key confluences in the Ichimoku Cloud suggesting a potential reversal and resumption of the upward trend [1].

As of the latest report, XRP was trading at $2.89, having rebounded slightly after reaching an intraday low of $2.80. This low closely aligns with Dr. Cat's projected support zone, reinforcing the timing and validity of his analysis. XRP's price remains above the Ichimoku Cloud on higher timeframes, indicating that the broader bullish trend is still intact [1].

Dr. Cat’s analysis also incorporates Ichimoku time cycles, which are used to forecast potential trend reversals. His chart shows a 42-bar and 33-bar cycle converging between August 2 and 4. This convergence, combined with the $2.78 support level, suggests a high-probability bounce zone. On the daily timeframe, XRP is currently testing the upper edge of the Kumo cloud, which typically acts as dynamic support in an uptrend [1].

If XRP manages to hold the $2.78–$2.80 support region, the next targets would be a reclaim of the $3.10 level and a potential retest of the cycle high at $3.82. A failure to maintain this support could lead to a deeper correction, potentially dropping to the next key support at $2.55. The decline in selling volume on the downward move is seen as a sign of exhaustion, suggesting that a reversal is becoming more likely [1].

Analysts are also watching for a daily close above $3.00, which could act as a catalyst for further bullish momentum. Targets at $3.33 and $3.43 are historically significant resistance levels, and a successful breakout could validate a broader bullish cycle. Some projections suggest that a retest of $3.00 could confirm the completion of the fourth sub-wave in the current bullish structure, potentially paving the way for a rally toward $4.64 [3].

The ongoing legal proceedings between Ripple and the SEC remain a key factor influencing market sentiment. A recent court ruling indicated that XRP sold to retail buyers does not constitute a securities offering, marking a partial legal victory for Ripple. A favorable outcome in the lawsuit could lead to increased institutional adoption and broader integration of the XRP Ledger [3].

In the short term, XRP faces a critical test near $3.12, which analysts suggest could serve as a signal for a market bottom entry. A failure to close above this level may prolong the pullback and trigger a retest of $2.60. If the price dips below $2.65, it could signal a deeper correction toward $2.20 [4].

Despite mixed signals, the overall technical structure for XRP remains bullish, provided the price holds above $2.80 and shows conviction on the $3.00 retest. The next few days will be crucial in determining whether this pullback marks a temporary setback or the start of a more significant correction [7].

Source:

[1]title1 (https://timestabloid.com/analyst-predicts-when-current-xrp-price-pullback-will-end/)

[2]title2 (https://www.ainvest.com/news/xrp-news-today-xrp-breaks-symmetrical-triangle-eyes-3-50-resistance-2508/)

[3]title3 (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-holds-2-80-support-what-would-a-3-breakout-signal-now)

[4]title4 (https://cryptorank.io/news/feed/3785a-xrp-must-hold-2-65-support-or-risk-major-breakdown-analyst)

[5]title5 (https://captainaltcoin.com/crypto-veteran-warns-ripple-community-xrp-price-drop-is-not-over-yet/)

[6]title6 (https://crypto.news/xrp-price-enters-bear-market-ripple-rebound-horizon/)

[7]title7 (https://www.binance.com/en/square/post/27825607088009)

[8]title8 (https://www.ainvest.com/news/xrp-news-today-xrp-trapped-key-2-80-2-90-resistance-rising-bearish-pressure-2508/)