XRP News Today: XRP Price Rises 6.67% as Bulls Target $3.10 Resistance Breakout

The XRP price has shown renewed bullish momentum at the start of the week, with CoinStats reporting a 6.67% surge in the past 24 hours. As of press time, the token is trading at $3.0670. Technical analysis indicates that XRP has broken through a key resistance level at $3.0312, increasing the likelihood of a continuation in the upward trend, particularly if the candle closes without a long wick, potentially pushing the price toward $3.10. However, analysts caution that the current move could consolidate into a sideways pattern between $3 and $3.15 if bulls fail to gather enough momentum for a sustained rally [2].

From a longer-term perspective, the XRP price remains distant from major support and resistance levels, making its trajectory difficult to predict. Traders are advised to monitor the $3 level closely, as a weekly close above this threshold could signal a move toward $3.20. Conversely, if the price struggles to maintain its current level, a return to consolidation within a defined range could become the most probable outcome [2].

Analysts have provided a range of price targets based on different timeframes and market conditions. On a non-logarithmic scale, one analyst sets a target of $4.89, indicating strong upward potential if the current bullish momentum persists. Meanwhile, ChatGPT predicts a more aggressive short-term target of $5.50, contingent upon favorable regulatory developments and confirmation of an ETF [1][6]. Another forecast suggests a $5 target, reflecting a broadly optimistic view of XRP’s near-term performance [3].

Looking further ahead, some analysts project even higher gains. A report from Coinpedia notes that the XRP price could reach $7 before the next Federal Reserve rate cut, assuming favorable macroeconomic conditions and increased institutional interest [8]. However, such projections remain speculative and are based on assumptions that have not yet materialized. For context, XRP would need to rise to $38.44 to surpass the market capitalization of Amazon—a target representing a 1,240% increase from its current price [7].

Despite the optimistic forecasts, traders are encouraged to remain cautious. The risk-reward profile remains favorable for those entering at current levels, especially given the low entry cost relative to projected returns. One source highlights an upcoming presale opportunity offering a potential return of nearly 8x the current XRP price, adding another layer of interest for investors [4].

The XRP price is currently consolidating within a key trading range, with traders and analysts closely monitoring both technical and fundamental indicators. While the short-term outlook appears positive, the medium- to long-term trajectory remains subject to external factors, including regulatory developments and broader market sentiment. As such, investors are advised to remain informed and to closely track key price levels and market-moving events.

Sources:

[1] The – [https://thecryptobasic.com/2025/08/04/analyst-predicts-how-high-xrp-could-go-as-its-epic-final-leg-approaches/](https://thecryptobasic.com/2025/08/04/analyst-predicts-how-high-xrp-could-go-as-its-epic-final-leg-approaches/)

[2] U.Today – [https://u.today/xrp-price-prediction-for-august-4](https://u.today/xrp-price-prediction-for-august-4)

[3] AInvest – [https://www.ainvest.com/news/xrp-news-today-xrp-surpasses-3-analysts-eye-5-target-5-month-outlook-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-surpasses-3-analysts-eye-5-target-5-month-outlook-2508/)

[4] CoinCentral – [https://coincentral.com/xrp-investors-buy-best-crypto-presale-as-xrp-smart-money-begins-to-exit-heres-a-pepe-dollar-and-xrp-price-prediction/](https://coincentral.com/xrp-investors-buy-best-crypto-presale-as-xrp-smart-money-begins-to-exit-heres-a-pepe-dollar-and-xrp-price-prediction/)

[6] CryptoDnes.bg – [https://cryptodnes.bg/en/xrp-vs-solana-chatgpt-reveals-the-best-altcoin-to-buy-this-august/](https://cryptodnes.bg/en/xrp-vs-solana-chatgpt-reveals-the-best-altcoin-to-buy-this-august/)

[7] The – [https://thecryptobasic.com/2025/08/04/here-is-how-much-xrp-must-rise-to-overtake-the-top-10-assets-in-the-world/](https://thecryptobasic.com/2025/08/04/here-is-how-much-xrp-must-rise-to-overtake-the-top-10-assets-in-the-world/)

[8] Coinpedia – [https://coinpedia.org/news/will-xrp-price-hit-a-new-all-time-high-before-the-next-fed-rate-cut/](https://coinpedia.org/news/will-xrp-price-hit-a-new-all-time-high-before-the-next-fed-rate-cut/)