XRP News Today: XRP Price Stabilizes Near $3.12 Amid Technical Support and EMA Cluster Resistance

XRP (XRP) price stabilized around $3.12 on August 16, 2025, after a sharp correction from a recent high of $3.32. Sellers intervened near the 0.618 Fibonacci retracement level, forcing a pullback toward key support at $3.04, which aligns with the 200 EMA on the 4-hour chart. While the price has shown signs of a short-term rebound, it remains constrained by the 20 and 50 EMA cluster between $3.17 and $3.18 [1].

Technical indicators present a mixed but cautiously optimistic picture. The RSI on the 4-hour chart stands at 52.0, having recovered from oversold territory. Meanwhile, the MACD on the 30-minute chart is attempting a bullish crossover, signaling potential upward momentum [1]. Bollinger Bands on the 4-hour timeframe are narrowing, indicating reduced volatility, with the mid-band near $3.20 acting as a short-term resistance level. On the 30-minute chart, the price is trading slightly above the session VWAP at $3.11, suggesting buyers are absorbing short-term selling pressure [1].

According to Coinglass data, spot inflows have turned positive, with a net inflow of $10.61 million recorded over the past 24 hours. This suggests renewed buying interest following the dip [1]. However, the path higher is not without challenges, as overhead supply remains concentrated between $3.47 and $3.68, a major weak-high zone on the daily liquidity map [1].

The key price levels for XRP include immediate support at $3.04 (200 EMA, 4H) and resistance at $3.20–$3.21 (mid-Bollinger and EMA confluence). A breakout above $3.18–$3.20 could target $3.26, followed by a retest of the $3.32 level, where sellers previously regained control. A sustained move above $3.47 would signal the next upside target at the 0.786 Fibonacci level [1].

On the downside, a failure to hold above $3.04 could result in a retest of $2.93, where prior liquidity and Fibonacci support converge. This makes the $3.10 level a critical short-term pivot point. If buyers cannot reclaim this level, the price could drop toward $2.93 [1].

The next 24 hours will be crucial for XRP as it tests whether it can close above the $3.18–$3.20 EMA cluster. A successful breakout would confirm a potential bullish reversal, while a breakdown would reinforce bearish pressure. Given the positive net inflow and recovering RSI, the near-term bias remains cautiously bullish, but traders must remain mindful of overhead supply and short-term volatility [1].

Sources:

[1] Coin – https://coinedition.com/xrp-price-prediction-for-august-15-2025-2/