XRP News Today: XRP's Rally Hinges on $3.00 Support Amid Regulatory Clarity and Institutional Bet

XRP's recent price action has drawn attention from market analysts following a surge fueled by increased institutional trading volumes and a shift in Federal Reserve policy signals. On August 22–23, the cryptocurrency experienced a 8.56% gain, reaching a peak of $3.10 before consolidating near $3.02. This rally coincided with Federal Reserve Chair Jerome Powell's dovish remarks at the Jackson Hole symposium, which reinforced expectations of a rate cut in September and contributed to broader risk-on sentiment across asset classes [2].

Key technical indicators suggest that the $3.00 level has become a critical support area for XRP, with multiple bounces occurring on above-average volume. The price has remained in a relatively tight $0.09 range, peaking at $3.09 with a notable 58.8 million trading volume—well above the 24-hour average [1]. Analysts view this consolidation as a potential precursor to a larger move, provided the token breaks through the $3.30 resistance level. If successful, some anticipate price targets between $5 and $8 [1].

Institutional activity has further supported XRP’s recent momentum. On-chain settlement volumes on the XRP Ledger increased by 500% in the preceding week, signaling growing enterprise adoption despite ongoing whale distribution activity [2]. Additionally, large holders accumulated 250 million XRP over eight days, amounting to approximately $758 million at current prices, which may indicate long-term bullish sentiment [3].

Regulatory developments have also played a crucial role in shaping market sentiment. The resolution of Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has removed a major overhang, boosting confidence in the token’s future. This clarity has spurred renewed interest from asset managers, with several filing amended applications for spot XRP ETFs [3]. According to Polymarket, the probability of ETF approval stands at 98%, and JPMorgan estimates that inflows could exceed $8 billion in the first 12 months of trading [3].

Looking ahead, traders are monitoring several key factors. The ability of XRP to maintain support near $3.00 during profit-taking phases is crucial, as is a decisive breakout above $3.10 resistance. A sustained move beyond this level could trigger further gains toward $3.25, with analysts suggesting that a successful breach of $3.30 would open the door to more ambitious price targets [2]. Broader macroeconomic conditions, particularly the Fed’s policy trajectory, will remain a key determinant of risk asset flows into the crypto market [1].

The interplay of technical, institutional, and regulatory factors suggests that XRP remains well-positioned for potential upside, provided it can overcome immediate resistance levels. With growing adoption, favorable market conditions, and a shifting regulatory landscape, the token appears to be gaining traction among both retail and institutional participants [3].

Source:

[1] XRP Price Prediction: Analysts Eye $5–$8 Targets as Fed ... (https://www.coindesk.com/markets/2025/08/25/fed-dovish-turn-lifts-xrp-toward-usd3-10-analysts-eye-usd5-usd8-targets)

[2] XRP Surges 9% Before Pullback Caps Rally Near $3 (https://www.coindesk.com/markets/2025/08/23/xrp-surges-9-before-pullback-caps-rally-near-usd3)

[3] XRP Holds Strong at $3 With Analysts Predicting $6 ... (https://bravenewcoin.com/insights/xrp-price-today-xrp-holds-strong-at-3-with-analysts-predicting-6-breakout-ahead)