XRP News Today: XRP Retests Key $3.13 Trendline Amid Volatile Market Conditions

XRP is currently retesting a critical trendline near $3.13 following a recent drop below $3.00. This level has historically served as a key support, and its current behavior is expected to influence the next phase of XRP’s price action. A close above $3.15 on the 4-hour chart could indicate a potential bullish reversal, while a failure to maintain above this level might signal further downward pressure [1].

The retest occurs after XRP broke below the ascending trendline that had been in place since mid-July. According to analysis from cryptoesta, the asset dropped to around $2.95 before rebounding toward the $3.13 level, now trading just above the former support [2]. This forms a classic breakdown-retest pattern, where a previously supportive level often turns into resistance upon retesting. The trendline had earlier helped push XRP from $2.60 to $3.60 through multiple bounces, reinforcing its significance [3].

Long wicks around key price levels highlight the intense tug-of-war between buyers and sellers, pointing to high volatility and uncertainty in the market. Analysts are closely watching whether XRP can hold above $3.15, as this would shift the immediate bias back to the upside. However, if the price fails to maintain above this level, bearish momentum may intensify, leading to further declines [4].

On a broader scale, the total crypto market capitalization has swung by nearly $20 billion between August 9 and August 15, with sharp intraday moves and repeated lower highs. One of the most notable drops occurred on August 14, when the market fell from $195 billion to below $180 billion within hours. This volatility, while creating uncertainty, also offers opportunities for traders and investors who can navigate the choppy conditions [5].

The potential approval of an XRP Spot ETF by October 2025, as suggested by Ripple CEO Brad Garlinghouse, has added a bullish sentiment. If approved, the ETF could attract both institutional and retail investors, potentially triggering a more sustained price rally. Traders are now watching to see if this development aligns with current technical conditions to create a favorable environment for a breakout [6].

Historically, XRP has moved through distinct phases including accumulation, breakout, and re-accumulation. Between May and October 2024, the price remained in a consolidation range of $0.40 to $0.60 before surging past $1.70. A subsequent consolidation between $1.70 and $3.50 ended with a breakout above $3.50 in late July 2025. If the pattern continues, the next phase could see XRP entering a blow-off top range from $4.00 to $24.00. Currently trading near $3.80, XRP appears to be in the early stages of this potential phase [7].

Given the current positioning near $3.13 and the broader market dynamics, XRP’s next move will depend on both technical execution and external catalysts. Investors and traders are advised to monitor price behavior closely around the key levels and any news regarding the potential ETF approval.

Source: [1] XRP Retests Key Trendline at $3.13: Will Bulls Seize the Opportunity for a Comeback? (https://en.coinotag.com/xrp-retests-key-trendline-at-3-13-will-bulls-seize-the-opportunity-for-a-comeback/)

[2] Same as [1]

[3] Same as [1]

[4] Same as [1]

[5] Same as [1]

[6] Same as [1]

[7] Same as [1]