XRP News Today: XRP Retreats to $3.40–$3.60 Range After 10.5% Drop from $3.80 High as Analysts Split on Outlooks

Ripple’s XRP has retreated from recent highs amid mixed signals in technical analysis and diverging forecasts among market participants. The token, which reached near $3.80 in July, has since consolidated within a $3.40–$3.60 range, with traders scrutinizing key resistance and support levels for clues about its next move. Analysts highlight both bullish and bearish scenarios, depending on how price action interacts with critical thresholds.

On the XRP/USDT pair, the price has pulled back to the $3.00 demand zone after failing to breach the $3.50 resistance level [1]. The Relative Strength Index (RSI) has cooled from overbought territory, settling at 59, suggesting temporary equilibrium but not eliminating the risk of further decline. A breakdown below $3.00 could trigger a retest of the $2.50 region, where the 100-day and 200-day moving averages converge [1]. Meanwhile, the XRP/BTC pair has retreated into a fair value gap near 2,680 SAT, hovering just above the 200-day moving average. A sustained drop below this level could open the door to a retest of 2,400 SAT, while a rebound might pave the way for another attempt at 3,200 SAT [1].

Bullish indicators include a "bullish flip" in the trendline at $3.40, which has held as support after three tests, signaling buyer resilience [1]. Analysts also note that the RSI remains below overbought levels on the 1-hour chart, leaving room for a push toward $3.65 [1]. Conversely, bearish risks loom, particularly after a $140 million sell-off by Ripple co-founder Chris Larsen in early July, which precipitated sharp liquidations on Binance. A breakdown below $3.40 could see XRP retrace to $3.20, aligning with Fibonacci retracement levels [1].

The debate over XRP’s trajectory extends to broader market dynamics. A cup-and-saucer pattern identified by NewsBTC suggests the rally may not be over, as XRP has reclaimed the $3.60 level twice this year [2]. However, a potential "double top" formation remains a concern for cautious observers. Speculative forecasts vary widely: some analysts project hypothetical gains of 3015% if XRP reaches $100, though these remain highly speculative [3]. Others, like Mitrade, emphasize XRP’s "quiet strength" as it accumulates before a potential breakout, contrasting with more pessimistic predictions [1].

Institutional sentiment remains a wildcard. While former Binance CEO CZ commented on a broader $976 million crypto market correction, his remarks did not specifically target XRP [4]. Traders are advised to monitor Fibonacci extensions and liquidity clusters to gauge whether the current consolidation precedes a new rally or a deeper correction. A sustained break above $3.65 could open the path to $4.65, while a breach of $3.40 support might trigger a deeper pullback [1].

The market’s next moves will depend on how XRP navigates these pivotal levels. Analysts remain divided, with bullish technical setups coexisting alongside cautionary signals. For now, the asset appears in a transitional phase, with traders balancing optimism about its structural strength against concerns over volatility and liquidity risks.

Source: [1] [CasiTrades on X] https://www.newsbtc.com/analysis/xrp/xrp-showing-quiet-strength/ [2] [U.Today] https://u.today/is-xrp-stronger-than-ethereum-bitcoins-btc-150000-around-corner-shiba-inu-shib-summers-biggest-test [3] [AInvest] https://www.ainvest.com/news/xrp-news-today-xrp-analyst-500-tokens-yield-3015-gains-price-hits-100-2507/ [4] [U.Today] https://u.today/dip-again-ex-binance-ceo-cz-reacts-to-976-million-crypto-market-crash