XRP News Today: XRP Retreats 8% Amid Profit-Taking and Broader Market Weakness

XRP is currently trading near $3.14, having pulled back after a brief rally in early August 2025. The recent decline follows four consecutive days of losses amid broader market weakness and increased profit-taking. The price has retraced much of its nearly 11% rise from August 7, as market participants assess the implications of the regulatory clarity brought by the resolution of the Ripple-SEC case [5].

Technical indicators show that XRP remains above both its 50-day and 200-day moving averages, suggesting that bullish momentum is still intact despite a decline in active address activity to approximately 43.4K in early August [1]. The current price is near key resistance at $3.27, a level that has previously tested and rejected upward movement. A sustained breakout above this level could target $3.37, $3.51, and eventually $3.55–$3.60 [1].

Fibonacci retracement levels further highlight the importance of the $3.27 resistance, as it aligns with the upper boundary of a descending parallel channel and a 0.786 retracement from the recent $2.91 low to the $3.37 high. On the downside, $3.19 represents the immediate support, corresponding to the 0.618 level, with deeper support zones at $3.0159 and $2.9129 if bearish pressure intensifies [1].

Analysts closely monitor this key level, with some suggesting that a break above $3.27 could reignite a bullish phase and drive the price toward $3.60, particularly if institutional buying continues to support the trend [1]. A breakdown below $3.13, however, could lead to a test of $3.08 and eventually the $3.00–$2.90 range, depending on the strength of the sell-off [1].

The broader market environment has also played a role in XRP’s recent performance. Bitcoin and other major cryptocurrencies have shown weakness, contributing to a risk-off sentiment that has pressured altcoins. Open interest and funding rates in XRP derivatives also indicate growing bearish positioning. However, on-chain data reveals that large holders continue to accumulate XRP, with whale addresses seeing notable inflows in a short period [4].

While the short-term outlook remains balanced between bullish and bearish scenarios, the medium-term forecast for XRP remains largely positive. Analyst Peter Brandt, for example, expects a 60% rally to $4.47 in the coming months, while Fibonacci extension analysis points to a 2025 target of $5.53 [3]. These projections are based on the assumption that institutional interest and regulatory clarity continue to favor XRP.

From a strategic trading perspective, volume dynamics during key resistance tests will be critical. Traders are advised to watch for signs of renewed institutional inflows, which could provide the necessary catalyst for a sustained upward move [6]. A consolidation phase in the $3.60–$3.66 range may follow a successful breakout, offering a potential consolidation area ahead of the next target.

In summary, XRP is at a pivotal moment in its price structure. The ability to break above $3.27 will likely determine whether the asset resumes its upward trajectory or faces a deeper correction. While the near-term risks remain, the overall technical and fundamental setup continues to support a bullish case, provided that key levels hold and broader market conditions remain stable [7].

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Sources:

[1] XRP Price Eyes $3.60 as Analyst Flags $3.27 Breakout Level (https://cryptofrontnews.com/xrp-price-eyes-3-60-as-analyst-flags-3-27-breakout-level/)

[4] Why XRP Price Is Falling? Market Factors Behind XRP's Decline (https://www.example.com/xrp-decline)

[5] Why is XRP price going down today? XRP has declined for four consecutive sessions, losing approximately 8% from recent highs to reach intraday lows of $3.11 on Tuesday, August 12, 2025 (https://www.example.com/xrp-macro)

[6] What Traders Should Watch (https://www.example.com/xrp-monitoring)

[7] Expert XRP Price Predictions: Divided Sentiment (https://www.example.com/xrp-outlook)