XRP News Today: XRP Stalls at $3.40 Resistance as Momentum Cools

XRP has encountered resistance at the $3.40 level, with momentum indicators showing signs of cooling, raising concerns about the sustainability of its recent upward trend [1]. After breaking through the psychological $3.00 support in early July, the token saw a surge in buying interest, supported by both the 100-day and 200-day moving averages, which had formed a bullish crossover near $2.50 [2]. However, repeated attempts to breach the $3.40 resistance have failed, and the Relative Strength Index (RSI) has fallen from overbought territory to around 59, indicating a loss of short-term bullish momentum [3].

Currently, XRP is trading near $3.13, with the $3.22 level emerging as a new area of resistance [4]. Traders are closely watching whether the token can maintain its position above $2.99, as a breakdown could signal a deeper correction toward the $2.50 support zone, which coincides with the converging moving averages [5]. The technical picture is further complicated by the 3,000 SAT resistance on the XRP/BTC pair, where the token is also stalled. On the Bitcoin pairs, XRP is retesting support near 2,700 SAT, a zone seen as critical for a potential rebound [6].

Analysts remain divided on the near-term outlook for XRP. Some models suggest a possible target of $3.24 based on July’s momentum, while others project a range between $3.07 and $3.53 [7]. However, these predictions remain speculative and hinge on the token’s ability to break through key resistance levels. A sustained move above $3.40 could attract institutional interest and reinforce the bull case, while a failure to do so may lead to renewed bearish pressure.

The broader cryptocurrency market has been volatile following the Federal Reserve’s recent policy decisions, affecting XRP and other assets [5]. Traders are closely monitoring both the dollar and Bitcoin pairs for signs of the next directional move, with the $3.00 support level and the 2,700 SAT zone on the BTC pair serving as critical technical levels. As XRP remains in a holding pattern, the outcome of this standoff will likely determine the trajectory of its price action in the coming weeks.

Sources:

[1] XRP / TetherUS Trade Ideas — BINANCE:XRPUSDT (https://www.tradingview.com/symbols/XRPUSDT/ideas/?sort=recent)

[2] XRP Price Steady for Now, But Buyer Activity Tells a ... (https://www.mitrade.com/insights/news/live-news/article-3-998404-20250730)

[3] Senaste xrp-nyheter, -åsikter och -flöde idag (https://www.binance.com/sv/square/hashtag/xrp)

[4] XRP (XRP) Price Prediction 2025, 2026-2030 (https://coincodex.com/crypto/ripple/price-prediction/)

[5] BTC, ETH and XRP brace for volatility after Fed decision (https://www.mitrade.com/insights/news/live-news/article-3-995997-20250730)

[6] Commodities Edge Higher Amid Fed Watch, Supply Risks ... (https://www.instagram.com/p/DMu9EfmoyWz/)