XRP News Today: XRP Struggles to Break Above $3.05 Amid Key Resistance Test

XRP is currently encountering a significant price ceiling near the $3.05 resistance level, with traders and analysts watching closely to see if the altcoin can sustain its recent gains and continue its upward trajectory. As of August 6, 2025, XRP is trading around $3.01, having surged 24% from a support zone near $2.80 [2]. This bounce comes after a strong 57% rally in July, during which the price peaked at $3.6745 [2]. However, the failure to maintain price above $3.05 has raised concerns that the bullish momentum may be waning [1].

The inability to break above this key resistance level has left many investors skeptical about the strength of the recent rally. Analysts emphasize that maintaining price above the $2.90–$2.95 zone is crucial for bulls to retain control and potentially push the price back toward the $3.67 level [2]. A breakdown below this support could trigger renewed selling pressure, possibly sending XRP back toward the $2.80 support or even lower [2].

Technical indicators also reflect the current uncertainty. The hourly MACD for the XRP/USD pair is losing pace in the bearish zone, while the RSI is below the 50 level, signaling a lack of immediate bullish strength [1]. Key support levels are identified at $2.920 and $2.880, with the next major resistance near $3.10 and $3.020 [1]. The failure to form a clear breakout above these levels could result in another decline, particularly if the price closes below the $2.880 level, which might lead to a test of the $2.810 support [1].

A recent 10% price jump was fueled by a court ruling in Ripple’s legal battle with the SEC, bringing short-term optimism to the market [5]. However, this surge has not yet translated into sustained strength above the key resistance level. Broader crypto market sentiment will play a role in XRP’s near-term performance, as any lack of positive momentum could hinder further gains [2].

Some market observers suggest that XRP is in a consolidation phase that may be clearing weaker participants ahead of a potential breakout [3]. However, without a definitive move above $3.05 and a strong volume push, the likelihood of a meaningful upward movement remains limited [1]. The next few days will be critical in determining whether XRP can reclaim its momentum or if bears will gain control and push the price toward the $2.80 support level once more.

Source:

[1] XRP Price Falls Below $3 - Why? (https://thetradable.com/crypto/xrp-price-falls-below-3-why-c--m)

[2] XRP Price Rallies 24% After Bouncing from $2.80 (https://thetradable.com/crypto/xrp-price-rallies-24-after-bouncing-from-280-can-bulls-push-toward-367-ig--a)

[3] XRP's Korean Breakthrough: BDACS Institutional Custody ... (https://www.instagram.com/p/DNARNHcIumY/)

[5] XRP Price Jumps 10% After Court Ruling – Is a Full Ripple ... (https://bitzuma.com/news/xrp-price-jumps-after-court-ruling/)