XRP News Today: XRP Struggles to Reclaim $3.30 as Bearish Pressure Mounts

XRP faces a critical juncture as it struggles to reclaim the $3.30 resistance level, a threshold analysts believe is essential to avoiding a potential decline toward $2.60 or even $2. The cryptocurrency briefly dipped below the $3.00 level earlier in the week, prompting warnings from market observers about the importance of a swift recovery [5]. Failure to retake $3.30 could trigger further bearish momentum, according to Ali Martinez, who emphasized the level’s significance in determining the token’s short-term direction [1].

On-chain data reveals increased whale activity, with substantial transfers to exchanges indicating elevated sell pressure. This pattern is often interpreted as a sign of bearish intent, especially when combined with the token’s proximity to key support levels. While XRP remains above $2.80—a level previously identified as crucial for maintaining a bullish structure—traders are advised to remain cautious as the market remains in a consolidation phase [1].

Technical indicators reinforce the bearish sentiment. The relative strength index (RSI) is nearing oversold territory, and breakout patterns suggest a potential rebound if the price can reclaim $3.20 before pushing toward $3.30 again [1]. CasiTrades observed that XRP hit the $2.96 support level with a “textbook bottom,” showing early signs of strength despite the recent downward move. The analyst noted bullish divergences on lower timeframes, suggesting that buying pressure may be starting to build [1].

Galaxy’s analysis highlights XRP breaking out of a smaller triangle within a broader consolidation pattern, indicating that the token could stabilize near $3 before advancing higher. However, this remains conditional on the ability to hold key resistance levels. Meanwhile, Bitcoin’s movement around its $112,000 support level is also seen as a potential influencing factor for XRP’s trajectory, given the correlated nature of the crypto market [1].

Analysts remain divided on XRP’s long-term potential. While some, like Zach Rector, predict the token could reach $4 by Q2 2026 [6], current market conditions suggest a more conservative outlook. The token is currently trading 22% below its all-time high of $3.84 from 2018 and is under pressure from both macroeconomic factors and broader crypto market weakness [1].

A significant on-chain statistic is that 94% of XRP holders are currently in profit, a metric often associated with a potential price top as traders begin to take profits and adopt a more bearish stance [8]. This has led some analysts to describe the market as entering a “belief–denial” phase, where bullish expectations are fading in favor of bearish sentiment.

For XRP bulls, the immediate focus is on a retest of the $3.30 level and a successful hold. A strong rebound could signal a return toward $5, supported by whale accumulation and improved price action [3]. However, if bearish momentum continues, the token risks a drop toward $2.60, marking a sharp correction that could mirror the January 2025 decline [1].

As the broader cryptocurrency market remains in a downtrend, XRP’s performance is closely tied to investor sentiment and macroeconomic conditions. Traders are advised to monitor key support levels, volume patterns, and on-chain activity as the price continues to test the resilience of its technical and psychological barriers [1][4][5][7].

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Source:

[1] XRP Price Prediction: Recovery Stalls as Bulls Fight To Hold $3 Key Support - [https://coincentral.com/xrp-xrp-price-prediction-recovery-stalls-as-bulls-fight-to-hold-3-key-support/](https://coincentral.com/xrp-xrp-price-prediction-recovery-stalls-as-bulls-fight-to-hold-3-key-support/)

[4] XRP Price Breaks Below $3: Is $2 the Next Stop? - [https://thetradable.com/crypto/xrp-price-breaks-below-3-is-2-the-next-stop-ig--a](https://thetradable.com/crypto/xrp-price-breaks-below-3-is-2-the-next-stop-ig--a)

[5] XRP Must Recapture This Level To Avoid A Sharp Correction - [https://www.benzinga.com/crypto/cryptocurrency/25/08/47177604/xrp-needs-to-recapture-3-30-to-avoid-a-sharp-correction-says-analyst-as-crypto-joins-market-slump](https://www.benzinga.com/crypto/cryptocurrency/25/08/47177604/xrp-needs-to-recapture-3-30-to-avoid-a-sharp-correction-says-analyst-as-crypto-joins-market-slump)

[6] Pundit Predicts New XRP Price Target for Q2 2026 - [https://thecryptobasic.com/2025/08/17/pundit-predicts-new-xrp-price-target-for-q2-2026/](https://thecryptobasic.com/2025/08/17/pundit-predicts-new-xrp-price-target-for-q2-2026/)

[7] Why XRP Is Going Down? XRP Price Drops 5% as Bitcoin and Ethereum Retreat - [https://www.tradingview.com/news/financemagnates:df8d511ac094b:0-why-xrp-is-going-down-xrp-price-drops-5-as-bitcoin-and-ethereum-retreat-amid-heavy-crypto-profit-taking/](https://www.tradingview.com/news/financemagnates:df8d511ac094b:0-why-xrp-is-going-down-xrp-price-drops-5-as-bitcoin-and-ethereum-retreat-amid-heavy-crypto-profit-taking/)

[8] 94% of XRP holders are in profit: Has the price topped? - [https://www.coinglass.com/ru/news/535525](https://www.coinglass.com/ru/news/535525)