XRP News Today: XRP Surges Over 10% as Bulls Target $3.40 Amid Strong Technical Momentum

Generated by AI AgentCoin World
Friday, Aug 8, 2025 12:34 am ET2min read
XRP
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Aime RobotAime Summary

- XRP surged over 10%, breaking key resistance above $3.10 with bullish MACD and RSI above 50.

- Analysts predict $3.40–$3.50 targets if bulls overcome resistance, with $3.750 possible beyond $3.420.

- A failure to clear $3.40 risks a correction to $3.150–$3.00, amid 9.8% intraday swings and rising volume.

- Retail optimism grows despite regulatory and macroeconomic uncertainties affecting long-term XRP trajectory.

XRP has surged more than 10% in recent trading sessions, pushing above the $3.10 level and signaling optimism among investors who are now eyeing a potential move toward $3.40 in the near term [1]. The price has formed a base above $2.85 and started a fresh rally, breaking key resistance levels such as $3.10 and $3.15. Bulls have extended the gains beyond $3.20, with the price now trading above $3.30 and the 100-hourly Simple Moving Average [2]. A bearish trend line with resistance at $3.00 on the hourly chart of the XRP/USD pair was also breached, reinforcing the bullish momentum [3].

Technical indicators are also aligning with the upward trend. The Hourly MACD for XRP/USD is gaining pace in the bullish zone, and the RSI is above the 50 level, indicating growing buying pressure [1]. The price has also surpassed the 23.6% Fib retracement level of the upward move from the $2.90 swing low to the $3.380 high, suggesting stability in the current rally.

If the price sustains above $3.220, it could signal another upward leg in the short term. Immediate resistance lies near $3.40 and $3.420, with a potential target at $3.50 if the bulls continue to push past these thresholds. Further gains might send the price toward $3.550 or even $3.620 in the near term, according to analysts [1]. A clear move above the $3.420 level could set the stage for a broader breakout toward the $3.750 zone [1].

However, the market remains cautious. If

XRP
fails to clear the $3.40 resistance, it could trigger a downside correction. Key support levels are currently near $3.250 and $3.150. A breakdown below $3.150 could bring the price down to $3.10, with the $3.00 zone being the next major support level where bulls might attempt to stabilize the price [1].

The recent volatility has been notable, with intraday swings reaching as high as 9.8%. This has been accompanied by increased trading volume, which analysts view as a sign of heightened participation and renewed interest in the asset [5]. Despite a sharp correction earlier in the week—one of the largest single-day drops since April—confidence appears to be returning to the market [4].

While the price movement has been largely driven by technical factors, analysts caution that the broader market environment remains uncertain. Regulatory developments and macroeconomic conditions could influence XRP’s trajectory, even as technical indicators look favorable [1]. Retail traders, in particular, are showing increased optimism, anticipating further gains in the coming weeks [5].

Sources:

[1] XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains - https://www.newsbtc.com/analysis/xrp/xrp-price-blasts-higher-3-25/

[2] XRP Analysis: $3 Becomes Make or Break Level for the Ripple-Linked Token - https://cryptoadventure.com/xrp-analysis-3-becomes-make-or-break-level-for-the-ripple-linked-token/

[3] Crypto News Today Live - 06 Aug 2025 - https://m.economictimes.com/crypto-news-today-live-06-aug-2025/liveblog/123126163.cms

[4] XRP Price Crash Prediction and

Ripple
Warning - https://economictimes.indiatimes.com/topic/xrp-price-crash-prediction-and-ripple-warning

[5] Altcoins News - https://cryptodnes.bg/en/news/altcoins/