XRP News Today: XRP Surges 5% Amid Macro Worries and Key Support Rebound

The cryptocurrency market faced a bearish week driven by macroeconomic concerns, including the Federal Reserve’s decision to keep interest rates unchanged and uncertainty about a potential September rate cut. Weak nonfarm payroll data and new tariff discussions further exacerbated market sentiment, impacting major cryptocurrencies such as Bitcoin, Ether, and XRP. Despite the broader downturn, XRP, the native token of the Ripple blockchain, emerged as a relative outperformer [1].

Over the weekend, XRP retested its key support zone around the $2.7 level, an area that coincides with the 50% Fibonacci retracement at $2.78 and the 50-day EMA at $2.79. The token managed to bounce back, closing the recent session near $3.007 after gaining roughly 5% in the last few hours. This rebound is attributed to strong breakout momentum and increased institutional buying, with trading volumes surging past 110 million in the process [1].

Technical analysis suggests that the recovery could extend if XRP manages to break above the $2.99 resistance level, potentially pushing the token toward $3.30—a level that also aligns with a Transactional Liquidity (TLQ) zone. The 4-hour RSI stands at 53, above the neutral level, indicating that bearish momentum is fading. Meanwhile, the MACD has crossed into positive territory, offering further bullish support. However, the 4-hour chart still remains bearish, suggesting that the market is not fully in the hands of the bulls [1].

On the downside, a pullback could see XRP retest the $2.72 support level. If this fails to hold, the token could extend its decline toward $2, a level not seen since June. Traders are closely monitoring these key levels, with analysts noting that factors such as ETF speculation and regulatory developments could influence institutional demand for assets like XRP [1].

Source: [1] XRP could reclaim $3.3 after retesting key support zones (https://invezz.com/news/2025/08/04/xrp-could-reclaim-3-3-after-retesting-key-support-zones/)