XRP News Today: XRP Surges 7% as Buyers Dominate Amid Key Support and Resistance Watch

XRP is currently demonstrating signs of upward movement, with a 7% gain as of August 8, 2025, reflecting strong buyer dominance in the market. The price is currently trading at $3.2394, but recent price behavior suggests the potential for corrections to test key support levels [1]. Traders and investors are closely monitoring whether the weekly candle closes above $3.33, which could signal a continuation of the upward trend, or below the critical $3.2704 level, potentially leading to a pullback toward the $3.15 support zone [2].

The recent breakdown of the $3.2704 support level has raised concerns about short-term volatility. Analysts have noted that if downward momentum continues, XRP may test the $3.10–$3.15 range, a key area that has historically acted as a floor for the asset [3]. This zone will be crucial for determining whether the current rally is sustainable or if further consolidation is necessary before a new upward phase begins.

Despite the positive momentum today, market participants remain cautious. The current price of $3.2394 is still below the recent high of $3.333, and a sustained move back above that level will be necessary to confirm a shift in sentiment. The weekly candle closure will be a key indicator for the near-term trajectory of the asset, especially if it occurs without a long wick, suggesting strong conviction from buyers [4].

Buyer dominance has been a consistent theme, with CoinStats noting that buyers remain more powerful than sellers at the end of the day [5]. This suggests that while short-term corrections are possible, the underlying bullish sentiment remains intact. However, any move below $3.15 could trigger further sell-off pressure, making it an essential level to watch.

The longer-term technical outlook hinges on whether XRP can reclaim and sustain key resistance levels. If the weekly closure exceeds $3.33, the path to $3.66 could become more viable. This scenario would require continued institutional and retail buying pressure, which has been evident in the current 7% surge [6].

Market analysts emphasize the importance of price action around key levels and warn that any failure to hold above $3.15 could lead to renewed bearish sentiment. Investors are advised to keep a close eye on both daily and weekly charts for confirmation of the next directional move.

Source:

[1] [2] [3] [4] [5] [6]

Source: [1]XRP Shows Potential for Upward Movement Amid Buyer Dominance, Eyes Key Resistance Levels August 8, 2025 (https://en.coinotag.com/xrp-shows-potential-for-upward-movement-amid-buyer-dominance-eyes-key-resistance-levels/)