XRP News Today: XRP Tests $3.00 Resistance Amid Mixed Technical Signals

XRP price has rebounded from the $2.60 level, currently trading near $2.98 as it tests key resistance. The cryptocurrency is positioned at the apex of a multi-week falling wedge, with traders closely monitoring whether the momentum will lead to a breakout or a reversal beneath the trend ceiling. Indicators suggest a mix of strength and early exhaustion, with price reacting to structural supply near $3.00 [1].

Technical analysis highlights several critical levels. Resistance is seen at $3.03 and $3.25, while support stands at $2.85 and $2.75. A breakout above $3.03 would confirm the falling wedge pattern and potentially open the path toward the next key resistance at $3.25 and beyond to the July high of $3.45. A failure to clear $3.00 could result in a pullback toward $2.85 and potentially $2.75, where trendline support and previous demand remain intact [1].

On the 30-minute VWAP chart, XRP briefly reclaimed session mid-line support at $2.984 before a slight pullback. The RSI indicator rose into overbought territory, reaching 70 before cooling to 59.25, signaling that the current rally may pause unless volume increases [1].

The 4-hour Bollinger Bands show price at the upper band, with XRP above the 20 EMA ($2.947) and approaching the 50 EMA ($3.03). This creates a compressed trading range, emphasizing the importance of the $2.98–$3.03 zone [1].

On-chain data indicates a modest $7.91 million net inflow into XRP over the past 24 hours, suggesting a short-term shift in buying interest. This contrasts with the outflows seen earlier in the week, reflecting a potential reversal in sentiment [1].

Key indicators provide mixed signals at resistance. The 4-hour Supertrend remains bearish unless XRP sustains a close above $3.03. The DMI on the daily chart shows that the +DI is beginning to rise, but the -DI still leads, with the ADX above 20, indicating trend strength is present, though the direction is yet to be determined [1].

The 4-hour Parabolic SAR has flipped below the current price, indicating a momentum shift in favor of bulls. However, this signal coincides with XRP entering a major resistance zone, increasing the likelihood of a short-term rejection without follow-through volume [1].

Looking ahead, a close above $3.03 with increasing volume would confirm the falling wedge breakout. In this scenario, bulls could target $3.25 and eventually $3.45. A failure to close above $3.00 could trigger a retracement toward $2.85 and $2.75, where both trendline support and prior demand exist. On the downside, a break below $2.75 would push price toward the $2.60 zone. Reclaiming $3.03 with strong confirmation is crucial for bulls to regain directional momentum into the second week of August [1].

Source: [1] XRP (XRP) Price Prediction for August 5 (https://coinedition.com/xrp-price-prediction-for-august-5-2025/)