XRP News Today: XRP Tests $3.30 Resistance Amid Mixed Technical Outlook

XRP’s price recently surged to $3.28, approaching a key resistance level of $3.30 that has acted as a technical barrier for the past three weeks. This level, defined by a descending trend line stretching back to the July peak of $3.50, has become a focal point for traders and analysts. A daily candlestick close above $3.30 could signal the beginning of a new bullish phase, potentially pushing the price toward $3.50 and $3.70 [1]. However, recent declines in trading volume have created uncertainty around the sustainability of this upward movement. Analysts caution that weak volume support could undermine the strength of a breakout, particularly at a critical trend line [1].

The cryptocurrency has fluctuated within a defined price range, bouncing between key resistance levels such as $3.24–$3.27 and $3.36–$3.63. A successful break above these levels may open the door for higher targets, with some analysts forecasting potential movement toward $4.50–$5.00 [3]. At the same time, a failure to maintain above $3.30 could result in a pullback toward $3.07 or even the $2.81 level, which corresponds to the 20-day and 50-day EMAs, respectively [1]. These moving averages currently serve as structural support, reinforcing a cautiously optimistic outlook as long as prices remain above these key levels.

The price action over August 9 and 10 reflected renewed bullish momentum as XRP tested the $3.30 threshold after a short-term correction from its July high. The support zone at $3.00 provided a foundation for a swift rebound, retesting the upper boundary of the descending trend line [1]. While this movement suggests strengthening intraday buying pressure, it remains to be seen whether it can be followed by a sustained breakout supported by increased trading volume.

Market observers also noted an uptick in institutional interest following the resolution of Ripple’s legal case with the SEC, which has created a more favorable environment for XRP [4]. Despite this, the token has yet to maintain a breakout above $3.40, and its price has since retreated to levels near $3.19, where bearish trends become more apparent on shorter timeframes [4]. This mixed technical picture illustrates the ongoing tug-of-war between bullish and bearish forces.

Analysts remain divided in their outlooks. Some argue that XRP could see a significant upward move if it can overcome its current resistance levels. Others point to an overbought RSI reading of 70.84 as a warning sign, suggesting that a consolidation period may be necessary before the next trend leg [6]. For now, the market is closely watching whether XRP can hold above $3.1889, which has emerged as a key support level [8].

The broader crypto market is also showing signs of optimism, with Ethereum testing key resistance levels and contributing to a generally positive tone. However, XRP’s performance remains dependent on its ability to break through $3.30 with strong volume support [1]. Until that happens, the market is likely to remain in a state of cautious observation.

Source:

[1] XRP Price Boosts Optimism by Testing Key Resistance Level (https://en.coin-turk.com/xrp-price-boosts-optimism-by-testing-key-resistance-level/)

[2] XRP News Today: XRP Approaches $3.30 Resistance as ... (https://www.ainvest.com/news/xrp-news-today-xrp-approaches-3-30-resistance-legal-settlement-sparks-optimism-2508/)

[3] XRP Price Prediction: Institutional Money Floods Following ... (https://coincentral.com/xrp-xrp-price-prediction-institutional-money-floods-following-sec-case-dismissal/)

[4] XRP News Today: XRP Struggles to Break Key Resistance ... (https://www.ainvest.com/news/xrp-news-today-xrp-struggles-break-key-resistance-mixed-short-term-outlook-2508/)

[5] Ripple vs SEC Lawsuit Ends While XRP Struggles at $3.5 ... (https://coinpedia.org/price-analysis/ripple-vs-sec-lawsuit-ends-while-xrp-struggles-at-3-5-but-primed-to-reach-5/)

[6] Manuel - The Ripple vs. SEC lawsuit has officially ended ... (https://www.facebook.com/photo.php?fbid=74141****438529&set=a.130****63246274&type=3)

[8] Latest XRP News, Opinions and Feed Today (https://www.binance.com/en/square/hashtag/XRP)

[9] This week starts with optimism in global markets [Video] (https://www.fxstreet.com/analysis/this-week-starts-with-optimism-in-global-markets-video-202508110802)