XRP News Today: XRP Traders Watch $3.10 Support Amid Mixed Technical and Market Signals

Ripple’s XRP is currently navigating a critical juncture as key support and resistance levels come into focus on both the XRP/USDT and XRP/BTC pairs. The price is hovering near $3.10 on the USDT pair, with $3.40 identified as a crucial resistance zone following a breakout attempt above $2.70 in July [1]. Technical indicators suggest that as long as the price remains above the 100-day and 200-day moving averages, the overall trend remains bullish. However, the RSI at neutral 50 indicates a lack of strong momentum, raising the possibility of a pullback into the $2.80 support zone [1]. A breakdown below this level could trigger a deeper correction toward $2.40, the 200-day moving average [1].

On the XRP/BTC pair, the price is currently trading near 2,600 SAT, having pulled back from the 3,000 SAT resistance after breaking out of a long-term descending channel [1]. The 2,400 SAT level, where the price previously found support, remains a critical threshold. If buyers manage to push the price above 3,000 SAT, the next target would be 3,400 SAT. Conversely, a breakdown below 2,400 SAT could shift the bias toward 2,000 SAT [1]. Analysts highlight that the structure still favors the bulls as long as higher lows remain intact [1].

The recent price dip to $3.12 came in response to weak U.S. Producer Price Index (PPI) data, which added to the bearish pressure [3]. On-chain data also shows a decline in XRP’s circulating supply on centralized exchanges, suggesting a possible consolidation period as traders reassess positions [2]. The price remains above key moving averages, with the EMA 20 at $3.1433 and the EMA 50 at $2.9293 offering immediate support [6]. Analysts have noted that if these levels hold, XRP could test the $3.33–$3.50 resistance range, with a breakout potentially accelerating the move toward $3.80 [5].

Some analysts suggest XRP has broken out of a seven-year Double Bottom pattern, signaling the potential start of a major long-term rally [7]. However, this remains a forecast rather than an actual market outcome. A successful defense of the $3.00 support level could trigger a rebound toward $3.10 and beyond, with further bullish targets in the $3.50–$4.00 range [7]. Conversely, a failure to maintain the $3.10 level could lead to a retest of the $3.00 support and increase the risk of an extended decline.

Market sentiment remains mixed, with some analysts predicting a move toward $5–$7 if regulatory clarity improves, while others caution against overly optimistic forecasts [9]. The current technical environment reflects a tug-of-war between buyers and sellers, with $3.00 serving as a strategic entry point for potential long-term investors [9].

Overall, XRP’s near-term direction will depend on its ability to hold key support levels and generate a convincing breakout above $3.40. Investors are advised to remain cautious, given the market’s sensitivity to macroeconomic data and regulatory developments. As the cryptocurrency market continues to evolve, strategic entry points and stop-loss mechanisms remain essential for managing exposure to XRP’s volatility [9].

Source:

[1] Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop https://coinmarketcap.com/community/articles/689f5bd1d09be932afacd90b/

[2] XRP Price Eyes Breakout https://beincrypto.com/xrp-price-eyes-breakout/

[3] XRP Pulls Back on Weak U.S. Data but Holds $3 Support https://bravenewcoin.com/insights/xrp-price-today-xrp-pulls-back-on-weak-u-s-data-but-holds-3-support-as-4-target-looms

[5] Analysts Eye $3.80 Target as Bullish Signals Align https://thetradable.com/crypto/xrp-price-prediction-ready-to-explode-analysts-eye-380-target-as-bullish-signals-align-1--a

[6] Unexpected Inflation Result Suppresses XRP's Price https://coinedition.com/unexpected-inflation-result-suppresses-xrps-price/

[7] XRP Price at $3.60: 7-Year Bottom Breakout Could Trigger Major Rally https://www.mitrade.com/insights/news/live-news/article-3-1040554-20250815

[9] XRP News Today: TRON Consolidates Near $0.36 Amid Market Volatility https://www.ainvest.com/news/xrp-news-today-tron-consolidates-0-36-bullish-outlook-18-monthly-gain-2508/