XRP News Today: XRP Trapped in $2.85-$3.00 Range as Key Resistance Lingers

XRP continues to trade within a defined price range ahead of key technical levels as of August 7, with current price action hovering near $2.99 and showing minimal directional bias [1]. The token is maintaining its position just above a critical ascending trendline support, with resistance firmly holding near $3.00 and the 9-day simple moving average. Buyers have not yet managed to generate enough volume to break through the resistance, and the market remains in a consolidation phase [1].

Yesterday’s analysis correctly identified the importance of the $2.85 support level and $3.05 resistance zone. XRP bounced off the lower end of the range as expected and has yet to show the strength needed to push higher [1]. The bulls are still aiming for a move above $3.05 to regain control, while a breakdown below $2.85 would increase the risk of a pullback toward $2.60 or even $2.30 [1].

From a technical indicator standpoint, the MACD shows a slight bullish crossover, suggesting early momentum is building. However, the ADX remains bearish, and the CCI and RSI are neutral to bearish, indicating that sellers are still holding the upper hand [1]. The bear/bull power indicator also suggests a slight edge for sellers, reinforcing the notion that XRP is in a buyer’s market but not yet decisively trending higher [1].

Looking forward, three possible scenarios are in play. A bullish outcome would require a strong move above $3.10 to reinvigorate the uptrend and open the door to $3.25 or even $3.50 [1]. A neutral outlook implies continued sideways movement between $2.85 and $3.00 unless external factors influence the market. In a bearish case, a close below $2.85 could trigger a downward spiral toward $2.60 [1].

Analysts have also highlighted a broader context for XRP’s performance. Some suggest a potential rise to between $3.12 and $4.45 by the end of August, contingent on increased volume and support [10]. Others remain optimistic about a $5 target for the month, though current momentum is not yet aligning with such projections [1]. Institutional developments, such as SBI Holdings’ filing for an XRP ETF, have added a layer of bullish sentiment [5], while shifting capital flows to other altcoins may introduce short-term volatility [6].

On the broader market front, XRP has seen a modest 1.18% gain over the past 24 hours and is showing signs of stabilizing above key support. However, without a breakout above $3.09, the market is likely to remain range-bound [3]. A sustained move above this level would be necessary to confirm a resumption of the uptrend, while a drop below $2.95 could signal renewed bearish pressure.

Despite the mixed signals, XRP remains a key player in the crypto market. While some analysts speculate that it could climb as high as $30 if major altcoins rally [7], such forecasts remain speculative and are not yet supported by current fundamentals. The token’s near-term trajectory will depend on broader market conditions, regulatory clarity, and institutional adoption over the coming weeks [4].

Source:

[1] XRP Price Prediction for Today (August 7) (https://coinmarketcap.com/community/articles/689417d7a6cc7553011eb05a/)

[2] XRP Pulls Back After Rally—Is the $3.50 Target Still in Play? (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-pulls-back-after-rally-is-the-3-50-target-still-in-play)

[3] XRP (XRP) Price Prediction for August 7 (https://coinedition.com/xrp-price-prediction-for-august-7-2025/)

[4] XRP News Today: Ripple Urges Balanced Crypto ... (https://www.ainvest.com/news/xrp-news-today-ripple-urges-balanced-crypto-regulation-xrp-gains-8-10-weeks-2508/)

[5] XRP Price Prediction As $214B SBI Holdings Files for ... (https://coingape.com/markets/xrp-price-prediction-as-214b-sbi-holdings-files-for-xrp-etf-analyst-sees-rally-to-4-ahead/)

[6] XRP Price Prediction: Bears Fear Crash to $2 as Capital ... (https://coincentral.com/xrp-price-prediction-bears-fear-crash-to-2-as-capital-rotates-into-alternative-altcoins/)

[7] XRP Price Could Hit $30 If These Major Altcoins Surge, ... (https://captainaltcoin.com/xrp-price-could-hit-30-if-these-major-altcoins-surge-analyst-says/)

[10] XRP price prediction: XRP rebounds from $2.80 — is the ... (https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-rebounds-from-2-80-is-the-road-to-5-finally-wide-open/articleshow/123128339.cms)