XRP News Today: XRP Trapped in Consolidation as $2.85 Support and $3.10 Resistance Dictate Market Direction

XRP is trading in a consolidation phase on August 6, 2025, with price action hovering just above a key support zone around $2.85. The current price is slightly above $2.96, maintaining its position above the rising trendline from early June but still unable to break through resistance at $3.10 [1]. The market remains in a waiting mode as buyers attempt to hold the asset above critical support, while sellers continue to control momentum [1].

Yesterday’s price action aligned closely with the predicted range, as XRP bounced off the $2.85 support level and remained above the ascending trendline. However, the inability to push past $3.10 has kept the price range-bound, with volume showing signs of slowing [1]. This pattern suggests that without a significant increase in buying pressure or a clear breakout, XRP will likely remain in its current consolidation phase for the foreseeable future [1].

Technical indicators for the daily chart remain mixed but largely bearish. The ADX (14) at 36.02 confirms that the downtrend is still active, while the CCI (14) at -82.05 and RSI (14) at 49.81 suggest that the market is in a weak and neutral state, respectively [1]. The MACD (12,26) at 0.078 hints at a potential short-term bounce, but the negative momentum remains clear, with the ROC at -16.47 and Bull/Bear Power (13) at -0.0614 underscoring the dominance of sellers [1].

Analysts have outlined three potential price scenarios for XRP. In a bullish case, a breakout above $3.10–$3.15 could push the price toward $3.20–$3.60, especially if momentum strengthens [1]. A neutral scenario sees the price staying between $2.85 and $3.00 without a decisive move in either direction [1]. The bearish scenario, however, warns that a drop below $2.85 could lead to a decline toward $2.65 or even $2.60, with further downside targets at $2.50–$2.40 [1].

On the other hand, some reports indicate that XRP has shown signs of strength, breaking out of a falling channel near $3.03 with a 1.16% gain over the past 24 hours [4]. This is viewed by some as a positive development that may signal the beginning of a broader uptrend [4]. Resistance levels at $3.14 and $3.34 are seen as immediate targets for bulls, depending on whether volume increases and the support level holds [5].

Looking further ahead, analysts from Fingerlakes1.com have projected a bullish case for XRP reaching $4 by the end of 2025, citing a repeated breakout pattern and growing institutional interest [9]. Factors such as large-scale OTC deals, new cloud mining contracts, and increased activity from whale wallets are contributing to the improved risk-reward profile [9]. Ripple’s infrastructure growth and new partnerships are also expected to drive adoption in areas like stablecoin issuance and tokenized real estate [9].

Short-term forecasts for August 6 range from $2.65 to $3.06, according to 30rates.com, which aligns with the broader technical and market sentiment that XRP is at a pivotal juncture [7]. While the path to $4 is not without risks, particularly from regulatory uncertainty, the current environment suggests that further gains are possible if key support levels hold and volume remains strong [4][5][9].

In summary, XRP remains in a critical phase, with traders and analysts closely watching both $2.85 and $3.10 as key price levels. A breakout above the latter could signal the start of a recovery, while a breakdown below the former may lead to further consolidation or a downward correction. The coming days will likely determine the next direction for the asset.

Source:

[1] CoinMarketCap. [https://coinmarketcap.com/community/articles/6892c65078a0a67c8267a657/](https://coinmarketcap.com/community/articles/6892c65078a0a67c8267a657/)

[4] Brave. [https://bravenewcoin.com/insights/xrp-price-today-xrp-breaks-out-of-falling-channel-near-3-03-holds-20-ema-support](https://bravenewcoin.com/insights/xrp-price-today-xrp-breaks-out-of-falling-channel-near-3-03-holds-20-ema-support)

[5] Coin. [https://coinedition.com/xrp-price-prediction-for-august-6-2025/](https://coinedition.com/xrp-price-prediction-for-august-6-2025/)

[7] 30. [https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast](https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast)

[9] Fingerlakes1.com. [https://www.fingerlakes1.com/2025/08/05/xrp-4-price-prediction-2025-537989543/](https://www.fingerlakes1.com/2025/08/05/xrp-4-price-prediction-2025-537989543/)