XRP News Today: XRP Trapped at Key $2.80–$2.90 Resistance Amid Rising Bearish Pressure

XRP is currently at a pivotal juncture as it faces a key resistance zone between $2.80 and $2.90, a supply zone and bearish Fair Value Gap (FVG) on the 4-hour chart. This level has historically served as a significant barrier to upward movement, and traders are closely monitoring whether the price can break through or will be rejected once more [1]. Failure to push above this level could lead to a pullback toward the $2.50–$2.60 support range, an area that has previously acted as a strong base for the asset [2].

The bearish pressure appears to be intensifying, with the supply zone between $2.80 and $2.90 aligning with previous resistance points that have historically triggered increased selling activity. If XRP is rejected again at this critical range, a downward move toward the $2.50 support level is likely [3]. This dynamic is typical in volatile markets such as cryptocurrency, where price action and volume confirmation play crucial roles in determining the next directional move.

Technical analysis highlights the importance of the $2.80–$2.90 range in shaping XRP’s near-term trajectory. A clean breakout above this level, supported by increased volume, could invalidate the bearish narrative and signal a potential shift in sentiment. Conversely, a rejection would likely send the price back down toward the $2.50–$2.60 level, where bulls will need to defend against further selling pressure [4]. Observing the next few candles and volume patterns will be essential for traders seeking to anticipate the next move.

Amid broader market weakness, XRP’s price movements reflect the ongoing bearish tone in the crypto space, with Bitcoin and Ethereum also experiencing corrections. Macroeconomic factors such as weak credit expansion and rising tariffs have contributed to a cooling labor market, increasing risk-off behavior among investors [5]. In the short term, XRP’s trading volume has spiked by 18.3% over a four-hour period, a sign of heightened volatility and potential institutional selling activity [6].

While XRP remains in a consolidation phase, some analysts have noted a bullish divergence on the RSI in the four-hour chart. This divergence—where the RSI forms higher lows while the price makes lower lows—suggests that bearish momentum may be weakening [7]. However, the $3.00 level remains a crucial psychological barrier. If XRP cannot hold above this level, a retreat to the key support of $2.65 is a real risk [8].

Despite the current technical headwinds, some market observers remain cautiously optimistic. An analyst from CoinGape has forecasted a potential surge to $4.70 if the SEC’s regulatory environment continues to favor XRP [9]. This, however, is a speculative projection and depends on external factors rather than current market fundamentals.

As the month of August begins, XRP’s immediate priority is to hold its position above the $2.75 level while testing the $2.84 resistance. A sustained move above $3.00 would not only reverse the current downtrend but also open the door to the $3.60–$3.65 range. On the flip side, a breakdown below $2.65 could trigger further selling and a deeper correction in the price. Traders are advised to remain cautious and closely monitor key levels and volume patterns for confirmation of the next major move.

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[1] The Tradable (https://thetradable.com/crypto/xrp-price-eyes-rebound-after-drop-to-273-can-bulls-push-it-past-3-ig--a)

[2] Mitrade (https://www.mitrade.com/au/insights/news/live-news/article-3-1007822-20250803)

[3] The Currency Analytics (https://thecurrencyanalytics.com/altcoins/ripple-xrp-faces-bearish-momentum-will-it-hold-the-3-support-level-188541)

[4] 99Bitcoins (https://99bitcoins.com/news/altcoins/live-btc-and-eth-looking-bearish-heading-into-august-xrp-sees-huge-selloff-best-crypto-to-buy-now/)

[5] The Economic Times (https://m.economictimes.com/news/international/us/crypto-darling-xrp-under-pressure-price-dips-below-3-whats-causing-the-drop-is-a-massive-selloff-coming/articleshow/123042471.cms)

[6] Binance (https://www.binance.com/en/square/post/27762934150937)

[7] AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-approaches-key-resistance-potential-20-rally-signal-2508/)

[8] U.Today (https://u.today/xrp-struggles-to-hold-3-critical-xrp-price-levels-in-focus)

[9] CoinGape (https://coingape.com/markets/xrp-price-prediction-analyst-predicts-4-70-surge-as-secs-project-crypto-fuels-bullish-outlook/)