XRP is under pressure after failing to hold above $3.20. With technical indicators slowing down and Bitcoin remaining weak, will XRP be able to defend the key support level at $3?
XRP Price Prediction: Will the support level hold at $3?
According to the latest market report, the price of Ripple (XRP) is currently trading at around $3.02, down 1.53% over the day and 3.17% over the past week. Despite these short-term losses, the currency is still up 36.34% over the past month, 27.02% over six months, and 45.51% since the beginning of the year. But will this momentum continue, or are we witnessing the start of a deeper correction?
XRP Chart Analysis: Important Levels to Watch
The daily chart shows that XRP recently surpassed a local high near $3.60 and is currently stabilizing above the psychological level of $3.00. This level is crucial for maintaining bullish momentum.
Support zone: $3.00 (green horizontal line), followed by the 50-day simple moving average at $2.68 and the 200-day simple moving average at $2.45.
Resistance: The current resistance is near $3.20. A break above this level could lead to a retest of $3.61.
Relative Strength Index (RSI): The RSI has cooled from the overbought zone and is currently hovering around 52. This indicates that XRP has the potential to move in either direction, but it lacks strong momentum at the moment.
XRP/USD One-Day Chart - TradingView
A break below $3.00 could open the door for a swift drop to $2.68 or even $2.45. However, maintaining this level would indicate bullish stability and potential recovery.
Market Context: Ripple's blockchain report boosts confidence
Amidst these technical disruptions, Ripple's official publication offers a long-term optimistic narrative about XRP and blockchain adoption:
"Change is happening: banks are investing in blockchain technology.
➡️ Over $100 billion has been invested in blockchain companies since 2020
➡️ Stablecoins volume reaches $700 billion monthly
➡️ The volume of tokenized assets is expected to reach $18 trillion by 2033"
The data comes from a new report by Ripple in partnership with CB Insights and the UK Crypto Business Council, highlighting the increasing integration of blockchain technology in traditional finance.
These macroeconomic signals could serve as a driver for XRP's future valuation, especially if XRP remains the preferred option for cross-border payments and cryptocurrency liquidity.
XRP Price Prediction for August 2025
If Ripple (XRP) maintains a support level above $3.00, its price could rise further towards the resistance area at $3.60. However, if Bitcoin (BTC) continues to decline or the cryptocurrency market weakens overall, the currency may retreat to lower support levels.
Possible Scenarios:
Bullish Scenario: A bounce from $3.00, a retest of $3.20, and a move towards $3.60 and above. A break above $3.60 could push XRP to new all-time highs.
Bearish Scenario: Failing to hold above $3.00 will drop the price of XRP to $2.68 or even $2.45. A break in the relative strength index will confirm bearish momentum.