📈 Current Price and Price Trend
The price is currently around $2.99, up ~1.36% from the previous session.
Significant resistance at $3.04–3.06, while the main support is between $2.90–2.93, based on price movement analysis and heavy trading volumes during recent sessions.
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🔍 Top News and Analysis
1. A drop of ~4.7% in yesterday's session, with a clear decline in demand for XRP compared to Bitcoin, representing relatively weaker performance within the digital asset market.
2. At the beginning of the week, XRP recorded gains of about +0.5% to reach ~$3.03, supported by improved market sentiment regarding the prospects of an interest rate cut by the Federal Reserve in September.
3. XRP traded in the range of $2.83–3.11 with sharp fluctuations and movements from large investor wallets, with trading volume exceeding 110 million XRP in a single transaction worth $33 million.
4. A significant transfer from XRP whales worth $58 million pushed the price above $3.07, considered a potential indicator for a rise towards a technical target of $3.30.
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📊 Short-term Technical Forecasts
XRP shows a technical pattern resembling a falling wedge similar to the wave that preceded a ~70% rise in early 2025. This suggests a potential price increase towards the $3.75–4.00 range in August if the upper resistance is broken.
Price Models forecasts indicate a price range between $3.20 and $4.00 in the upcoming period, with expected averages around $3.40–3.50.
More optimistic estimates describe the possibility of XRP reaching around $5.50 by the end of 2025 if positive liquidity and institutional investment divergences continue.
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🏛️ Legal and Institutional Developments
In a significant development, Ripple announced that the U.S. Securities and Exchange Commission (SEC) will withdraw its appeal against Ripple, marking the end of a long legal battle, boosting confidence in the XRP project and its regulatory stability.
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📌 Quick Summary
Item Details
Current Price ~$2.99
Price Support ~$2.90–2.93
Key Resistance ~$3.04–3.06
Possible Trend Breaking resistance → Target $3.75–4.00
Possible range in 2025 $4.00 to $5.50 (depending on regulatory progress and liquidity)
Important Factors to Watch SEC developments, whale movements, ETF approval
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🧭 What does this mean for investors?
On the short term: If XRP holds its support at ~$2.90 and manages to break ~3.04–3.06, it may begin a wave of rise towards $3.75–4.00.
On the medium to long term: If institutional spending continues to flow, and additional liquidity emerges from ETFs or positive legal settlements, reaching $5–5.50 is not out of the question.