Short ⚠️ 📢
Entry: $3.25
Stop Loss: $3.50 (around 3% above entry to limit loss if price rises)
Target 1: $3.22 (near immediate support around $3.20)
Target 2: $3.10 (next support level below Target 1)
As long as $XRP stays above $3.00 and particularly $2.75, the bullish momentum remains intact. The next upside targets are $3.40–$3.84, followed by possible extension toward $4.30, $5.50, and beyond if legal and ETF catalysts play out. Watch for any break below support zones, as this could signal a shift back to consolidation or correction mode
Ripple recently settled its long-running lawsuit with the SEC, ending legal uncertainty but agreeing to pay a $125 million civil penalty. Despite the positive legal resolution, XRP faced a sharp 9% drop in early August 2025 driven by heavy institutional selling and broader macroeconomic concerns such as global trade tensions. Technical indicators like RSI and MACD briefly signaled bearish momentum, with prices consolidating near the $2.70–$2.87 support range. Market sentiment was further shaken by a $246 million XRP transfer by Kraken, which sparked speculation about potential manipulation or large-scale profit-taking. Additionally, some whale and institutional investors have adopted a cautious or hedging stance, raising the risk of short-term volatility despite an improved long-term outlook.