Market Overview
XRP is currently trading around $2.95, down about 0.6–2.4% in the past 24 hours, depending on the sourceNewsNow+15CoinMarketCap+15The Economic Times+15.
It has rallied nearly 35–45% in July, hitting a recent high of $3.60 before settling around $3.00–$3.05TradingViewIndiatimesCrypto
Market cap is approximately $173–$178 billion, ranking XRP as the third-largest cryptocurrency by market capitalization
Price Drivers & Technical Outlook
Legal catalyst: A critical update in the Ripple vs. SEC case is due on August 15, 2025. A favorable outcome may authorize wider institutional XRP adoption and potentially trigger spot XRP ETFs Crypto Basic+5Brave New Coin+5TradingView+5.
Market sentiment: Optimism around a dovish Fed rate cut in September is buoying cryptocurrencies, encouraging risk-on positioning across the board Barron's+1.
Whale activity: Significant accumulation by large holders (~$60M plus) has added to bullish momentum, though some on-chain data indicates profit-taking among smart money TradingView+1.
Technical indicators:
Support level: $3.00, with secondary support around $2.60–$2.83.Resistance: Recent highs of $3.60–$3.84; next breakout targets could be $4.00–$5.50, or even higher under bullish scenarios .
Patterns: Analysts note a repeating fractal structure that previously preceded a ~70% rally in early 2025, hinting at similar upside potential
