$XRP Here is a comprehensive and technical analysis of XRP as of August 9, 2025, with clear trading recommendations:
Current Technical Situation
XRP has seen a strong rise of 10% in the last 24 hours after the legal dispute between Ripple and the SEC came to a halt, bouncing from around $3.20 to nearly $3.29, with heavy trading indicating notable institutional activity.
Open Interest has stabilized at high levels, enhancing the likelihood of the current trend continuing.
Technical Movements and Support/Resistance Areas
The price managed to break through a descending channel and the first resistance areas at $3.20 – $3.28, which have now become strong support zones.
On the four-hour chart, the moving averages (EMA20 ≈ $3.09, EMA50 ≈ $3.05, EMA100 ≈ $2.94) have shown a positive convergence supporting the continuation of upward momentum.
Immediate resistance lies between $3.31 – $3.33, and a real break of this could open the way towards $3.50 – $3.60 and beyond.
Expected Scenarios
ScenarioTechnical ConditionsPrice ExpectationsBullishClosing above $3.33Next target at $3.50 – $3.60SidewaysTrading between $3.20 – $3.33Waiting for a clear technical breakoutBearishBreaking $3.20DownwardRetracement towards $3.00 or even $2.80
Supporting Fundamental Factors
The end of the legal dispute between Ripple and the SEC has boosted investor confidence and opened avenues for new strategic relationships, positively impacting the price.
