XRP Battles Critical $3.04 Resistance Wall as RSI Hovers Neutral and MACD Flips Signal

XRP's momentum hits a major inflection point at the $3.04 price barrier—a level that's separating hopeful bulls from skeptical traders.

RSI Stuck in No-Man's Land

The Relative Strength Index isn't showing strong bullish or bearish bias, hovering near neutral territory. Traders are watching for a decisive break—one way or another.

MACD Shifts Direction

The Moving Average Convergence Divergence indicator just flipped, suggesting changing momentum beneath the surface. It’s not screaming 'buy' or 'sell'—yet.

Market sentiment remains split. Some see consolidation before another leg up; others smell a classic 'fakeout before the shakeout.' Either way, it’s a textbook reminder: in crypto, even the clearest signals come with a side of speculation.

News Background

• XRP extended its late-August advance, climbing nearly 9% on the week while trading tightly around the $3.00 psychological level.
• Gemini launched an XRP-rewards Mastercard with WebBank, offering up to 4% cashback in XRP. The release pushed Gemini ahead of Coinbase in U.S. iOS app rankings.
• Institutional flows into XRP-linked products reached an estimated $25 million daily, adding depth to the market backdrop.
• Analysts continue to monitor breakout setups, with longer-term technical targets cited near $27 if the current compression phase resolves upward.

Price Action Summary

• Across the 24-hour session ending August 27 at 04:00 GMT, XRP traded in a $0.09 band between $2.95 and $3.05, closing at $2.98 for a 1.3% intraday decline.
• The heaviest activity came at 20:00 GMT, when volumes surged to 273.15 million — more than 4x the 62.47 million daily average — as XRP briefly touched $3.05 before sellers capped the move.
• In the final hour (03:04–04:03 GMT), XRP consolidated within a $0.11 range from $2.97–$3.08, with repeated tests of $2.975 support holding firm.
• Volume spikes of 1.31M at 03:59 and 1.19M at 03:07 GMT coincided with short-lived rallies toward $2.99 resistance.

Technical Analysis

• Support: $2.975–$2.98 remains the key psychological floor after multiple successful defenses.
• Resistance: $3.02–$3.04 continues to cap upside attempts amid heavy sell pressure.
• Momentum: RSI steady in mid-50s reflects neutral bias; MACD histogram converging toward potential bullish crossover.
• Volume: 273M peak turnover underscores institutional presence but also highlights strong profit-taking at resistance.
• Patterns: Ongoing consolidation near $3.00 suggests a base-building phase, with potential continuation if resistance at $3.04 breaks.

What Traders Are Watching

• Bulls target $3.20 if the $3.02–$3.04 resistance band is cleared.
• Bears highlight $2.96 as the first downside trigger, with $2.94 as the next level below.
• Market desks are watching whether Gemini’s Mastercard launch drives incremental retail flows into XRP.
• Institutional inflows above $25M daily remain critical for sustaining momentum.