XRP’s Crucial Battle at $3.50: Double Top Threatens Bullish Momentum
XRP is currently facing a pivotal moment as it tests the $3.50 resistance level, with analysts closely watching for a potential double top formation that could signal a bearish reversal. Despite a strong rally from below $2.30 to highs above $3.50, the cryptocurrency's upward momentum is now under scrutiny. A failed breakout at $3.50 WOULD complete the second peak of the double top pattern, potentially leading to a pullback toward the 50-day EMA near $2.60. Technical indicators present mixed signals, with the RSI at 75 suggesting overbought conditions. As of July 2025, market participants are weighing the possibility of a correction against XRP's recent bullish performance, making this a critical juncture for the digital asset.
XRP Faces Critical Test at $3.50 Resistance Amid Double Top Concerns
XRP's recent surge from below $2.30 to highs above $3.50 has market participants scrutinizing a potential double top formation. The pattern, if confirmed, could signal a bearish reversal despite the token's strong upward momentum. A failed breakout at $3.50 would complete the second peak, potentially triggering a pullback toward the 50-day EMA NEAR $2.60.
Technical indicators flash mixed signals. While the RSI at 75 reflects robust buying pressure, declining trading volume during the latest rally suggests weakening participation. Traders are treating the $3.00-$3.10 zone as a make-or-break level—a breakdown here would validate the bearish pattern, whereas a decisive close above $3.50 could propel prices higher.
The price action unfolds against a backdrop of heightened volatility across crypto markets, with Ethereum's rally and Bitcoin's resistance battles competing for trader attention. XRP's next move at this key technical juncture will likely determine its medium-term trajectory.
Countdown To August 15: What XRP Investors Need To Know
XRP investors are bracing for a pivotal moment on August 15, 2025, as legal, geopolitical, and financial timelines converge. The date marks a court-mandated deadline for Ripple and the SEC to submit a joint status update on their appeal of Judge Torres’s landmark 2023 ruling, which deemed XRP not a security in programmatic sales. Market sentiment remains bullish following July’s 20% rally, with speculation mounting over a potential settlement.
Simultaneously, the BRICS Road Rally in Kazan from August 9–15 could accelerate discussions about a shared digital currency, adding macroeconomic weight to XRP’s narrative. Ripple’s planned stablecoin rollout further compounds the significance of mid-August—a period that may redefine the token’s role in both regulatory and global finance landscapes.
Analyst Warns Against Premature XRP Dip Buying Amid Key Support Test
XRP faces a critical juncture as its price teeters near the $3.15 support level, down 15% from its July 18 peak of $3.65. Market analyst Ali Martinez suggests the current retracement may deepen, with a drop below $3.15 likely triggering a retest of the psychologically significant $3 threshold.
Whale activity has provided temporary stability, with large investors scooping up 130 million tokens during last Friday's dip. However, sustained selling pressure persists—exemplified by a reported $140 million sell-off from a Ripple co-founder—keeping bullish momentum in check.
The market watches for confirmation of either a breakdown or rebound at current levels. Martinez posits that a clean test of $3 support could present the optimal buy-the-dip scenario, offering stronger technical footing than the current precarious consolidation.
XRP Price Shows Some Weakness – Is a Deeper Pullback on the Cards?
XRP price has begun a downside correction, slipping below the $3.250 support level. The cryptocurrency is now consolidating, with potential for further declines toward $3.050. A break below this level could signal deeper losses.
The recent pullback mirrors broader market trends, with Bitcoin and ethereum also showing weakness. XRP's drop below the 50% Fibonacci retracement level of its recent rally from $3.004 to $3.330 suggests weakening momentum. The breach of a key bullish trend line at $3.240 adds to the bearish technical picture.
Immediate resistance now stands near $3.168, followed by more significant barriers at $3.220 and $3.250. A decisive MOVE above $3.220 could reignite bullish momentum, potentially pushing XRP toward $3.330-$3.350. The $3.40 level remains the next major hurdle for any sustained upward move.
XRP Dips 10% Ahead of FOMC Meeting Amid Market Caution
Ripple's XRP has slumped 10.2% this week as traders brace for potential Fed hawkishness at today's FOMC meeting. The sixth-largest cryptocurrency now trades at key support levels after paring its 417% annual gains.
Market volatility is expected as the CME FedWatch Tool shows a 96.9% probability of unchanged rates. A status quo decision could trigger further outflows from risk assets like XRP, while unexpected dovish signals from Chair Powell might revive bullish momentum across digital asset markets.
Political pressure adds intrigue - former President Trump's repeated calls for rate cuts create asymmetric upside potential should the Fed pivot earlier than anticipated. The coming hours will test whether XRP's recent 43.8% monthly surge reflects sustainable institutional adoption or speculative froth.
Ripple (XRP) Tests Key Support Level Amid Bearish Momentum
XRP has retreated to the $3 support level following a sharp pullback from its recent all-time high above $3.6. The cryptocurrency's downward trajectory is underscored by bearish momentum on daily charts, with sellers dominating recent volume activity.
Technical indicators paint a cautious picture. The daily MACD's bearish crossover last Friday accelerated the decline, with no immediate signs of reversal. However, dwindling sell volume at current levels suggests weakening bearish conviction.
Market participants are watching the $3 level closely. A successful defense of this support could provide a springboard for renewed bullish momentum, while a breakdown may trigger further downside.
