XRP (XRP) Price Prediction: Bulls Fight Fiercely to Break $3—Will the Rally Hold?

XRP's battleground shifts to $3 as bulls dig in for a brutal fight. The psychological resistance level isn’t surrendering without a war—so what’s the next move?

Market momentum or dead cat bounce? Traders split as XRP tests key resistance. The $3 level isn’t just a number—it’s a make-or-break zone for the embattled crypto.

Technical indicators flash mixed signals. RSI teeters near overbought, while volume hints at shaky conviction. Classic crypto: equal parts hope and hubris.

If resistance cracks, prepare for a liquidity grab toward all-time highs. Fail? Another 'buy the dip' narrative for bagholders. Wall Street would charge a 2% management fee for this volatility.

TLDR

• XRP dropped 13.6% since late July, falling back below the key $3 psychological level
• Strong selling pressure peaked on July 23rd with investors moving tokens to exchanges
• Technical indicators show bearish momentum with the token currently trading around $2.89
• Support level at $2.6 could provide a bounce opportunity for buyers
• MVRV-Z score remains below historical peaks, suggesting room for long-term growth

XRP has faced intense selling pressure in recent days as the broader crypto market experienced a downturn. The token dropped 13.6% since Monday, July 28th, falling back below the critical $3 psychological level.

The decline came as Bitcoin retreated from the $119.8k mark, losing 5% during the same period. XRP’s performance has been weaker than Bitcoin, showing the heightened selling pressure on the token.

The $3 level has become a key resistance point for XRP. This barrier previously stalled the bulls earlier in July and now acts as renewed resistance after the recent breakdown.

Technical analysis shows that momentum has cooled for XRP. The Accumulation/Distribution line slopes downward, indicating increased selling volume over the past week.

The Awesome Oscillator also highlights bearish momentum. The Directional Movement Index reinforces this picture with both the -DI and ADX hovering above 20.

These indicators confirm that the market remains in a strong downtrend. With the structure still bearish, XRP could dip further before buyers regain confidence.

Key Support Level Ahead

Analysts are watching the $2.6 level closely as a potential support zone. This level overlaps with a Fair Value Gap and coincides with former range highs on the daily chart.

The zone could serve as a likely short-term target if selling continues. XRP currently trades around $2.89 after recovering from an earlier dip to $2.75.

Support NEAR $2.85 has remained strong so far. Many analysts are monitoring this level to see if it holds under pressure.

If the $2.85 support breaks, XRP could face more downside before attempting another MOVE higher. A hold at this level could provide a base for the next upward push.

Exchange data shows that XRP investors moved tokens to exchanges in unprecedented numbers. This activity peaked on July 23rd, reflecting intense selling pressure at the time.

The Percent Supply in Profit was above 90% during the peak selling period. This high profitability helped explain the increased selling activity.

Since then, the exchange net position change has dampened but remained positive at press time. The worst of the selling pressure might be behind the token.

XRP Price Prediction

Traders are focusing on the $3.12 level as the next key resistance. Analysts say closing above this level is important for XRP to regain momentum.

Without breaking through $3.12, another downward wick could appear. This could shake out more traders and create additional selling pressure.

Market makers often use such moves to take advantage of fear from less experienced traders. The sharp wick on the two-month chart drew strong reactions online.

Some traders viewed the dip as a sign of weakness. Others saw it as part of a wider trend that is still forming.

The MVRV-Z score remains well below historical peak levels despite the July rally past $3. This suggests that XRP is not extremely overvalued at current prices.

This metric opens the door for further long-term upside potential. If XRP revisits the $2.6 level, it may offer a strong entry point for longer-term investors.

XRP faces continued pressure as it trades below the $3 level with technical indicators showing bearish momentum and the next key resistance at $3.12.