- XRP holds steady at $3.00, showing resilience amid market anticipation for Ripple’s next moves.
- Analysts highlight key support at $2.97 and potential breakout toward $3.12 if bullish momentum continues.
- Technical indicators (21-day EMA $2.957, 100-day EMA $2.912) suggest limited upside until momentum strengthens.
XRP has continued to capture attention in the crypto market, showing signs of stability while anticipation builds around Ripple’s upcoming moves and broader shifts in the digital asset space. Analysts point to both fundamental developments and technical patterns that could shape the token’s next breakout.
At the time of writing, XRP is trading at $ 3.00 with a 24-hour trading volume of $ 6.49 billion and a market cap of $ 178.67 billion. The price of the token increased by 1.08% in the last 24 hours.
XRP Gains Strength Ahead of Altcoin Season
XRP enthusiasts were buoyed by recent market speculation. Prominent crypto analyst Good Morning Crypto pointed out Ripple’s growing strength through new strategic deals, upcoming United States policy shifts supportive of digital currencies, and the possibility of a historic altcoin season.
XRP Holds $2.97 Support, Eyes $3.12 Breakout
Technically, the well-known crypto analyst EGREG CRYPTO explained that XRP is still within a bullish setup for as long as it is above $2.97. He further explained that the setup can see the price reach $3.12, with more potential upside if the momentum is sustained.
Technical indicators also provide support points for the token. The 21-day EMA is currently at $2.957, and the 100-day EMA at $2.912. In the event both of them break, the first retest point that the token must support for it to maintain the bullish bias is $2.85.
The token continues to possess the capacity for rebounding within the vast price spectrum it has been experiencing. Commentators expect it to breach the top of its rising triangle formation, which will form the basis for its subsequent huge upswing.
Also Read | XRP Price Set for Powerful Rally: $4.50 Target Comes Into Play
XRP Shows Signs of Weak Momentum
The Relative Strength Index (RSI) is showing a mixed signal. The latest RSI reading of 43.43 is below its signal line of 44.33, showing weak bearish pressure. The prior RSI readings of 54.66 and 46.04 showed strength, but the latest drop confirms buyers are running out of steam.
The MACD line is currently at -0.06322, lower than the signal line at -0.05419, and the histogram is negative at -0.00903. That implies weak momentum and little upside potential at the moment. The token may not be able to register significant bullish movements until the MACD crosses above the signal line.
Also Read | XRP Stages a Strong Comeback: Will September Outshine August 2025?
