- XRP has recovered from the $2.80 support, currently exchanging around $3.004, with upward objectives at $3.65 and $4.00
- A breakout above the key $3.23 resistance level is needed to maintain bullish momentum as increasing BTC dominance pressure mounts.
- RSI suggests oversold levels; the downside risks are $2.90, $2.70, and $2.45.
XRP has also seen aggressive price swings lately, causing mixed reactions throughout the market. The asset crested above $3.60 back in July but has now seen a correction take it below the $3.00 price level. The slide has created bearish momentum but also presented a fresh entry point for buyers.
On August 1, XRP recovered from as low as $2.80 and gradually moved up to $2.95. The upswing indicated buyer demand remains present around prime levels of support. The price, at the moment, remains at around $3.004, and traders remain optimistic of yet another rally in the wake of the wider crypto market’s volatility.
Also Read: XRP Surpasses Ethereum in Coinbase Q2 2025 Revenue with 13% Trading Share
According to Crypto Analyst CRYPTOWZRD, a known technical analyst, $2.80 is a significant daily support level. If Ripple hold this level and recapture $3.23, the next upside targets are at $3.65 and possibly $4.00. A large move through resistance could trigger an extended rally throughout August.
Breakout Above $3.23 Critical for Bulls
CRYPTOWZRD’s latest update shows XRP’s daily candle closed bearish, highlighting weakness amid rising BTC dominance (BTC.D). While Bitcoin pulled back slightly, BTC.D climbed, putting pressure on altcoin pairs, including XRPBTC.
XRPBTC’s indecisive close indicates there could be a pivot if dominance for Bitcoin starts slipping. In this case, Ripple may break local resistance levels and resume momentum.
The primary support is $2.80, and a reversal from here could send Ripple up to $3.65 or subsequent levels in the days ahead. The analyst emphasized that Ripple is also below the intraday support of $3.02. A breakout above $3.23 is necessary for bullish continuation.
XRP Set to Reach Targets of $3.50–$4.00
Technical indicators also show XRP could be on the verge of bouncing. The 4-hour RSI is at 31, an oversold territory. The daily RSI, meanwhile, remains at 48, an equable level making both upward and downward movement possible pending the next significant breakout.
Fibonacci retracement levels indicate Ripple continues to be in a normal pullback phase following the rally from $2.00 to $3.60 in July. A clear move above $3.30 may reaffirm renewed strength. Important upside targets are $3.50, $3.60, and finally $4.00, should positive volume return.
If XRP fails to hold the $2.90 support zone, lower targets draw nearer to $2.70 or as low as $2.45. The levels match up with the 200-day moving average and long-term trendline support.
Also Read: Will XRP Break History Tonight? $3.03 Close Could Signal New Rally
