NewsBTC
Aug 5, 2025
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XRP Price Faces Resistance Near $3.10 After Recent Gains

XRP Price Update

  • XRP price is increasing above the $3.00 zone.
  • Current trading price is above $2.980 and the 100-hourly Simple Moving Average.
  • A bullish trend line broke below support at $3.065 on the hourly chart of the XRP/USD pair.
  • Price may rise if it stays above the $2.920 level.

XRP Resistance Levels

XRP surpassed resistance levels at $2.920 and $2.950, reaching a high of $3.106 before facing resistance around $3.10. Key points include:

  • Trading above the 23.6% Fib retracement level from $2.730 to $3.106.
  • Potential resistance at $3.120; clearing this could lead to $3.150 and $3.20 levels.
  • Next significant hurdle is near $3.250.

Downside Risks

If XRP does not overcome the $3.10 resistance, it may decline:

  • Initial support at $3.00; major support near $2.950.
  • A close below $2.950 could lead to further declines toward $2.920 and $2.880.

Technical Indicators

  • MACD for XRP/USD is losing bullish momentum.
  • RSI for XRP/USD remains above 50.
  • Major support levels are at $3.00 and $2.920.
  • Major resistance levels are at $3.10 and $3.120.

XRP Price