NewsBTC
28 August 2025
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XRP Price Holds Above $2.920 Support, Consolidates Below $3.080 Resistance

XRP price is currently consolidating above the $2.920 support zone, with potential to break above the $3.050 resistance level.

  • XRP displays bearish signals below the $3.080 resistance.
  • Current trading near $2.980 aligns with the 100-hourly Simple Moving Average.
  • A break occurred below a contracting triangle with support at $3.020 on the XRP/USD hourly chart.
  • Continued decline is possible if prices remain under $3.10.

XRP Price Consolidation

The price corrected downward from $3.0850, similar to trends observed in Bitcoin and Ethereum. It fell below the $3.050 and $3.000 levels.

A dip occurred under the 23.6% Fib retracement level of the upward move from $2.824 to $3.080. Support was found around $2.950 as bulls protect the 50% Fib retracement level. Current trading is near $2.980.

XRP Price

Resistance levels are set at $3.020 and $3.080. A breakthrough above $3.080 could lead to targets of $3.120 and $3.150, with potential upside reaching $3.20.

Possible Decline

Failure to surpass the $3.080 resistance may trigger a decline. Initial support lies at $2.950, followed by $2.9220.

A close below $2.9220 could lead prices toward $2.840, with further support at $2.780, which may increase bearish pressures.

Technical indicators show:

  • Hourly MACD losing momentum in bearish territory.
  • Hourly RSI below the 50 level.
  • Major support levels at $2.920 and $2.840.
  • Major resistance levels at $3.080 and $3.120.