XRP NEWS AS OF AUG 3, 2025
- Sharp 9% drop in the past 24 hours XRP fell from around $3.02 to as low as $ 2.75 before a mild rebound to $ 2.282. The decline was driven by intensified institutional selling, with the volume more than doubling the daily average. Short term support emerged around $2.75-2.80 while resistance remains near $2.84.
- Mainstream endorsements: USA Today ( Via the motley fool) labeled XRP the smartest cryptocurrency to buy with $500 thanks to its utility strong fundamental and growing legal clarity. This media coverage has elevated XRP mainstream profile.
- Institutional traction & real world utility: Legal expert such as Bill Morgan argue that XRP is being integrated countering criticism about its lack of utility. Broader adoption is driving renewed investor interest.
- Supply detail renewed attention: An infographic by SBI holding highlighted that ripple holds a significant portion of the XRP supply 100 billion total issuance about 59.24 billion in circulation bringing scrutiny to token control and centralization.
XRP has once again defended level its $2.80 support level reigniting bullish hopes as traders eye possible breakout toward the psychological $3 resistance zone. The recent price action fresh momentum into the XRP market signaling a potential turning point amid a backdrop of improving sentiment Ripple ecosystem expansion ongoing SEC- related legal. Development as speculation mounts around $3 retest investor are asking could the spark that propels XRP into a new rally phase.
Technically XRP/USD is trading just above the ascending trendline support and remain in a bullish structure. A daily close above $3.00 could reignite bullish momentum with the next upside targets at $3.33 and potentially $3.43 levels that have acted as key resistance in recent price cycle. The bullish stance remains valid as long as XRP stays above the anchored VWAP and the $2,80 zone losing this support could trigger a retest of $2.60.
XRP PREDICTION
If the XRP price today breaks past the psychological $3 barrier with the volume support analysts expect momentum could carry XRP back toward its previous swing high of $3.66. A successful breakout could signal a renewed bullish cycle regulatory uncertainty surrounding Ripple and the XRP lawsuit. A $3 breach could also serve as aa technical confirmation that the fourth v sub wave of the border bullish structure is complete paving the way for a potential rally toward $4.64 in the coming weeks. This would mark a crucial turning point for the XRP prediction 2025 targets and possibly validate long term bullish XRP price prediction 2030 scenarios.