XRP has slipped nearly 7%, breaking under the $3.00 psychological mark and currently consolidating between $2.90 and $3.10. Immediate support sits at $2.90, while resistance is layered around $3.08–$3.10. A downside break could expose $2.75–$2.80, while a rebound above $3.10 would refocus upside targets toward $3.35–$3.55.
Fundamental Factors Affecting XRP
The SEC’s postponement of the XRP spot ETF decision to October 2025 has injected uncertainty into the market, limiting bullish momentum. On the positive side, XRP continues to enjoy strong institutional inflows exceeding $1B YTD, underpinned by its established utility in cross-border payments and the pivotal non-security legal classification. Meanwhile, broader US macro risks—notably hotter inflation data dampening Fed rate-cut hopes—weigh crypto risk assets.
1. Price Structure & Technical Risk
XRP has slid nearly 7%, dipping below the $3 psychological threshold as markets brace for the Jackson Hole speech and digest hotter US inflation data that dampened Fed rate-cut expectations. The pair trades within a tight range of ~$2.90–$3.10. Support lies at $2.90, while overhead resistance rests at $3.08–$3.10.
2. Regulatory Delay & Catalysts Ahead
The SEC has pushed back its XRP spot ETF decision to October 2025, introducing more uncertainty and pressuring the token below $3. A constructive outcome—ETF approval or regulatory clarity—could fuel a strong rally toward the $3.55 zone.
3. Institutional Momentum & Utility Appeal
XRP’s institutional appeal remains strong. In 2025, it attracted over $1B in inflows, supported by its utility in cross-border payments and a landmark regulatory ruling cementing its non-security status.
XRPUSD H3 Timeframe
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On this XRPUSD H3 chart:
Price previously broke out of a falling wedge formation, sparking a strong bullish rally that reached the 0.0% Fibonacci level near 3.42. However, sellers regained control, lowering the pair through successive retracement levels.
XRPUSD is hovering around the 76.4% retracement zone near 2.89, testing the lower support boundary. The pair has also tapped into a demand area overlapping with the wedge breakout origin, making this a potential turning point for a bullish rebound.
Key confluences supporting a bullish outlook:
- The 76.4% Fib retracement coincides with a demand zone around 2.88–2.82.
- The falling wedge pattern’s lower boundary aligns with the current support area.
- A sharp, impulsive rally previously originated from this zone, showing strong buyer interest.
- The black arrow projection indicates a potential bullish reversal targeting higher retracements.
Direction: Bullish
Target- 3.38410
Invalidation- 2.63900
CONCLUSION
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