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XRP is currently testing a critical trendline near $3.13 after dipping below $3.00. A close above $3.15 could signal a bullish reversal, while failure to hold could lead to further declines.
XRP is testing its old trendline at $3.13 after slipping below it for the first time in weeks.
Closing above $3.15 on the 4H chart could give bulls the upper hand again.
Long wicks around key levels show intense battles between buyers and sellers.
Stay updated on XRP’s price movements and potential ETF news that could impact the market. Join the conversation on en.coinotag.com!
What is XRP’s Current Price Trend?
XRP is currently retesting a crucial trendline at $3.13 after a recent dip below $3.00. This trendline has historically acted as a support level, and its current status will determine the next price movement for XRP.
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How Does XRP’s Trendline Impact Its Price?
According to charts shared on X by cryptoesta, XRP’s 4-hour structure shows a sharp breakdown below an ascending trendline that has held since mid-July. Price fell to around $2.95 before rebounding toward $3.13, now sitting just above the former support. This movement forms a classic breakdown-retest scenario, where the reclaimed trendline could act as resistance.
#XRP Trying to reclaim the black diagonal | A 4H close above would be bullish 📈
Earlier, the same trendline had guided XRP higher from $2.60 to $3.60. Multiple bounces confirmed its importance. The August 13 breakdown marked the first decisive close beneath it in weeks, signaling a structural shift. Holding above $3.15 could turn the short-term bearish trend around, but if the price can’t stay above it, the selling pressure may keep pushing it lower.
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What Are the Larger Cycle Structures for XRP?
Crypto market watcher Steph_iscrypto on X highlighted XRP’s longer-term daily pattern, moving through clear accumulation, breakout, and re-accumulation phases. Between May and October 2024, prices held between $0.40 and $0.60 before surging past $1.70. A consolidation zone between $1.70 and $3.50 followed, ending with a breakout above $3.50 in late July 2025.
Source: StephisCrypto Via X
The projected blow-off top zone begins above $4.00, extending to $24.00. Price currently trades near $3.80, suggesting it is still in the early stages of the next phase if historical structure holds.
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Market Volatility Adds to Uncertainty
Broader market data from August 9 to 15 shows capitalization swings of nearly $20B, with repeated lower highs and sharp intraday moves. The largest drop occurred on August 14, when values fell from $195B to below $180B in hours.
Despite volatility, XRP-specific sentiment is being boosted by Ripple CEO Brad Garlinghouse’s statement that an XRP Spot ETF could be approved by October 2025. Traders now watch whether ETF news and current technical setups can align to trigger the next significant rally.
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Frequently Asked Questions
What is the significance of the $3.13 trendline for XRP?
The $3.13 trendline is crucial for XRP as it has historically acted as a support level. A close above this level could indicate a bullish reversal.
Will XRP’s price rise if the ETF is approved?
If the XRP Spot ETF is approved, it could significantly boost XRP’s price due to increased investor interest and market confidence.
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Key Takeaways
Trendline Importance: The $3.13 trendline is pivotal for XRP’s next price movement.
Market Volatility: Recent swings in market capitalization highlight the current uncertainty.
ETF Potential: Approval of an XRP Spot ETF could trigger a significant price rally.
Conclusion
XRP’s price is at a critical juncture, testing the $3.13 trendline after a dip below $3.00. With potential ETF news on the horizon, traders are closely monitoring market conditions for a possible bullish reversal.
