Despite the latest pullback, market analysts remain focused on the $2.80–$2.76 zone as a crucial level for Ripple’s token. A successful defense could pave the way for a rebound toward $3.00 and beyond, keeping optimism alive heading into September.
On August 29, 2025, the price of XRP today dropped by 5.35% to trade near $2.82, according to Brave New Coin. The decline coincided with a broader market correction that dragged down 95 of the top 100 cryptocurrencies.
XRP was trading at around $2.82, down 5.35% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Weekly performance still shows resilience, with XRP up over 3%, though the monthly chart reflects nearly a 6% pullback. The XRP coin price currently holds a market capitalization of around $178 billion, while daily trading volume surged nearly 79% to $6.7 billion, signaling strong investor engagement despite the downturn.
From a technical perspective, XRP remains locked within a tightening symmetrical triangle. Sellers continue to cap rallies near the $3.05–$3.10 range, while buyers defend support around $2.85–$2.88. This compression is building toward a decisive breakout.
XRPUSDT eyes bullish continuation after retesting $3.26, with strong support at $2.80. Source: HolderStat on TradingView
“XRP needs a close above $3.10 to escape compression,” noted market analysts, warning that continued stalling could draw sellers back to the $2.80 level. Momentum indicators echo this cautious tone—RSI has slipped to 40, signaling bearish pressure without reaching oversold levels, while MACD remains flat.
If XRP breaks below $2.85, analysts see potential downside toward $2.76 and even $2.60, where long-term moving averages could provide stronger support. Conversely, a rebound from current levels could quickly retest $3.10, with upside targets at $3.20 and $3.50.
On-chain flows suggest a tilt toward bearish sentiment. Data from Coinglass shows net exchange outflows of nearly $49.3 million on August 29, extending a multi-week trend of distribution. This contrasts with earlier accumulation phases that had briefly supported XRP above $3.30.
Adding to the selling pressure, Ripple co-founder Chris Larsen reportedly transferred 50 million XRP—worth roughly $140 million—sparking algorithmic selling. Such large movements often weigh on short-term sentiment, though institutional demand and trading volume remain robust.
While short-term indicators lean bearish, Ripple Labs continues to strengthen long-term confidence in XRP. The resolution of the Ripple vs SEC lawsuit, which confirmed that XRP sales on public exchanges are not securities and imposed a reduced $50 million penalty, has removed one of the largest regulatory overhangs.
This clarity has boosted optimism around future products, including a possible spot XRP ETF, with analysts estimating an approval probability above 80% by year-end. Ripple’s cross-chain partnership with Cardano also supports bullish narratives, with the collaboration expected to enhance interoperability and drive institutional adoption.
In the immediate term, the XRP price prediction hinges on defending the $2.80–$2.76 cluster. Holding this zone could trigger a rebound toward $3.00, keeping bullish momentum alive into September. Failure to do so, however, risks exposing XRP to deeper retracements around $2.60.
XRP in 5th wave—weekly bull flag signals potential surge to $5.50 after resistance breakout. Source: BitcoinGalaxy on TradingView
Looking further ahead, analysts remain constructive. The XRP price prediction 2025 ranges between $3.50 and $5.00 if institutional adoption accelerates, while the XRP price prediction 2030 envisions significantly higher valuations as Ripple’s payment infrastructure expands globally.
The XRP news today underscores a market caught between technical compression and strong fundamentals. Short-term caution persists as traders watch the $2.80 support zone, but regulatory clarity, institutional adoption, and ETF prospects provide long-term optimism.
For now, all eyes remain on whether bulls can defend $2.80 before attempting another push toward $3.00—a move that could set the tone for XRP’s September performance.
