Struggling to Maintain $3: Crucial XRP Price Thresholds under Scrutiny
In the dynamic world of cryptocurrencies, XRP is making headlines with a growing institutional alignment and a bullish outlook for the near term. Despite the broader market trading in red, XRP has shown resilience and potential for significant price surges.
The past few days have seen XRP reclaiming important resistance levels, with a recent high of $3.01, and even surpassing its yearly high of around $3.66 in July 2025. This price action has fueled optimism about a potential breakout to much higher prices in August 2025 and beyond.
Key forecasts suggest that XRP could surge to between $6 and $8 in August 2025, representing a potential doubling or more of its recent price. This bullish momentum is driven by technical momentum and improved investor confidence following favorable news in Ripple’s SEC legal case.
Crypto strategist Tony Severino projects an Elliott Wave-driven move up to $13 in about 40 days if bullish momentum continues, with intermediate targets between $4 and $6 along the way. However, these higher marks, such as $100 or even $1,000, require extraordinary gains and remain more speculative.
The technical support for XRP has been strong near the $3 level, with the recent rally of over 65% in July after briefly dipping indicating strong buying interest at these support zones. The price structure and Elliott Wave setup imply that if XRP maintains its momentum and broader crypto markets remain favorable, it may be entering a significant bullish phase.
The XRP Ledger now boasts 7 million total accounts, according to crypto data platform Dune, and daily signups have consistently exceeded 20,000. This growth in user base, coupled with the positive developments in Ripple’s legal status, adds to the bullish outlook for XRP.
In terms of resistance, near-term resistance is anticipated at $3.02-$3.05. The $2.94 support level held strong in intraday testing in the early Saturday session.
The price of XRP, currently the third-largest cryptocurrency by market capitalization, is trading at $2.97, up 1.77% in the last 24 hours. Notable figures, such as Maxwell Stein, Director of Digital Assets at BlackRock, have indicated participation at Ripple's Swell 2025 conference, further signaling institutional interest in XRP.
It's important to note that the opinions expressed in this article do not represent the views of U.Today. The financial and market information provided is for informational purposes only and should not be used for making investment decisions without conducting further research and consulting financial experts.
XRP traders and long-term holders are on alert for crucial support levels that could dictate its next major move. With the short-to-medium-term bullish outlook, potential multi-fold gains from current prices are within reach, pending continuation of positive technical signals and Ripple’s regulatory progress.
Sources: 1. CoinGlass 2. CoinMarketCap 3. Tony Severino 4. U.Today
- The bullish sentiment in the crypto market has extended to XRP, a decentralized digital asset, as it continues to reclaim resistance levels and gain institutional interest.
- The market capitalization of XRP, currently the third-largest in the crypto space, has seen a surge, possibly setting the stage for potential price surges predicted by analysts such as Tony Severino.
- As XRP trading gains traction, investors are keeping a close eye on crucial support levels, with potential multi-fold gains on the horizon, contingent upon continued positive technical signals and regulatory progress.
- In the current finance landscape, XRP's growth and trading patterns, particularly its ability to surpass yearly highs, signal a decentralized market with increasing investment opportunities in tokens like XRP.
