James Ding
Aug 30, 2025 11:13
XRP trades at $2.80 (-2.66% in 24h) despite positive SEC news. Technical indicators show mixed signals with RSI at 41.53 and price testing lower Bollinger Band support.
Quick Take
• XRP currently trading at $2.80 (-2.66% in 24h)
• XRP RSI at 41.53 suggests neutral momentum with potential oversold conditions developing
• Ripple’s SEC cross-appeal withdrawal provides regulatory clarity but price faces technical resistance
What’s Driving Ripple Price Today?
The most significant development for XRP price came yesterday when Ripple CEO Brad Garlinghouse announced the company’s withdrawal from its SEC cross-appeal, effectively signaling an end to the prolonged legal battle. This regulatory milestone initially provided a 3% boost to XRP price, demonstrating how sensitive the market remains to Ripple’s legal status.
However, despite this positive regulatory development, XRP price has retreated 2.66% in the past 24 hours, trading at $2.80. The pullback follows the earlier surge on August 23, when XRP price spiked 8.56% to test resistance near $3.10, driven by dovish Federal Reserve comments and a remarkable 500% increase in on-chain settlement volumes.
Ripple’s strategic partnerships continue to strengthen its ecosystem foundation. The collaboration with Japan’s SBI Holdings for RLUSD stablecoin distribution and joining TRM Labs’ Beacon Network for crypto crime prevention showcase Ripple’s commitment to institutional adoption, though these developments have had minimal immediate impact on XRP price action.
XRP Technical Analysis: Mixed Signals Emerge
Ripple technical analysis reveals a complex picture with conflicting indicators across different timeframes. XRP’s RSI at 41.53 sits in neutral territory but is approaching oversold levels, suggesting potential buying opportunities may emerge if momentum continues declining.
The MACD configuration presents bearish signals for XRP, with the main line at -0.0469 below the signal line at -0.0213, creating a negative histogram of -0.0257. This bearish momentum indicator suggests continued downward pressure on XRP price in the near term.
XRP’s position within the Bollinger Bands tells a compelling story. With the current price at $2.80 sitting near the lower band at $2.76 and the %B position at 0.0929, Ripple is testing crucial support levels. The middle band at $3.02 represents the 20-period simple moving average, which XRP price must reclaim to restore bullish momentum.
The Stochastic oscillator shows XRP in oversold territory with %K at 11.38 and %D at 24.22, indicating potential for a bounce if buying interest emerges. However, this must be confirmed by volume and broader market sentiment.
Ripple Price Levels: Key Support and Resistance
Based on Binance spot market data, XRP faces immediate resistance at $3.35, which aligns closely with recent rejection levels. The stronger resistance zone at $3.66 represents a significant hurdle that would need substantial volume to break.
On the downside, Ripple support levels are clearly defined. Immediate support at $2.76 coincides with the current lower Bollinger Band, making this a critical level for XRP bulls to defend. A break below could expose the stronger support at $2.66, representing a potential 5% decline from current levels.
The XRP/USDT trading pair shows the pivot point at $2.83, just above current prices, suggesting the market is at a decision point. Volume analysis from recent sessions indicates that any move above $2.85 could trigger short covering, while a break below $2.76 might accelerate selling pressure.
Moving averages paint a mixed picture for XRP price direction. While the 200-day SMA at $2.48 provides long-term support well below current levels, the shorter-term averages (7-day at $2.92, 20-day at $3.02, and 50-day at $3.09) all sit above current prices, creating overhead resistance.
Should You Buy XRP Now? Risk-Reward Analysis
For swing traders, the current XRP price setup offers an interesting risk-reward proposition. With Ripple support levels clearly defined at $2.76 and $2.66, traders can establish tight stop-losses while targeting the immediate resistance at $3.35 for a potential 20% gain.
Conservative investors might wait for a clear break above the 20-day moving average at $3.02 before establishing positions, as this would confirm that XRP price has reclaimed its short-term uptrend. The regulatory clarity from the SEC appeal withdrawal provides fundamental support for longer-term positions.
Day traders should focus on the $2.76-$2.85 range, as XRP price is likely to remain volatile within this zone. The daily ATR of $0.17 suggests sufficient volatility for intraday opportunities, particularly around the London and New York trading sessions when volume typically peaks.
Risk management remains crucial given XRP’s current technical setup. Position sizes should account for potential moves to the $2.66 support level, representing approximately 5% downside risk from current levels.
Conclusion
XRP price faces a critical juncture at $2.80, with technical indicators suggesting continued near-term pressure despite positive regulatory developments. The next 24-48 hours will likely determine whether Ripple can hold the $2.76 support level or if further weakness toward $2.66 is in store. Traders should monitor volume closely, as any significant increase could signal the beginning of the next directional move for XRP price.
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