After rallying to a 2025 high near $3.60 earlier this month, XRP price today has entered a consolidation phase, currently hovering around $3.15. The asset is stabilizing just above the 0.786 Fibonacci retracement level, with key support from the July breakout still holding. Traders are watching closely as momentum indicators cool and structural levels tighten.

What’s Happening With XRP’s Price?

XRP broke out of a long-standing descending triangle in early July, triggering a surge that lifted the token from $2.20 to $3.60 in under two weeks. Since then, price has pulled back and is now testing the $3.10–$3.15 demand zone. On the daily chart, the structure remains bullish, with XRP holding above previous resistance zones near $2.80 and $3.00.

The weekly Fibonacci retracement levels place $3.081 as the 0.786 marker, which has served as a pivot since July 25. This area is now functioning as a near-term magnet for price action. As long as XRP remains above this line, the broader trend bias remains intact.

Why Is XRP Price Going Down Today?

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