XRP’s recent downturn has rattled traders as the token slips below the $3 threshold, raising questions over whether bulls can defend key support before mounting a fresh recovery.

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.

XRP Price Performance and Market Context

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.

Technical Outlook: $2.80 Support in Focus

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 Data and Whale Activity

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.

Ripple’s Regulatory Clarity and Institutional Drivers

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.

XRP Price Prediction: Short-Term and Long-Term Scenarios

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.

Final Thought

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.