Category: Crypto News, News
XRP Slides 4.44% as Sellers Control Key Resistance Amid Bearish Indicators
XRP remains trapped in a bearish trend as of August 3, 2025, with sellers maintaining control over key resistance levels. The token traded at $2.83, down 4.44% in 24 hours, with a 14-period RSI of 41.23 and MACD in negative territory, both confirming sustained selling pressure. The price is below its 30-day exponential moving average and a descending trendline, reinforcing the downtrend. A recent bounce from $2.77 offered temporary relief but has not altered the broader bearish bias [1].
Technical indicators on the hourly chart continue to signal a bearish outlook. ADX at 40.20 shows strong trend strength in the downward direction, while the ROC at -1.936 highlights negative momentum. The RSI and MACD suggest continued bearish momentum, with no clear signs of a reversal [1].
Analysts have outlined three potential scenarios for XRP. In a bullish case, a breakout above $3.00 with strong volume could push the price toward $3.20–$3.30. However, this scenario depends on increased buying pressure, which has been lacking so far. A neutral outlook assumes consolidation between $2.80 and $3.00 while traders wait for a catalyst. In the bearish scenario, a breakdown below $2.77 could lead to further declines toward $2.50–$2.40 [1].
On the fundamental side, whale activity has been bearish. Large holders sold over 710 million XRP in the past 24 hours, reducing their total holdings to 8.02 billion from over 10 billion since mid-July. This mass distribution followed a peak near $3.50 and has coincided with the recent price decline, suggesting profit-taking and lack of long-term buying interest [4].
Some analysts remain cautiously optimistic. A Unilabs expert raised the August price target to $5, citing increased trading volume and whale activity as potential catalysts [5]. Bitget predicts a more moderate trajectory, forecasting XRP to reach $3.28 in August 2025 and $3.35 by January 2026 [6]. Meanwhile, CryptoInsightUK suggests a breakout above $3.97 could open the door to a $4.66 move, with a long-term target of $12 [7].
The broader market has also played a role in XRP’s performance. On August 2, 2025, XRP mirrored the crypto market’s downturn, dropping 10.2% before stabilizing around $2.98. Analysts suggest this correction may be subsiding, but short-term direction remains dependent on macroeconomic conditions and regulatory developments [8].
Looking ahead, the critical level for XRP is its ability to maintain above $3.00. A sustained breakout could trigger a bullish technical pattern similar to the one that preceded its 400% rally in 2024, potentially leading toward the $12 price level [9]. However, a breakdown below $3.00 could send the price toward $2.65, with further downside risk in a broader bearish market [10].
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