XRP News Today: XRP at Crossroads: $2.76 Support Could Decide Next Major Move

XRP is currently testing the critical $2.76 support level, a focal point for traders and analysts assessing whether the token will continue its consolidation or break into a new trend. As of August 29, 2025, XRP traded near $2.82, having dropped 5.35% in the previous 24 hours, according to Brave New Coin. The broader cryptocurrency market also experienced a downturn, with 95 of the top 100 cryptocurrencies declining in value. The token’s weekly performance, however, showed resilience, with a gain of over 3%, while its monthly chart reflected a nearly 6% pullback.

The current price action places XRP within a tightening symmetrical triangle, a classic technical pattern that signals an impending breakout. Sellers have been capping rallies near the $3.05–$3.10 range, while buyers are defending support around $2.85–$2.88. This compression is building momentum toward a decisive move, either upward or downward. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing bearish pressure. The RSI has fallen to 40, indicating that the asset is not yet oversold but is leaning toward a bearish phase, while the MACD remains flat.

Analysts are closely watching the $2.80–$2.76 zone, which has historically acted as a key support cluster for XRP. A successful defense of this level could trigger a rebound toward $3.00, reinvigorating bullish sentiment ahead of September. However, if XRP breaks below $2.85, further downside could be expected, with potential support levels at $2.76 and $2.60. A failure to hold at $2.76 could expose the token to more significant retracements, potentially falling into the $2.40 range. The long-term moving averages at $2.60 could provide stronger support if the decline continues.

On-chain data from Coinglass indicates a bearish tilt, with net exchange outflows reaching nearly $49.3 million on August 29. This trend has persisted for weeks, signaling a distribution phase among traders. In contrast, earlier accumulation phases had briefly supported the price above $3.30. Additionally, large whale movements have added to the bearish sentiment. Ripple co-founder Chris Larsen recently transferred 50 million XRP—approximately $140 million—which triggered algorithmic selling and exacerbated short-term downward pressure.

Despite the bearish technical outlook, Ripple’s fundamental story continues to gain strength. The resolution of the Ripple vs. SEC lawsuit, which confirmed that XRP is not a security and imposed a reduced $50 million penalty, has removed a major regulatory overhang. This development has boosted optimism around potential products, including a possible spot XRP ETF. Analysts estimate an 80% probability of approval by year-end, a catalyst that could significantly impact XRP’s price and adoption.

Looking ahead, the XRP price prediction for 2025 ranges between $3.50 and $5.00, assuming accelerated institutional adoption. Long-term projections for 2030 envision even higher valuations as Ripple expands its payment infrastructure globally. These forecasts, however, depend on key variables such as regulatory developments, market sentiment, and broader macroeconomic conditions.

With XRP now at a critical juncture, the coming weeks will be decisive in determining whether it can hold the $2.76 support and initiate a new bullish phase or fall into a deeper bearish correction. The convergence of technical, fundamental, and macroeconomic factors underscores the importance of the current price level in shaping the token’s near-term trajectory.

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