XRP has once again captured the spotlight, making waves in the crypto market as it continues its upward trajectory. As of today, August 28, 2025, XRP hovers tantalizingly close to the $3.00 mark, having climbed nearly 9% over the past week. The excitement is palpable, with traders and analysts keeping a close eye on this digital asset as it navigates the $3.04 resistance level—a point that has proven to be a formidable barrier.
XRP’s Ascendancy Amid Market Dynamics
The recent surge in XRP’s price hasn’t emerged in isolation. Institutional interest has been a driving force, with daily inflows into XRP-linked products hitting an impressive $25 million. This influx of capital has added a layer of gravitas to XRP’s market presence, drawing attention from both retail investors and institutional players. The launch of Gemini’s XRP-rewards Mastercard, in collaboration with WebBank, has further fueled interest. Offering up to 4% cashback in XRP, this card has catapulted Gemini ahead of Coinbase in U.S. iOS app rankings—a testament to its appeal and potential impact on XRP’s market dynamics.
“The momentum we’re seeing with XRP is noteworthy,” remarks crypto analyst Laura Chen. “The combination of institutional engagement and innovative retail products like the Gemini Mastercard can create a significant ripple effect in the market. It’s a fascinating time for XRP.”
Technical Tussles and Market Sentiment
XRP’s price action in the past 24 hours has been nothing short of dramatic. Trading within a tight $0.09 range, the digital asset saw heavy activity at $3.05 before sellers stepped in to cap the advance. The market’s pulse quickened as volumes surged to over 273 million—more than four times the daily average—highlighting both institutional interest and significant profit-taking at crucial resistance levels. As explored in our recent coverage of XRP Price Rally Hinges on Breaking This Key Resistance Zone, the current resistance levels are pivotal for further upward movement.
Technically, XRP’s momentum indicators paint a picture of neutrality. The Relative Strength Index (RSI) sits comfortably in the mid-50s, suggesting a balanced market sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) shows signs of converging towards a potential bullish crossover, hinting at future upward momentum if conditions align.
“Market participants are closely watching the $3.04 resistance,” explains Jake Thornton, a seasoned trader. “A decisive break could open the door to $3.20, but the pressure is palpable. Bears are eyeing $2.96 as the first line of defense, with $2.94 as the next level to watch.”
Navigating the Uncertainties Ahead
Despite the optimism, XRP’s path forward isn’t without its challenges. The current consolidation near $3.00 suggests a base-building phase, yet the question remains whether it will culminate in a sustained breakout. The Gemini Mastercard launch could potentially drive incremental retail flows into XRP, but the long-term impact remains to be seen. For a deeper understanding of the broader market dynamics, see our coverage of XRP Hit With 101,445% Liquidation Imbalance First Time Ever.
Looking ahead, the interplay between institutional inflows and market sentiment will be crucial. The $3.02–$3.04 resistance band stands as a pivotal point, with bulls and bears locked in a tug-of-war. As XRP continues to test these waters, market participants are left pondering whether this trend can maintain its momentum or if a retracement is on the horizon.
In the ever-evolving world of cryptocurrency, one thing is certain: XRP’s journey is far from over. With key resistance levels in sight and a market environment rife with both opportunity and risk, all eyes remain fixed on this digital asset’s next move.
Source
This article is based on: XRP Faces $3.04 Resistance as RSI Neutral, MACD Turns
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
