In a volatile week for cryptocurrencies, XRP saw a notable decline of 4% as Bitcoin’s sell-off reverberated across the digital asset landscape. From August 28 to August 29, the token dipped from $3.02 to $2.89, with a sharp initial drop to $2.84. Despite the turbulence, analysts are keeping a close eye on a potential cup-and-handle pattern that could signal a longer-term rally toward the $5 mark.
Market Dynamics and Key Developments
XRP’s latest price movements are unfolding against a backdrop of significant regulatory and market events. The cryptocurrency community is on edge, awaiting crucial decisions from the U.S. Securities and Exchange Commission regarding spot crypto ETFs expected in September. Meanwhile, XRP Ledger (XRPL) has been buzzing with activity, evidenced by a 20% rise in active addresses over the past three days. This uptick comes as the network gears up for the Decentralized Media launch slated for September 12. For a deeper dive into recent market shifts, see XRP Rockets 32,474% in Liquidation Imbalance, Final Bitcoin Block Date Revealed, Shiba Inu Mind-Blowing Comeback — Top Crypto News.
In a promising move for XRP, Chinese fintech giant Linklogis has integrated its supply-chain financing platform with the XRPL. This integration has not only boosted Linklogis’ equity by 23% but also underscores growing institutional interest in the network. According to market analysts, such developments could act as a catalyst for XRP’s recovery, provided the token can maintain its current support levels.
Technical Landscape: Support, Resistance, and Momentum
XRP’s technical setup reveals a fascinating picture. The token found strong support between $2.85 and $2.86, with intraday stability at $2.88 during the recent sell-off phase. This level of accumulation, coupled with trading volumes exceeding the 75.9 million daily average, indicates a potential base for a rebound.
On the resistance front, $3.02 remains a formidable barrier. However, should XRP manage to break through this level, analysts suggest a rally to $3.20 could be on the horizon. “The cup-and-handle formation is particularly intriguing,” notes crypto analyst Jamie Lin. “If momentum shifts positively, we could see XRP target the $5–$13 zone in the coming months.”
Momentum indicators paint a cautiously optimistic picture. The Relative Strength Index (RSI) has steadied in the mid-50s, recovering from a dip to 42, which reflects a neutral-to-improving sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is converging toward a bullish crossover, hinting at potential upside follow-through.
Institutional Moves and Future Prospects
Institutional activity appears to be ramping up, with a notable 19.6 million token surge occurring around the $2.88–$2.91 range. This wave of buying suggests that some big players are accumulating XRP, potentially counterbalancing the distribution observed among whale accounts. Earlier in the week, a staggering 900 million DOGE worth $200 million was transferred to Binance—highlighting ongoing large-holder repositioning across the crypto space. This follows a pattern of market movements, as detailed in XRP Jumps 6% to Top Market Gainers as Bitcoin Retakes $111K.
Looking ahead, XRP’s path will likely hinge on several factors. The ability to defend its $2.85–$2.88 support range will be crucial for any sustained recovery. Additionally, the crypto community will be closely watching whether the network’s growth and Linklogis’ integration can offset whale-driven distribution pressures.
As we move into September 2025, the crypto market remains as unpredictable as ever. While XRP faces significant hurdles, the evolving regulatory landscape and increasing institutional interest could provide the momentum needed for a turnaround. Whether this trend will hold is a question that only time—and market dynamics—will answer.
Source
This article is based on: XRP Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to $5 Intact
Further Reading
Deepen your understanding with these related articles:
- Crypto Markets Lose $200 Billion as Bitcoin’s Price Tumbled to 6-Week Low: Market Watch
- Bitcoin, Ethereum and Dogecoin Slide as Crypto Liquidations Top $900 Million
- What Bitcoin’s Weekend Dip Means for the Crypto Bulls
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.
