In the ever-volatile world of cryptocurrency, XRP is currently grappling with a bearish trend, putting its investors on edge. As of today, August 22, 2025, the digital currency is hovering below the crucial $2.950 resistance zone, with analysts warning of further declines if it fails to break past this barrier. XRP’s struggle isn’t isolated; it’s a trend seen across the crypto landscape, echoing the downturns of giants like Bitcoin and Ethereum, as discussed in Bitcoin, Ethereum, XRP Flat as ‘Dry Powder’ Builds in Stablecoins.
XRP’s Downward Spiral
XRP’s price recently dipped below the $2.920 mark, trading under the 100-hourly Simple Moving Average—a clear signal of bearish momentum. An ominous trend line is forming on the hourly chart of the XRP/USD pair, with resistance pegged at $2.910, according to data from Kraken. This could spell trouble for XRP as it fights to remain above the $3.00 zone—a psychological threshold that, if breached, could invite further selling pressure.
“XRP is in a precarious position right now,” says crypto analyst Jane Thompson. “The price has attempted to rally, even climbing above the 50% Fibonacci retracement level of its recent downward move. But it seems the bears have dug in around the $3.00 region, making it tough for bulls to regain control.”
Testing Support Levels
Just a few days ago, XRP tested its $2.820 support zone, with prices forming a low at this point before staging a modest recovery. This flicker of hope saw XRP briefly cross the $2.90 threshold but was quickly met with resistance. The bearish trend is reinforced by the hourly Relative Strength Index (RSI), which currently languishes below the 50 level, suggesting that the bears might still have the upper hand.
Industry insiders are closely watching the $2.820 support level. Should XRP falter and break below this point, it could trigger a cascade of selling, potentially driving prices down to the next major support at $2.80. A drop below this level could see XRP spiraling toward the $2.7650 zone, with further losses potentially on the horizon. This mirrors the broader market movements, as noted in Solana’s SOL, XRP Dive 5% Amid Profit-Taking; Bitcoin Traders Eye Gold Divergence.
Market Sentiments and Future Prospects
So, what does this mean for investors? It’s a mixed bag. While some traders are eyeing potential gains if XRP can rally past its immediate resistance levels, others remain cautious. “The crypto market is in a state of flux,” explains market strategist Alex Rivera. “With macroeconomic factors and regulatory developments influencing sentiment, it’s anyone’s guess where XRP will head next. However, breaking through the $2.950 resistance could pave the way for a retest of the $3.00 mark.”
Despite the current bearish outlook, some optimists see a silver lining. If XRP manages to climb above the $2.950 resistance and maintain its position, it could potentially make a run toward the $3.120 resistance level. Beyond that, the next major hurdle for bullish traders would be around $3.20.
Looking Ahead
As we move through August, the trajectory of XRP remains uncertain, beset by both technical and market-driven challenges. The ongoing tussle between bulls and bears will likely continue to dictate price movements, with key support and resistance levels serving as critical battlegrounds.
In the coming weeks, all eyes will be on XRP’s ability to break free from its current bearish shackles. Will it manage to defy the prevailing market sentiment and mount a comeback, or is further decline inevitable? Only time will tell, but one thing’s for sure—XRP’s journey is never short on drama. And as always, the crypto world watches with bated breath.
Source
This article is based on: XRP Price Declines Again, Key Support Tested as Risks Increase
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.
