XRP Price Today: XRP Holds Strong at $3 With Analysts Predicting $6 Breakout Ahead

XRP price is holding its ground near the $3 mark, with growing optimism among traders as bullish signals and fresh catalysts fuel speculation of a breakout toward $6.

Analysts highlight improving market sentiment, legal clarity, and ETF momentum as key drivers behind the token’s resilience, reinforcing the bullish outlook for Ripple’s native asset.

XRP Price Resilience at Key Support

At press time, the XRP price today stands at $3.03–$3.07, reflecting only minor daily losses despite recent market turbulence. The cryptocurrency has faced heavy selling pressure after retreating from July highs near $3.65, but strong support at the $3.00 threshold has repeatedly held. Trading volume remains robust, with daily turnover exceeding $6 billion, suggesting that institutional interest continues to play a role in stabilizing the market.

After a five-week retracement, the market now signals a potential rebound, with short-term targets at $4.44 and a mid-term outlook toward $6.28. Source: MasterAnanda on TradingView

On-chain activity further supports this view. Data shows that large holders, or “whales,” accumulated 250 million XRP in just eight days, worth roughly $758 million at current levels. Such accumulation typically indicates confidence in the token’s long-term trajectory.

Key Resistance Zones in Focus

While support at $3 is proving durable, XRP faces a significant barrier between $3.26 and $3.29. This level, highlighted by the Cost Basis Heatmap, represents the heaviest supply cluster where more than 1 billion XRP last changed hands. Analysts caution that clearing this resistance decisively is crucial for the next phase of growth.

XRP is consolidating above the 100 MA, with a descending channel setup and $3 support suggesting an imminent breakout supported by improving RSI momentum. Source: CryptoAnalystSignal on TradingView

If XRP manages a breakout above $3.29, immediate price targets include $3.43, $3.65, and potentially $3.84. A successful move beyond $3.66 could even set the stage for a run toward the $6 level, as bullish technical formations such as the cup-and-handle pattern continue to develop.

Legal Clarity and ETF Momentum

Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) reached a resolution earlier this month, removing one of the largest regulatory overhangs weighing on XRP prices. The conclusion of the Ripple vs. SEC case has already spurred renewed investor optimism, with multiple asset managers, including WisdomTree, Franklin Templeton, and Grayscal, filing amended applications for spot XRP ETFs.

Odds of an XRP ETF approval have surged to 98%, signaling growing confidence in regulatory progress and strengthening the bullish outlook for the token. Source: @Xaif_Crypto via X

Polymarket now assigns a 98% chance of approval for these ETFs, with decisions expected later this year. JPMorgan estimates inflows could exceed $8 billion within the first 12 months of trading, placing XRP alongside the largest crypto-backed investment products. ETF anticipation has already contributed to a short-term rally, pushing XRP nearly 9% higher in a single session when amended filings were announced.

Market Outlook: Will XRP Go Up?

For now, XRP price predictions hinge on whether the token can maintain its $3 support while overcoming the heavy supply zone just above. Technical indicators remain encouraging: the Relative Strength Index (RSI) is at healthy levels, around 67, indicating strong demand without entering overbought territory. Meanwhile, on-chain settlement volumes on the XRP Ledger surged by 500% in August, highlighting growing adoption of Ripple’s network despite market headwinds.

XRP was trading at around $3.03, up 0.53% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

The path forward is not without risks. If support at $2.96–$3.00 fails, downside could extend toward $2.63. However, with ETF optimism, whale accumulation, and fading legal pressure, sentiment tilts bullish. Analysts suggest that a sustained breakout above $3.29 could mark the beginning of a broader rally, potentially pushing XRP to $6 over the medium term.

Final Thoughts

The price of XRP today reflects both resilience and caution. Support at $3 has become a battleground for bulls and bears, but momentum appears to be shifting in favor of buyers. With regulatory clarity improving, institutional flows rising, and ETF approval odds nearing certainty, XRP is increasingly positioned as one of the strongest contenders for a major upside move in the crypto market.