XRP Price Today: XRP Holds Key Support as Bulls Gear Up for August Rally

XRP price today is holding firm near the $3.20 mark, with bulls eyeing an August breakout after a week of steady consolidation.

The cryptocurrency has maintained strength above crucial support levels, backed by robust institutional inflows and improved market sentiment following the recent SEC case dismissal against Ripple Labs.

XRP Consolidates Ahead of Key Breakout

The price of XRP today remains confined within a symmetrical triangle on the 4-hour chart, supported by a rising trendline from last week’s sub-$3 rebound. At the time of writing, XRP trades around $3.204, with traders closely watching the $3.33–$3.36 resistance zone as a potential breakout trigger.

XRP was trading at around $3.204, up 0.53% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Technical indicators remain constructive. The 20-EMA sits at $3.23, above the 50-EMA at $3.16 and the 200-EMA at $2.99, signaling a short-term bullish bias. As long as pullbacks toward the 20-EMA attract buying interest, the upward structure remains intact.

A clean move above $3.36 could open the path to $3.40 and $3.46, with the potential for an extended rally toward the $3.60 region if momentum strengthens.

Institutional Inflows Boost Market Confidence

Following the SEC’s formal dismissal of its long-running lawsuit against Ripple Labs, institutional money has poured into the market. Trading volumes surged 208% to $12.40 billion on August 11, marking one of the busiest days for XRP coin this year. Open interest in derivatives also climbed 15% to $5.90 billion, showing strong positioning from large market players.

XRP has followed the projected ABC wave pattern, reaching $2.85 for Wave A, $3.33 for Wave B, and now progressing toward Wave C ahead of an anticipated surge. Source: Dark Defender via X

The $3.15–$3.16 range has emerged as a vital support zone, with buyers defending it aggressively during intraday dips. On the upside, breaking through the $3.24–$3.27 range could accelerate gains, with some analysts setting mid-term targets between $4.50 and $5.00.

The resolution of the Ripple vs SEC case removes years of legal uncertainty, paving the way for broader institutional adoption. Some experts believe this clarity could eventually lead to an XRP ETF, further boosting liquidity and market exposure.

Spot Flows and Market Liquidity

Spot net inflows reached $43.25 million on August 11, suggesting increased deposits to exchanges. Historically, such inflows have slowed upward moves until supply is absorbed, but strong demand from both retail and institutional buyers has kept the bullish bias intact.

On a daily chart, $3.09 serves as a critical demand zone—the same level where the 4-hour Supertrend flipped bullish in July. Above this base, the next major liquidity target is $3.46, aligning with the 0.786 Fibonacci retracement level.

Outlook and XRP Price Prediction

With the legal overhang now resolved, traders are turning their focus to technical triggers and liquidity zones. A sustained move above $3.36 could confirm the breakout pattern, while holding above $3.15 keeps the bullish setup intact.

On the 6-week chart, XRP has rebounded from a $1.61 low, broken above $3.39, and is advancing toward the 2025 high of $3.66. Source: MoNi_MoN on TradingView

If bullish momentum carries forward, XRP price predictions for late August point toward a retest of $3.46, with potential for a climb toward $3.60 or higher. Conversely, failure to hold the $3.15–$3.12 area may see a pullback toward $3.09 support.

In the bigger picture, many analysts believe the XRP price prediction 2025 remains favorable, especially if institutional adoption deepens and Ripple expands its cross-border payment solutions.