TLDR
- Large holders added 250 million XRP (worth $758 million) in eight days
- XRP currently trading at $3.03, down 0.7% in 24 hours
- Strong resistance zone identified between $3.26-$3.29
- XRP has broken into the top 100 assets by market cap with $180 billion valuation
- Potential price targets at $3.43, $3.65, and $3.84 if resistance is broken
XRP is currently trading at $3.03, experiencing a minor decline of 0.7% over the past 24 hours. The cryptocurrency has been stuck in a sideways pattern for several weeks, with a 2.6% decrease over the past seven days. While one-month returns remain slightly negative at 1.4%, the broader three-month picture shows gains of nearly 30%.
The market is watching closely as XRP consolidates below a key resistance zone that could determine its next major move.
On-chain data reveals that large whale wallets holding between 10 million and 100 million XRP have been quietly accumulating tokens. Between August 16 and August 24, these wallets increased their holdings from 7.51 billion to 7.76 billion XRP.
This accumulation of approximately 250 million tokens represents about $758 million worth of XRP at current prices. Such buying activity typically suggests confidence among major holders, who often build positions before major price movements.
Despite this accumulation, XRP has yet to break through its most important resistance zone.
XRP/BTC is about to smash through its 8-yr downtrend.
6+ spot XRP ETF approvals coming.
Partnerships with Japan's SBI holdings.
The Ripple-SEC case has officially ended.
XRPL massive upgrades coming.If there's one large cap which is about to pump hard, it's gonna be $XRP. pic.twitter.com/Q9k9H1S40H
— Gordon (@AltcoinGordon) August 23, 2025
Key Resistance Zone
The Cost Basis Distribution Heatmap shows that the strongest resistance currently sits between $3.26 and $3.29. This range represents the price levels where the largest volumes of XRP last changed hands, with more than 1.05 billion XRP accumulated in this zone.
This resistance band has capped every upside attempt since early August. Even during brief rallies, buyers have struggled to clear this level, reflecting the weight of supply overhead.
Trend-based Fibonacci extensions confirm the importance of this level, with the 0.786 retracement line aligning almost perfectly with the $3.29 level.
If XRP can achieve a decisive breakout above this zone, with a complete candle closing above $3.29, immediate upside targets would appear at $3.43 and the previous all-time high of $3.65. A stronger push could open a path toward $3.84.
There is precedent for such a move. XRP bulls have taken control of the price for the first time in nine days, as shown by a developing green candle. In early August, after bulls briefly took control of momentum, XRP jumped from $2.90 to $3.33 in just a few trading sessions.
Top 100 Asset Achievement
XRP has recently broken into the top 100 assets by market capitalization worldwide. With a market cap of just over $180 billion, XRP now ranks as the 99th largest asset globally, positioned above CATL and just behind Pinduoduo and Deutsche Telekom.
This places XRP in elite company, as only three cryptocurrencies currently make the top 100 ranking: Bitcoin, Ethereum, and now XRP.
The altcoin reclaimed the $3 price level following Jerome Powell’s Jackson Hole speech, which suggested the Federal Reserve could make a rate cut at the September meeting. Further positive news came as the U.S. Appeals Court approved the dismissal of the XRP lawsuit following a joint motion from Ripple and the SEC.
Several factors could support further price appreciation. These include pending spot XRP ETFs, Ripple’s expanding partnerships, the conclusion of the XRP lawsuit, and ongoing XRPL upgrades.
According to legal expert Bill Morgan, XRP’s adoption, including by institutions, is increasing. Yield opportunities are on the rise, and the token’s use case in traditional finance is expanding.
If the current support from whale accumulation continues while XRP attempts to break through the $3.26-$3.29 resistance zone, the next rally could target previous all-time highs and beyond.
However, if whales become frustrated and begin selling, the price could find support around the $2.78 level. A break below this point would invalidate the bullish outlook.
XRP’s current position just above $3 represents a critical juncture for the cryptocurrency, with the next major move likely determined by its ability to overcome the key resistance zone.
XRP is now ranked as one of the top 100 assets by market cap in the world, an achievement that highlights its growing prominence in the broader financial ecosystem.
The post XRP (XRP) Price: Key Resistance Zone at $3.26-$3.29 Holds Back Rally appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-xrp-price-key-resistance-zone-at-3-26-3-29-holds-back-rally/