XRP Analysis: $3 Becomes Make-or-Break Level for the Ripple Linked Token

Ripple’s XRP posted a 5% gain on the day as traders shrugged off a fresh wave of opposition from traditional banks to Ripple’s license application.
Price action remained volatile between $2.83 and $3.11, with short-term upside stalling at resistance levels while volumes surged past 110 million XRP — including a $33 million one-minute transaction that spooked order books.

What to Know

• BPI, which represents 42 banks, filed objections to Ripple’s pending banking license, injecting fresh uncertainty into regulatory timelines.
• XRP rallied from $2.83 to $3.11 before closing at $3.04, with a 9.8% intraday swing across the session.
• Support at $3.00 held despite mid-day selloffs and fading momentum above $3.09.
• Institutional flows remained net neutral: $2.1 billion in token divestment offset by $14 million in leveraged long positions.
• AI-driven models project a $3.12 move by August-end — though TD Sequential flags short-term reversal risk.

News Background

The banking sector's coordinated filing against Ripple’s license effort marks the most concentrated resistance the firm has faced since its partial victory against the SEC. For traders, the news was mostly background noise — as XRP’s price held firm above $3.00 and saw liquidity bursts typically associated with large players moving in and out of the asset.

Price Action Summary

• CoinDesk Analytics shows XRP hit a session high of $3.11 around 17:00 before reversing on volume spikes of 69.89 million XRP.
• Support formed at $2.97 during the Asia session (05:00–06:00), reinforced by back-to-back 50M+ XRP trades.
• Final-hour action (13:09–14:08) showed XRP holding flat at $3.03, with 2.1 million XRP sold during the breakdown attempt.

Technical Analysis

• Price structure shows a clean consolidation band between $3.00–$3.02, with no structural breakdown yet.
• Bulls failed multiple times at $3.09–$3.11, signaling short-term exhaustion near that resistance cluster.
• Trading volume stayed above the daily mean (47.7 million) in five separate hourly windows — showing sustained interest.
• TD Sequential on the 3-day chart signals a completed 9-count — typically a local top.
• Breakout level remains $3.05, with upside extensions to $3.15 possible if volume returns above 50M/hour.

What Traders Are Watching

• Whether Ripple responds publicly to the banking sector’s challenge, and how regulators react.
• If $3.00–$3.02 continues to act as accumulation range for larger holders.
• Volume participation into the weekend — any slowdown could set up for a $2.92–$2.97 retest.
• Trend flips on confirmation above $3.05 on strong hourly volume, targeting $3.12–$3.25 range.