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XRP Trades Above $3 as Analyst Sees Support but Warns of Short-Term Pullback thumbnail

XRP Trades Above $3 as Analyst Sees Support but Warns of Short-Term Pullback

Friday, 22/08/2025 | 15:55 GMT by
Tareq Sikder

  • Medium-term support levels remain intact, suggesting stability in price.
  • A dovish signal from the Federal Reserve could trigger a rebound toward $3.15.

XRP token standing on the bunch of other crypto tokens

XRP recently failed to break a key resistance level, with
analysts pointing to possible short-term weakness under broader market
pressures. Despite this, the asset is holding firm support, suggesting
medium-term stability. On the hourly chart, XRPUSD has rebounded from support
and is trading above $3, showing signs of further upside.

Analyst Update

According to a recent technical analysis on the YouTube
channel Cilinix Crypto, XRP is expected to move within the $2.50 to $3.40
range. The token tested resistance between $3.30 and $3.40 but failed to break
higher. Momentum into the level was strong but insufficient to confirm a
breakout.

XRPUSD, H1 Chart, Source: TradingView

Short-Term Outlook

The analyst highlighted broader market fundamentals,
including expected remarks from Federal Reserve Chair Jerome Powell, as
potential pressure points.

You may find it interesting at FinanceMagnates.com: BTC
and ETH “Likely to Trade in Ranges,” Analyst Says as Futures Leverage Remains
High
.

XRP could test support around $2.70, with a deeper drop to
$2.50–$2.60 possible in a worst-case scenario.

Medium-Term View

Despite short-term risks, XRP is holding major support
levels on higher timeframes, indicating potential stability. A dovish signal
from the Federal Reserve could lift sentiment and trigger a rebound toward
$3.15.

After short-term volatility , XRP is expected to enter a
period of consolidation, maintaining stability in the medium term.

SEC Extends Review of XRP ETFs

Meanwhile, the US
Securities and Exchange Commission has extended its review of several proposed
XRP exchange-traded funds
, including applications from CoinShares,
21Shares, Canary Capital, and Grayscale.

The SEC had previously postponed these filings, citing the
need for additional assessment. The delays follow a broader pattern affecting
digital asset ETFs, including Solana and Litecoin.

Market reactions are mixed, with some traders expressing
frustration while others view the extensions as part of the normal review
process. Analysts remain optimistic, pointing to the conclusion of the SEC’s
Ripple case and prediction markets indicating a strong likelihood of approval
before year-end.

XRP recently failed to break a key resistance level, with
analysts pointing to possible short-term weakness under broader market
pressures. Despite this, the asset is holding firm support, suggesting
medium-term stability. On the hourly chart, XRPUSD has rebounded from support
and is trading above $3, showing signs of further upside.

Analyst Update

According to a recent technical analysis on the YouTube
channel Cilinix Crypto, XRP is expected to move within the $2.50 to $3.40
range. The token tested resistance between $3.30 and $3.40 but failed to break
higher. Momentum into the level was strong but insufficient to confirm a
breakout.

XRPUSD, H1 Chart, Source: TradingView

Short-Term Outlook

The analyst highlighted broader market fundamentals,
including expected remarks from Federal Reserve Chair Jerome Powell, as
potential pressure points.

You may find it interesting at FinanceMagnates.com: BTC
and ETH “Likely to Trade in Ranges,” Analyst Says as Futures Leverage Remains
High
.

XRP could test support around $2.70, with a deeper drop to
$2.50–$2.60 possible in a worst-case scenario.

Medium-Term View

Despite short-term risks, XRP is holding major support
levels on higher timeframes, indicating potential stability. A dovish signal
from the Federal Reserve could lift sentiment and trigger a rebound toward
$3.15.

After short-term volatility , XRP is expected to enter a
period of consolidation, maintaining stability in the medium term.

SEC Extends Review of XRP ETFs

Meanwhile, the US
Securities and Exchange Commission has extended its review of several proposed
XRP exchange-traded funds
, including applications from CoinShares,
21Shares, Canary Capital, and Grayscale.

The SEC had previously postponed these filings, citing the
need for additional assessment. The delays follow a broader pattern affecting
digital asset ETFs, including Solana and Litecoin.

Market reactions are mixed, with some traders expressing
frustration while others view the extensions as part of the normal review
process. Analysts remain optimistic, pointing to the conclusion of the SEC’s
Ripple case and prediction markets indicating a strong likelihood of approval
before year-end.

Tareq Sikder

  • 1724 Articles
  • 28 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1724 Articles
  • 28 Followers

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    Jeff Patterson of Finance Magnates interviews Constantinos Michailides, Founder and CEO of DGM Tech Solutions, at iFX EXPO International 2025. They explore how DGM supports brokers with trading platform administration, the role of AI in streamlining operations, and how blockchain could transform KYC and AML compliance. The conversation also covers evolving regulatory challenges and the future of financial services infrastructure.

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    Jeff Patterson of Finance Magnates interviews Constantinos Michailides, Founder and CEO of DGM Tech Solutions, at iFX EXPO International 2025. They explore how DGM supports brokers with trading platform administration, the role of AI in streamlining operations, and how blockchain could transform KYC and AML compliance. The conversation also covers evolving regulatory challenges and the future of financial services infrastructure.

    #iFXEXPO2025 #DGMTechSolutions #Fintech #TradingPlatforms #Blockchain #AI #KYC #FinanceMagnates

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    Jeff Patterson of Finance Magnates interviews Constantinos Michailides, Founder and CEO of DGM Tech Solutions, at iFX EXPO International 2025. They explore how DGM supports brokers with trading platform administration, the role of AI in streamlining operations, and how blockchain could transform KYC and AML compliance. The conversation also covers evolving regulatory challenges and the future of financial services infrastructure.

    #iFXEXPO2025 #DGMTechSolutions #Fintech #TradingPlatforms #Blockchain #AI #KYC #FinanceMagnates

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    Jeff Patterson of Finance Magnates interviews Constantinos Michailides, Founder and CEO of DGM Tech Solutions, at iFX EXPO International 2025. They explore how DGM supports brokers with trading platform administration, the role of AI in streamlining operations, and how blockchain could transform KYC and AML compliance. The conversation also covers evolving regulatory challenges and the future of financial services infrastructure.

    #iFXEXPO2025 #DGMTechSolutions #Fintech #TradingPlatforms #Blockchain #AI #KYC #FinanceMagnates

    📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

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    Jeff Patterson of Finance Magnates interviews Constantinos Michailides, Founder and CEO of DGM Tech Solutions, at iFX EXPO International 2025. They explore how DGM supports brokers with trading platform administration, the role of AI in streamlining operations, and how blockchain could transform KYC and AML compliance. The conversation also covers evolving regulatory challenges and the future of financial services infrastructure.

    #iFXEXPO2025 #DGMTechSolutions #Fintech #TradingPlatforms #Blockchain #AI #KYC #FinanceMagnates

    📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today:

    🔗 LinkedIn: / financemagnates
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    📸 Instagram: / financemagnates_official
    🐦 X: https://x.com/financemagnates?
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    ▶️ YouTube: / @financemagnates_official

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