TLDR:
- XRP price is trading at $2.87 with 24-hour losses of -4.75% and daily volume above $6.2 billion.
- Analysts say holding the $2.87 support could set up an upside move toward $4 resistance.
- The $3.08 breakout level is seen as confirmation of bullish continuation by traders.
- RSI and EMA trends suggest energy is compressing ahead of a potential breakout.
XRP is entering a critical stage as bulls attempt to hold a key support level. Traders are closely watching the $2.87 zone after a recent pullback.
Analysts suggest that maintaining this structure could fuel a breakout to higher levels. Price action has tightened within a consolidation pattern, leaving little room before resolution. Market momentum now depends on whether buyers can defend support and push toward the upside.
XRP Price Tests Key Support Levels
Crypto analyst Lark Davis shared that XRP is moving inside a descending triangle pattern.
XRP bulls want to see the bottom orange line hold as support!
Potentially interesting spot to go long with an tight stop loss.
The resolution of this triangle to the upside sends us to $4 as along as bulls can keep the structure intact!
Trade XRP now on Bitunix (available… pic.twitter.com/boNQ4j7eqo
— Lark Davis (@TheCryptoLark) August 29, 2025
He noted that bulls need the lower orange support line to hold. According to his chart analysis, that line aligns near $2.87. A successful defense of this level could unlock a rally toward $4.
Key indicators are also in focus. The 50-day EMA sits just above the support, acting as dynamic resistance. The 200-day EMA remains supportive, holding the broader trend intact.
Meanwhile, RSI at 47.1 reflects neutral momentum, leaving space for either direction. MACD still signals weakness, but that could flip if buyers step in.
Data from CoinGecko shows XRP priced at $2.87. Trading volume over the past 24 hours reached $6.26 billion. The token fell -4.75% in the same period, with a marginal -0.03% decline over the week.
Market participants now await confirmation from chart levels before committing to new positions.
Failure to hold support, analysts warn, could open the way for deeper correction. A bounce, however, keeps the bullish structure alive. This makes the coming sessions vital for traders positioning around these levels.
Consolidation Builds Pressure Near $3.08
Trader CasiTrades said XRP remains locked in a consolidation pattern. He explained that price action has coiled near the apex of the structure. No fresh lows have formed, keeping the overall count and trend extensions valid.
According to his outlook, the $2.99 level holds the .382 support, making it a pivot point for direction.
A breakout above $3.08, followed by a backtest, would confirm bullish continuation. Price rejection at that level could instead extend consolidation or reverse the setup.
🚀XRP is continuing to hold its consolidation pattern, and a breakout is imminent! 🚀
Price action is tightening right to the apex and it doesn't have much time left before a major breakout. It recently tested the bottom trendline of the consolidation and showed a strong… pic.twitter.com/zreuOtEyE8
— CasiTrades 🔥 (@CasiTrades) August 28, 2025
On shorter timeframes, the RSI has started building a bullish curve. This adds weight to the view that consolidation is leaning toward an upward breakout. Compression of energy within the triangle suggests that volatility may soon expand.
The market appears set for a decision. Whether the move is higher or lower depends on how XRP reacts at $2.87 and $3.08. Traders are tightening risk strategies, keeping stop losses close while anticipating the next big swing.
