TLDR:
- XRP price trades near $2.90 after failing to clear resistance at $3.15, with support now clustered around $2.85 levels.
- Matthew Dixon reports XRP sits at a Fib retracement zone, with 2.85–2.78 as a crucial price area for bulls.
- A break above $2.97–3.00 could open the path toward $3.15–3.20, keeping bullish continuation on the table.
- CoinGecko data shows XRP down 1.63% in 24 hours and 6.60% in the past week, with $4.8B daily volume.
The market is keeping a close eye on XRP after a recent test of resistance near $3.15. Traders watched the price pull back sharply, settling near the $2.90 mark. This retreat left investors looking at the 2.85–2.90 zone as the key battleground.
At the same time, technical indicators suggest mixed conditions that could push the coin either way. The next move now depends on whether support holds or breaks down further.
XRP Price Faces Resistance at $3.15
Veteran trader Matthew Dixon explained that XRP faced rejection at the 0.236 Fibonacci resistance around $3.15.
Following that move, the coin retraced to $2.85–2.90, an area reinforced by the 0.618 retracement and a trendline. He pointed out that this cluster makes the zone crucial for buyers hoping to hold the line.
#XRP recently rejected near 3.15 (red zone, 0.236 Fib resistance).
Since then, it has pulled back into the 2.85–2.90 support zone, which aligns with:
The 0.618 Fib retracement, the blue trendline support.
This zone is being tested right now and is key for the next move.… pic.twitter.com/UCbiZmvOXM— Matthew Dixon – Veteran Financial Trader (@mdtrade) August 21, 2025
The immediate resistance, Dixon added, stands between $2.97 and $3.00, a range where sellers remain active. A clear break above that area would set up a retest of the $3.15–3.20 region. If the market pushes higher, the path could extend toward $3.35–3.40.
For now, the Relative Strength Index sits near 43. That shows conditions leaning slightly bearish but not oversold, giving room for more downside if buyers fail to step in. The reaction near the $2.85 level will shape the direction over the coming sessions.
XRP Price Consolidation Around $2.85 Support
According to data from CoinGecko, XRP trades at $2.90, showing a 1.63% decline in the past 24 hours.
Over the last week, losses reached 6.60%, though daily trading volume remains strong at $4.8 billion. This mix of falling prices and heavy activity keeps traders alert for sharp swings.
Crypto analyst Crypto Patel suggested that long-term holders still look toward higher targets. He pointed to strong support levels and bullish momentum that could push XRP closer to the $10 mark in the wider cycle.
For now, though, the near-term battle rests between $2.85 support and $3.00 resistance.
Will #XRP hit $10 in this bull run? 🚀 $XRP is only 200% away from its $10 target! With strong support at $2 and massive interest from the #XRPArmy, this could be the breakout we've all been waiting for.
🔵 Support at $0.80
🔴 Resistance at $2.90The trend is bullish, and it’s… pic.twitter.com/jYaLg1BpDF
— Crypto Patel (@CryptoPatel) August 21, 2025
If $2.85 breaks, traders could see a deeper slide toward $2.70 or even $2.65. That would confirm a broader corrective pattern still unfolding. If bulls defend the zone, then consolidation could open the door for another rally attempt.
Market watchers now sit between caution and expectation. The coming days will reveal whether XRP bounces back above $3.00 or slides deeper toward lower retracement zones.
