- XRP is testing its old trendline at $3.13 after slipping below it for the first time in weeks.
- Closing above $3.15 on the 4H chart could give bulls the upper hand again.
- Long wicks around key levels show intense battles between buyers and sellers.
After dipping under $3.00, XRP has clawed its way back to a key trendline near $3.13. Traders are now watching closely to see if bulls can turn this rebound into a real comeback.
Trendline Breakdown and Retest in Play
According to charts shared on X by cryptoesta, XRP’s 4-hour structure shows a sharp breakdown below an ascending trendline that has held since mid-July. Price fell to around $2.95 before rebounding toward $3.13, now sitting just above the former support. This movement forms a classic breakdown-retest scenario, where the reclaimed trendline could act as resistance.
Earlier, the same trendline had guided XRP higher from $2.60 to $3.60. Multiple bounces confirmed its importance. The August 13 breakdown marked the first decisive close beneath it in weeks, signaling a structural shift. Holding above $3.15 could turn the short-term bearish trend around, but if the price can’t stay above it, the selling pressure may keep pushing it lower.
Larger Cycle Structure Points Higher Levels
Crypto Market watcher Steph_iscrypto on X highlighted XRP’s longer-term daily pattern, moving through clear accumulation, breakout, and re-accumulation phases. Between May and October 2024, prices held between $0.40 and $0.60 before surging past $1.70. A consolidation zone between $1.70 and $3.50 followed, ending with a breakout above $3.50 in late July 2025.
The projected blow-off top zone begins above $4.00, extending to $24.00. Price currently trades near $3.80, suggesting it is still in the early stages of the next phase if historical structure holds.
Market Volatility Adds to Uncertainty
Broader market data from August 9 to 15 shows capitalization swings of nearly $20B, with repeated lower highs and sharp intraday moves. The largest drop occurred on August 14, when values fell from $195B to below $180B in hours.
Despite volatility, XRP-specific sentiment is being boosted by Ripple CEO Brad Garlinghouse’s statement that an XRP Spot ETF could be approved by October 2025. Traders now watch whether ETF news and current technical setups can align to trigger the next significant rally.
