XRP Hits Inflection Point at $3: Will Momentum Carry It Higher?

XRP Holds Firm Above $3 Despite Regulatory Pushback, Faces Key Resistance Ahead

Ripple’s XRP rose 5% on the day, closing at $3.04, as traders largely dismissed renewed opposition from traditional financial institutions to the company’s banking license application. Despite the regulatory friction, XRP maintained strength, navigating volatile price action between $2.83 and $3.11.

Volume surged above 110 million XRP, including a single $33 million transaction that temporarily destabilized order books. Despite mid-session profit-taking, the $3.00 support level remained intact.

Regulatory Pressure Meets Market Resilience

The Bank Policy Institute (BPI), representing 42 U.S. banks, formally objected to Ripple’s bid for a banking license — the most significant institutional resistance since the company’s partial win against the SEC. Still, XRP’s price performance showed limited sensitivity to the news, suggesting traders remain focused on liquidity dynamics and short-term technicals.

Intraday Performance & Volume Flows

• Session Range: $2.83 to $3.11
• Closing Price: $3.04
• Intraday Swing: 9.8%
• Institutional Flow: $2.1B in sell pressure offset by $14M in leveraged longs
• High-Volume Spikes: Five separate hours crossed 50M+ XRP traded

Technical Snapshot

• Support Zone: $2.97–$3.00 held during Asia hours
• Resistance: Sellers consistently capped rallies near $3.09–$3.11
• Structure: Tight consolidation between $3.00–$3.02
• TD Sequential (3-day): Completed 9-count signals short-term reversal risk
• Breakout Level: $3.05 needed for bullish continuation toward $3.15

Trading Desk Focus

• Regulatory Watch: Whether Ripple publicly counters BPI’s objection
• Accumulation Range: Monitoring $3.00–$3.02 for signs of large-holder activity
• Volume Trends: Sustained participation needed to hold momentum into the weekend
• Risk Zone: Breakdown below $2.97 could open test of $2.92

Outlook

AI-based models currently project a modest upside move to $3.12 by August-end. However, failure to reclaim and hold above $3.05 with strong hourly volume could signal exhaustion in the current uptrend.

Despite regulatory clouds, XRP continues to find demand near key psychological levels — with any breakout above $3.11 likely to reignite bullish sentiment.