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    Home»Ethereum»XRP Encountering $3.04 Resistance as RSI Stays Neutral and MACD Shifts
    Ethereum

    XRP Encountering $3.04 Resistance as RSI Stays Neutral and MACD Shifts

    Ethan CarterBy Ethan CarterAugust 28, 2025No Comments2 Mins Read
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    News Background

    • XRP continued its rally from late August, increasing almost 9% over the week while trading closely around the $3.00 psychological milestone.
    • Gemini introduced an XRP-rewards Mastercard in collaboration with WebBank, providing up to 4% cashback in XRP. This launch elevated Gemini’s ranking over Coinbase in U.S. iOS apps.
    • Institutional investments in XRP-related products soared to approximately $25 million daily, enhancing market dynamics.
    • Analysts are on the lookout for breakout patterns, with long-term targets estimated near $27 if the current consolidation phase breaks upwards.

    Price Action Summary

    • In the 24-hour period concluding August 27 at 04:00 GMT, XRP fluctuated within a $0.09 range between $2.95 and $3.05, finishing at $2.98, marking a 1.3% intraday drop.
    • The highest activity occurred at 20:00 GMT when volumes surged to 273.15 million — over four times the daily average of 62.47 million — as XRP briefly hit $3.05 before sellers intervened.
    • During the closing hour (03:04–04:03 GMT), XRP traded within a $0.11 range from $2.97–$3.08, with repeated tests on the $2.975 support securing its position.
    • Volume spikes of 1.31M at 03:59 and 1.19M at 03:07 GMT coincided with brief rallies toward the $2.99 resistance level.

    Technical Analysis

    • Support: The $2.975–$2.98 range continues to serve as a crucial psychological barrier after several successful defenses.
    • Resistance: The $3.02–$3.04 range persists in restricting upward movements due to significant selling pressure.
    • Momentum: RSI remains steady in the mid-50s, indicating a neutral stance; MACD histogram is converging towards a potential bullish crossover.
    • Volume: The peak turnover of 273M underlines institutional activity while also revealing strong profit-taking at resistance levels.
    • Patterns: The ongoing consolidation around $3.00 indicates a base-building phase, with prospects for continuation if the $3.04 resistance is breached.

    What Traders Are Watching

    • Bullish traders aim for $3.20 if the $3.02–$3.04 resistance zone is surmounted.
    • Bearish traders point to $2.96 as the initial downside catalyst, with $2.94 as the next support level.
    • Market analysts are monitoring whether Gemini’s Mastercard launch leads to increased retail interest in XRP.
    • Maintaining daily institutional inflows above $25M is crucial for retaining momentum.
    Encountering MACD Neutral Resistance RSI Shifts Stays XRP
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    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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