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XRP is back in familiar territory, trading below the $3 zone, but an analyst suggests the asset is likely to see renewed momentum after a short-term correction. At press time, XRP was changing hands at $2.97, down 1.2% in the past 24 hours, though it remains up more than 4% on the weekly chart. XRP seven-day price chart. Source: Finbold According to pseudonymous cryptocurrency analyst CoinsKid , XRP is facing long-term resistance at $3.37, which marks the upper boundary of its current range.  A decisive breakout above this level could trigger price discovery and open the door for further upside. Until then, XRP remains in consolidation, with the possibility of retesting support levels before any breakout attempt. XRP price analysis chart. Source: TradingView On the downside, immediate support sits at $2.73, while a deeper pullback could extend to the $2.37 zone, identified as a critical level for a potential final shakeout. A failure to hold there could bri...

Following a favorable ruling for Ripple, the parent company of XRP, in the Securities and Exchange Commission (SEC) case, there is anticipation that the development might spark a rally in the token’s valuation. Notably, in the long-standing legal battle, a judge ordered Ripple to pay a $125 million civil penalty. However, there are signs that XRP will not be classified as a security following the ruling. Analyst’s XRP price prediction  In this context, analysts have identified several chart patterns hinting at a possible upward trajectory for XRP. For instance, crypto analyst Dark Defender suggested in an X post on August 9 that XRP is edging closer to an explosive breakout, stating, “XRP’s run is so close.” Picks for you Analyst reveals Chainlink (LINK) accumulation zone for 2025 bull market  ...