XRP Price News: Eyes $3.20 as Bull-Flag Pattern Forms, Key Support at $2.89

XRP Targets $3.20 Amid Bull-Flag Formation, Critical Support Holds at $2.89

Digital asset challenges $3.08 barrier amid strong inflows before stabilizing around $3.00 threshold.

By Shaurya Malwa, CD AnalyticsUpdated Aug 27, 2025, 5:53 a.m. Published Aug 27, 2025, 5:53 a.m.

CME Group’s cryptocurrency futures offerings exceeded $30 billion in open interest, with XRP derivatives hitting $1 billion within three months – the fastest adoption rate for a new product.
XRP climbed 3.60% from $2.89 to $2.99, encountering substantial trading activity at $3.08 before pulling back.
Market participants are tracking XRP’s ability to sustain the $2.99–$3.00 range and possible upward movement beyond $3.08.

CME Group recently reported its cryptocurrency derivatives portfolio crossed $30 billion in open interest, with XRP futures achieving $1 billion in under four months – a record launch pace.
Overall crypto market sentiment strengthened following Federal Reserve Chair Jerome Powell’s Jackson Hole comments, which fueled hopes for monetary policy relaxation in coming months.
XRP still faces U.S. regulatory ambiguities despite growing corporate interest in Ripple’s cross-border payment solutions.

Between August 26 (03:00) and August 27 (02:00), XRP advanced 3.60%, moving from $2.89 to $2.99 within a $0.20 daily range.
The most significant surge occurred at 19:00 GMT on August 26, when XRP briefly surpassed $3.08 with 167.60 million tokens traded before retreating.
During the final trading hour (01:21–02:20 GMT, Aug. 27), XRP fluctuated within a $0.13 spread while maintaining position near the $2.99–$3.00 range.

Support: $2.89 stands as the primary foundation after repeated validations; $2.99 currently serves as a mental support marker.
Resistance: $3.06–$3.08 forms the immediate upper boundary, strengthened by intense selling pressure at $3.08.
Momentum: RSI rebounded from 42 (near oversold) to mid-50s, indicating improving short-term momentum.
Volume: 167.60 million tokens traded during the $3.08 attempt – exceeding 30-day averages by 100% – signaling substantial institutional activity.
Patterns: Dual bull-flags and rounding-bottom formations signal possible upward movement, with analysts targeting $5.85 as extended-term potential.
Compression: Narrowing price swings near $3.00–$3.01 suggest a tightening formation preceding decisive price action.

XRP’s capacity to maintain its strength at the $2.99–$3.00 psychological zone.
A sustained breakthrough above $3.08 could trigger moves toward $3.20 and higher levels.
Potential declines loom if prices drop below $2.84, with $2.80 emerging as the next critical support.
CME open-interest trends and institutional trading patterns will be monitored closely for momentum validation.

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