Top Analyst Reveals Two Crucial Levels to Watch for XRP Price Action ...Middle East

Prominent market analyst Michael van de Poppe has shared two levels he would be interested in XRP again following rejection from crucial resistance. Notably, he shared on his X handle on August 12 that XRP has again stuttered at the sight of the $3.40 resistance. The third-largest cryptocurrency by market cap rose to an intraday high of $3.33 on Monday but quickly retreated amid the strong supply wall around the level. Losing the resistance level saw it close at $3.13, posting its fourth consecutive red candlestick on the daily timeframe. While XRP has shown northward momentum today with its near 2% growth, the analyst insinuates it is all noise until either of the two scenarios he identified in his tweet plays out. XRP and the $3.40 Resistance Van de Poppe highlighted that while XRP did not reach $2.50 following its rejection yesterday, it shows how fast things can switch from bullish to bearish. Moreover, the rejection at the crucial resistance area suggests that prices could see further downturn in the near term. His accompanying chart buttressed the significance of the $3.40 level and why it is crucial for XRP’s subsequent bullish development. For context, the price marked the top of XRP’s northward drive in January, when it recorded its highest-ever closing price in history. Following the top was a phase of price correction, where XRP failed to break above a descending resistance originating from its January high of $3.40. The token consolidated below the trendline for five months until breaking out in early July. After the breakout, XRP retested the $3.40 resistance and temporarily broke above it to a multi-year high of $3.66 the same month. Nonetheless, the bullish momentum quenched there, with XRP dumping from the area to $2.73 on August 3. Either $3.40 or XRP goes to $2.40 Notably, XRP still struggles to trade above the $3.40 resistance area, and van de Poppe notes that the trend either changes or further corrections would follow. He emphasized that XRP would interest him when it reclaims the crucial level or dumps to between $2.60 and $2.40. The support level between $2.60 and $2.40 is a former resistance zone where XRP stalled several times between December and now. It struggled at that level in December 2024 despite the Trump-inspired bullish momentum before breaking free in January. XRP also struggled around the area twice in March and May. It reached highs of $2.64 and $2.58 in March and $2.65 in May, all followed by a rejection. Van de Poppe highlighted that the $2.60 and $2.40 price zones, which would entail an 18% and 24% correction from the current market price of $3.17, would be XRP’s following targets if it fails to reclaim $3.40. XRP Bulls Insist On Higher Prices Despite van de Poppe’s cautious call, several other market analysts are insistent on higher prices of XRP. Patrick Riley, a self-acclaimed market veteran, has likened not being bullish on XRP to being unserious, projecting an almost 10x rally for the prominent cryptocurrency. Gert van Lagen also shared a similar sentiment, predicting that XRP is about to rip. The macro strategist asserted a rally to $34, citing the completion of a seven-year double-bottom retest.

Hence then, the article about top analyst reveals two crucial levels to watch for xrp price action was published today ( Tuesday 12/08/2025 - 08:03 PM ) and is available on the crypto basic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Top Analyst Reveals Two Crucial Levels to Watch for XRP Price Action )

Last updated : 12 August 2025 clock 08:03 PM

Also on site :

Top Analyst Reveals Two Crucial Levels to Watch for XRP Price Action ...Middle East

10 Hacks Every Brave Browser User Should Know

Reporter Asks Ilhan Omar About Her Curious Financial 'Adjustment' (Brace for Smug Head Explosion)

Netflix’s Harlan Coben Limited Series ‘I Will Find You’ Casts Vas Saranga In Key Recurring Role

James McAvoy’s Feature Directorial Debut ‘California Schemin” Sets Fall Release Via Magenta Light Studios

5 Palestinians, including 3 children, martyred in Israeli strike on northern Gaza

Alabama announces extension, raise for Kalen DeBoer

Ashley Graham Teases Cameo in ‘The Devil Wears Prada 2’ at Variety’s Entertainment Marketing Summit: ‘It’s Very Exciting’

'Bodol noy, bodla chai': Didi flips 2011 election slogan

Tasman Therapeutics to Participate in Needham Virtual Psychedelics Forum on April 27, 2026

Student Loan Change Impacting Millions Sparks New Warning From Senators

UR Medicine partners with GE HealthCare to refurbish imaging equipment, keeping 4,000-pound magnets out of landfills

ServiceNow stock sinks 14% as subscription revenue takes hit from Iran war

MrBeast’s Company Sued for Wrongful Termination by Former Staffer

Who The Pitt Star Katherine LaNasa Plays On Daredevil: Born Again

Women Business Leaders on How To Solve AI’s Inclusivity Problem