XRP Don Close Near One Critical Monthly: Make Eye For $3.00 Breakout
XRP dey trade near $2.80 as August monthly candle close dey come. Traders dey observe if XRP fit cross the $3.00–$3.05 resistance level and trigger better breakout wey go carry am go $3.30–$3.50. If e no fit hold $3 again, e fit make XRP stay for the $2.75–$3.05 zone. Regulatory clarity show wen SEC settle wit Ripple for $125 million penalty for August 2025 and confirm say XRP trading for secondary market no be securities offering. Dis one remove big wahala and fit boost institutional waka. Other catalysts na progress for CBDC pilots and end-of-month liquidity movement dem. Key technical levels: resistance at $3.00–$3.05 and support at $2.75–$2.95 and $2.50–$2.60. Traders suppose watch spot liquidity, derivatives positioning, plus on-chain activity after close. If e close pass $3.05 wit follow through, e be bullish. But if e close under $2.75, e fit bring deeper tests. For now, $2.75–$3.05 na the trading range.
Bullish
Di SEC way make deal wit Ripple for August 2025 don comot big wahala wey dey legally—similar to di 2023 court ruling wey dey use tighten spread dem and attract big institution money. If e clean close pass $3.05 for one month, e go be like before when price break key resistance, e go bring momentum and buyers wey dey follow system. But if e fail for $3.00–$3.05 level, e fit make XRP remain for range just like before wen price dey consolidate. For short term, traders go dey focus on technical levels, liquidity balance and derivatives position. For long term, steady increase go depend on regulatory surety, progress for CBDC projects and demand for crypto wey dey use pay stuff. Overall, the things wey fit push price up dey, but confirmation need serious close pass low $3 range.