Ripple price prediction: Whale increases the position + favourable information from credit cards, XRP is expected to break through the 3 dollar mark.

Despite the recent pressure on the crypto market, Ripple (XRP) still demonstrates strong support. On August 26, the price was around $2.88, and long positions are trying to return above the key support level of $2.90. As major trading platforms launch credit cards centered around XRP and the whale holdings continue to rise, market confidence in XRP breaking through the $3.00 resistance level is strengthening.

XRP holds support, market sentiment improves

(Source: Coinglass)

Current Price: 2.95 USD

Weekend high: $3.12

Background factors: Bitcoin (BTC) briefly plummeted below $112,000, which affected market sentiment, but XRP has maintained a support level of $2.90 since its rebound driven by macroeconomic factors last Friday.

Open Interest (OI) in Futures: According to Coinglass, XRP OI remains stable at $8.33 billion, indicating ongoing market interest in this asset.

Platform Favorable: XRP Credit Card and Stablecoin Application Expansion

A large international crypto trading platform has recently partnered with Ripple to launch the XRP cashback credit card:

Cashback: Up to 4% XRP cashback on fuel, electric vehicle charging, and ride-sharing services; 3% on dining; 2% on groceries; 1% on other spending.

Special event: Some partner merchants offer up to 10% XRP cashback on purchases.

Stablecoin Application: The platform will expand the use of Ripple USD (RLUSD) in spot trading in the United States as the base settlement currency.

Ripple CEO Brad Garlinghouse stated that as the 55 million crypto users in the United States increase their demand for everyday applications, such products will drive the adoption rates of XRP and RLUSD.

Whale Holdings Ratio Hits New High

(Source: Santiment)

According to Santiment data:

The proportion of addresses holding between 1 million and 10 million XRP has increased from 9.14% at the beginning of March and 9.8% at the beginning of July to 10.6%.

Interpretation: Whales are accumulating positions at lower prices, which may drive long-term demand to exceed supply, creating conditions for a breakthrough of 3 dollars.

Technical Analysis: $3 is the watershed for long positions and short positions

(Source: Trading View)

Short-term support: 2.96 USD

Key resistance level: $3.00 → $3.12 → $3.66 (historical high)

RSI (4-hour chart): stabilizing above 40 but below the midpoint, indicating potential buying pressure is increasing.

EMA focus levels: 50, 100, 200 period EMA as potential support layer

MACD: Currently showing a sell signal, the blue line is below the red line, and short-term adjustments need to be guarded against.

Price Prediction and Risk Warning

Bullish scenario: Holding above $2.96 and breaking through $3.00 is expected to challenge $3.12, with further impact on the historical high of $3.66.

Bearish scenario: If it breaks below 2.90 USD, it may test the 2.72 USD support.

Key observations: macroeconomic data, possible interest rate cuts in September, and changes in whale holdings.

Conclusion

XRP is currently at a critical price level, with platform application expansion and Whale accumulation providing potential upward momentum. If it can break through the $3 barrier and hold, it will pave the way for a challenge to historical highs. However, in the short term, the MACD sell signal reminds investors to remain cautious and pay attention to the defense of the support level.