XRP Price Prediction for July 17: Will the Bulls Break Through?
XRP teeters on the edge of a make-or-break moment as traders brace for July 17’s price action. Will the SEC saga’s shadow finally lift—or is another leg down looming?
Key Levels to Watch
All eyes lock onto the $0.50 psychological threshold after last week’s 8% bleed-out. A close above could trigger FOMO buys; failure here might see sharks circling for stop-hunts.
Market Sentiment Check
Derivatives data shows perpetual swaps funding rates flipping positive—retail’s dipping toes back in while OTC desks quietly accumulate. Classic ‘smart money vs. dumb money’ setup? You decide.
The Regulatory Wildcard
Ripple’s legal team keeps billing hours as the SEC case drags on. Because nothing says ‘efficient markets’ like a coin whose fate hinges on courtroom theatrics.
Bottom Line
XRP’s chart screams consolidation, but July 17 could force the breakout. Either way, grab popcorn—this one’s moving on headlines, not technicals.
XRP is currently showing signs of upward trend, trading just above the $3 support level. This level, which previously acted as resistance, has now flipped into short-term support. As of July 17, XRP is stuck in a critical zone between $2.90 and $3.00, an area that has historically acted as a major barrier for further gains.
According to analysts, XRP needs a confirmed daily candle close above the $3 mark to trigger a possible breakout. If that happens, the price could eye for the next resistance levels at $3.18 and eventually $3.40, the previous swing high from January. The $3.40 level also aligns with the 100% Fibonacci extension level, a key indicator often used to project bullish targets.
In the short term, there is a potential bullish “C-wave” pattern forming, hinting that XRP may have already started a new bullish move. However, there’s still some risk of short-term pullbacks if XRP fails to maintain momentum above the $2.90 support zone.
Technical indicators like the Relative Strength Index (RSI) are also showing early signs of a possible bullish continuation. A break above recent RSI highs could fully invalidate any lingering bearish signals and give bulls the upper hand.
If XRP manages to close above $3, it could open the door for a retest of $3.40 and possibly higher levels beyond that. But failure to break through this resistance could result in a short-term correction back toward $2.80.
Overall, the trend remains bullish, but the $3 resistance is the key level to watch this week. A strong breakout here could be the start of a bigger rally for XRP in the coming days. At the time of writing, XRP is up by more than 5% and is trading at $3.05.
