XRP Price Kicks Off Recovery Rally – Is This the Start of a Major Bullish Reversal?

XRP bulls are finally stirring after weeks of sideways action. The digital asset—long overshadowed by its legal battles—just printed its first meaningful green candle in July. But can it sustain momentum?

Signs of life or dead-cat bounce?

Trading volumes spiked 40% during the initial move, though skeptics note the rally coincides with a broader crypto market uptick (and let's be honest—most altcoins rise and fall with Bitcoin's whims). The real test comes at $0.55, where XRP faces make-or-break resistance.

What traders are watching

• Liquidation clusters above $0.52 could fuel short squeezes
• On-chain data shows whales accumulating at local lows
• RSI still hasn't hit overbought territory—room to run

Meanwhile, SEC lawyers probably still think XRP's 'decentralized' status is a punchline at cocktail parties. The token's fundamentals haven't changed—but in crypto, sometimes hype alone gets wheels turning.

XRP Price Eyes Fresh Increase

XRP price started a fresh decline below the $3.30 zone, unlike Bitcoin and Ethereum. The price declined below the $3.250 and $3.220 support levels.

The price dipped below the 50% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. The bears even pushed the price below the $3.120 support zone. Finally, the bulls appeared NEAR the $3.080 level.

The price found support near the 76.4% Fib retracement level of the upward move from the $3.004 swing low to the $3.330 high. Recently, there was a break above a bearish trend line with resistance at $3.120 on the hourly chart of the XRP/USD pair.

The price is now trading below $3.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.170 level. The first major resistance is near the $3.20 level. A clear move above the $3.20 resistance might send the price toward the $3.250 resistance. Any more gains might send the price toward the $3.330 resistance or even $3.350 in the near term. The next major hurdle for the bulls might be near the $3.40 zone.

Another Drop?

If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.080 level. The next major support is near the $3.020 level.

If there is a downside break and a close below the $3.020 level, the price might continue to decline toward the $3.00 support. The next major support sits near the $2.980 zone where the bulls might take a stand.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $3.080 and $3.020.

Major Resistance Levels – $3.170 and $3.20.