XRP Stalls at $3.12—Ripple’s Senate Win Fails to Ignite Rally

Ripple’s regulatory victory lap hits a wall as XRP refuses to budge past $3.12. Senate support? Apparently not enough to move the needle.

Market shrugs at political tailwinds

The token’s stagnation comes despite Ripple’s recent lobbying triumph—proof that in crypto, even government endorsements can’t override trader apathy. Bulls expected a breakout; what they got was another lesson in ‘buy the rumor, sell the news.’

Liquidity crunch or just fatigue?

With trading volumes thinning faster than a DeFi project’s treasury reserves, XRP’s sideways action suggests either accumulation...or impending trouble. Watch those support levels—when Wall Street’s algo traders wake up, things could get volatile fast.

Another day, another crypto asset failing to live up to the hype. At least the SEC can’t blame this one on ‘unregistered securities.’

Why Is XRP Falling Despite Regulatory Progress?

Ripple made headlines on July 29 when its CEO testified before the U.S. Senate Banking Committee, calling for stronger rules and clearer guidelines for digital assets and stablecoins. This event was seen as a positive move that could help XRP and the broader crypto market gain more legal clarity, potentially reducing risks for investors and institutions.

But despite this, XRP hasn’t rallied. Instead, the price has dipped slightly. This shows that short-term traders are more focused on technical signals and overall market trends than on longer-term regulatory news.

Earlier this week, XRP dropped 3.5% to $3.07, reinforcing concerns that macro market conditions and investor sentiment are currently driving price more than any single news event.

XRP Technical Analysis: Mixed Outlook

Technical indicators give a mixed picture of XRP’s direction.

• Relative Strength Index (RSI): XRP’s RSI stands at 57.22, which is considered neutral. This means the asset is neither overbought nor oversold, and the price could move either way in the short term.

• MACD Indicator: The MACD shows a bearish trend, with the histogram at -0.0532 and the MACD line still below the signal line. This suggests downside momentum may continue unless buyers step in soon.

• Moving Averages:

  • XRP is trading above its 50-day ($2.59) and 200-day SMA ($2.45), signaling a strong long-term uptrend.

  • However, XRP is trading below its 7-day SMA ($3.15) and 20-day SMA ($3.17), showing short-term weakness.

• Bollinger Bands: XRP is currently sitting near the middle of its Bollinger Bands, which points to moderate volatility and room for movement in either direction.

Support and Resistance Levels for XRP

Understanding key support and resistance areas is crucial for planning trades:

• Support Zones:

  • $3.05: This is the lower edge of XRP’s 24-hour trading range.

  • $2.51: A stronger support level, where buyers have historically stepped in.

  • $1.91: Long-term support if deeper correction occurs.

• Resistance Zones:

  • $3.19: Short-term resistance level. A break above could signal new buying momentum.

  • $3.66: A major resistance point aligned with the Bollinger Band upper boundary and near the 52-week high ($3.55). Breaking this would be a bullish signal.

• ATR (Average True Range): XRP’s ATR stands at $0.18, which indicates moderate price swings — useful for setting stop-loss and take-profit levels.

Should You Buy XRP Now?

Whether to invest in XRP now depends on your trading style and risk tolerance:

• Short-Term Traders (Swing/Day Trading):

  • Wait for a breakout above $3.19 with strong volume for confirmation before entering long positions.

  • Conservative traders may prefer to stay on the sidelines until bearish momentum fades.

• Aggressive Traders:

  • Consider buying near $2.51 support with a stop-loss below $2.30.

  • Potential upside target is the $3.66 resistance for a favorable risk-reward trade.

• Long-Term Investors:

  • Positive regulatory developments may support XRP’s long-term growth.

  • Buying at current levels could be a good entry point, but be prepared for volatility and possible retests of lower support zones.

Market Sentiment Still Rules

Despite Ripple’s progress in Washington, XRP’s short-term price movement is still tied closely to broader market sentiment, especially Bitcoin’s performance. BTC often leads market trends, so XRP may struggle to move independently until crypto market confidence improves.

Also, technical traders seem to be in control right now. So even if Ripple gets more legal clarity, XRP’s price may not react strongly unless major resistance levels are broken.

Conclusion

XRP is at a pivotal level NEAR $3.12, caught between positive news and bearish short-term signals. Regulatory clarity is improving, thanks to Ripple’s Senate efforts, but market sentiment and technical trends suggest caution.

In the coming days, watch the $3.05–$3.19 trading range closely. A MOVE above $3.19 could lead to bullish momentum, while a fall below $3.05 may push XRP toward $2.51 support. For now, XRP traders should stay alert, manage risk, and monitor both technical signals and broader market moves.