XRP Price Surge: Bullish Momentum Signals Potential Breakout Above $3.00
XRP has recently surged past the $3.00 mark, showcasing strong bullish momentum as traders anticipate further gains. The cryptocurrency is currently consolidating above a critical support level at $2.840, with technical indicators pointing to the possibility of another upward move. A decisive break above $3.00 could trigger accelerated gains, especially if XRP maintains its position above the 100-hour moving average. Market participants are closely monitoring the $2.880 support level for signs of sustained bullish activity. This development highlights XRP's growing strength in the market and its potential for continued growth in the near term.
XRP Price Eyes Fresh Gains Amid Bullish Momentum
XRP has surged past the $3.00 mark, signaling renewed bullish momentum as traders position for further upside. The cryptocurrency now consolidates above key support at $2.840, with technical indicators suggesting potential for another leg higher.
A decisive break above $3.00 could accelerate gains, particularly if the asset maintains its foothold above the 100-hour moving average. Market participants are closely watching the $2.880 support level, where a bullish trendline has formed on hourly charts.
The move mirrors broader market strength seen in Bitcoin and Ethereum, with XRP demonstrating relative outperformance. Liquidity appears concentrated near the $2.80-$2.85 zone, creating a potential springboard for another test of recent highs.
XRP Tests $2.93 Resistance Four Times As Institutional Selling Emerges
XRP faced repeated rejection at the $2.93 resistance level during Tuesday's session, with institutional sellers actively defending the threshold. Four separate breakout attempts between $2.92-$2.93 were met with coordinated selling at 12:00, 13:00, 17:00, and 18:00 UTC.
Market makers established firm support at $2.85, creating a clear trading range. Volume spikes exceeding the 78.9 million daily average occurred during accumulation windows at 14:00 and 19:00, revealing institutional positioning patterns. The session closed with a 0.69% rebound from $2.87 to $2.90 on volumes surpassing 2 million tokens.
This activity coincides with corporate rebalancing ahead of ProShares' XRP Futures ETF launch on July 18. The $2.85-$2.93 channel now serves as a battleground between institutional profit-taking and ETF-driven accumulation.
Ripple Partners with Ctrl Alt to Secure Dubai’s Tokenized Real Estate on XRP Ledger
Ripple has joined forces with tokenization platform Ctrl Alt to bolster the Dubai Land Department's Real Estate Tokenization Project. The partnership leverages Ripple's institutional-grade custody technology to securely store tokenized property title deeds issued on the XRP Ledger.
Ctrl Alt emerges as Ripple's inaugural major custody partner in the UAE, marking a strategic expansion of Ripple's custody network across Europe, the Middle East, Africa, Asia-Pacific, and Latin America. "This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain," said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa.
The collaboration underscores the XRP Ledger's growing prominence in institutional financial applications. Dubai's adoption of XRPL for property tokenization signals confidence in blockchain's potential to transform traditional asset markets.
XRP Eyes $3 as ETF Launch Sparks Institutional Rebalancing
XRP consolidates NEAR key levels as institutional players position ahead of the ProShares XRP Futures ETF debut on July 18. The $2.85-$2.93 range has emerged as a battleground, with corporate treasuries accumulating at support while facing stiff resistance near psychological $3.00.
Repeated rejections at $2.93—occurring during four separate trading sessions—contrast with strong defense of $2.85 support. The formation of higher intraday lows and a late-session surge from $2.88 to $2.90 on elevated volume signal underlying bullish sentiment.
Market participants await a decisive breakout above $2.93, which WOULD require trading volume exceeding 100 million tokens to confirm validity. Such a move could catalyze broader institutional participation currently constrained by regulatory uncertainties.
XRP Price Climbs Amid Declining Volume as Market Cap Nears $173 Billion
Ripple's XRP gained 2.51% to trade at $2.93 on Wednesday, extending its weekly rally to 26.02% despite a 38.24% drop in daily trading volume. The cryptocurrency's market capitalization now stands at $173.35 billion, even as the $7.17 billion traded suggests waning trader interest.
Market dynamics reveal a curious divergence—price appreciation coinciding with shrinking liquidity. This typically signals either consolidation before another leg up or weakening demand. Meanwhile, Ethereum Name Service, Pump.fun and Artificial Superintelligence Alliance led gainers, while Fartcoin and Monero underperformed.
The broader market continues grappling with fundamental questions about tokenomics. New listings still drive bullish momentum through enhanced liquidity and adoption, as seen with recent exchange additions. Conversely, security breaches remain an existential threat—exploits draining exchange hot wallets can trigger cascading sell pressure when attackers offload stolen assets.
Ripple (XRP) Tests Critical $3 Resistance Amid Surging Buy Volume
XRP buyers have propelled the cryptocurrency to $3 this week, marking a 30% rally from $2.3. This surge represents the first challenge to the $3 resistance level since March, with buy volume exploding across exchanges.
The $3 threshold now serves as a make-or-break level. A confirmed breakout could pave the way for new all-time highs, targeting $3.4 and potentially $3.6. Failure to hold this level may invite renewed selling pressure.
Technical indicators support bullish momentum, with the weekly MACD turning positive. This suggests sustained upward potential despite short-term resistance battles. Market participants are watching the coming days closely for confirmation of trend direction.
