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XRP Eyes $3.00 as Bullish Momentum and Regulatory Optimism Fuel Rally

XRP Eyes $3.00 as Bullish Momentum and Regulatory Optimism Fuel Rally

Author:
XRP News
Published:
2025-07-29 11:45:39
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[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

XRP has surged 5.53% to $2.58, with trading volume spiking 29.96% to $7.26 billion, marking a 16.14% weekly gain. The cryptocurrency is now at a critical juncture, with a confirmed breakout above $2.50 potentially propelling prices toward $3.00. However, rejection at this level could trigger a retreat to the $2.00-$2.10 support zone. Technical indicators present conflicting signals: the RSI at 73.86 suggests overbought conditions, while a bullish MACD crossover indicates continued upward momentum. This rally comes amid growing regulatory optimism, which has bolstered investor confidence in XRP. As of July 29, 2025, the market is closely watching whether XRP can sustain its bullish trajectory and break through key resistance levels.

XRP Tests Key Resistance Amid Bullish Momentum and Regulatory Optimism

XRP surged 5.53% to $2.58 with trading volume spiking 29.96% to $7.26 billion, marking a 16.14% weekly gain. The rally positions the asset at a critical juncture—a confirmed breakout above $2.50 could propel prices toward $3.00, while rejection may trigger a retreat to the $2.00-$2.10 support zone.

Technical indicators flash conflicting signals: the RSI at 73.86 suggests overbought conditions, yet a bullish MACD crossover reinforces upward momentum. Market participants note heightened volatility risks as CoinCodeCap Trading identifies a 20% profit potential on successful $3.00 targeting.

Fundamental catalysts include a $400 million treasury purchase and growing speculation about U.S. regulatory clarity. Support levels firm at $2.10 and $1.60, with resistance looming at $3.84—a level last tested during the 2021 bull run.

XRP Surges 6% on Breakout From Descending Wedge Amid Whale Accumulation

XRP rallied 6% between July 10 and July 11, breaking out from a multi-week descending wedge pattern — a technical formation often preceding significant price movements. The cryptocurrency climbed from $2.42 to $2.57, with a notable breakout at 21:00 UTC on July 10 that saw prices jump from $2.50 to $2.56 on volume 168% above the 24-hour average.

Market sentiment improved as Ripple's RLUSD stablecoin surpassed $500 million in market capitalization, marking a milestone for the XRP ecosystem. Traders are increasingly betting on favorable regulatory outcomes for Ripple in both U.S. and Asia-Pacific jurisdictions, fueling institutional participation.

Whale activity reached notable levels, with addresses holding over 1 million XRP now controlling 47.32 billion tokens. The asset established fresh support at $2.53, with consolidation above $2.54 confirming trend continuation. Resistance at $2.56 temporarily capped gains, though analysts eye $2.70–$2.90 as the next key upside target.

XRP Surges Past $2.50 as Whale Activity and Technical Breakout Fuel Rally

XRP cleared a critical resistance level at $2.50, rallying 6% to $2.59 amid a surge in trading volume and whale accumulation. The breakout followed a descending wedge pattern—a bullish reversal signal—validated by a 168% spike in volume. Over 219 million tokens changed hands, dwarfing the 24-hour average of 81.85 million.

Institutional interest appears to be mounting, with large wallets holding 1 million+ XRP driving momentum. Fresh support has emerged at $2.53, though minor profit-taking lingers. The MOVE underscores a broader shift in sentiment as traders eye higher targets.

XRP Trading Volume Surges on Upbit, Overtakes Binance in 24-Hour Activity

XRP, the native token of the XRP Ledger, has experienced an unprecedented surge in trading volume on South Korea's Upbit, eclipsing global leader Binance. Upbit recorded $269.22 million in spot trading volume, with $161.62 million occurring in a single hour—a rarity for altcoins outside Bitcoin and Ethereum.

The divergence between exchanges is striking: while Binance saw net outflows totaling $226.76 million, Upbit registered $103.32 million in net inflows. This suggests institutional players or large traders are repositioning XRP holdings through the Korean exchange rather than global platforms.

Market analysts note such concentrated hourly volume typically precedes major price movements or reflects arbitrage opportunities between regional markets. The anomaly comes as XRP maintains its position as one of the most liquid altcoins despite ongoing regulatory scrutiny.

XRP Price Rallies 10% Amid Legal Optimism, Yet Traders Flock to AI Presale

XRP surged 10% to $2.40 as Ripple's legal team signaled potential resolution in the SEC lawsuit, coupled with technical upgrades to the XRP Ledger. The rally defies broader market weakness, positioning the token as a standout performer.

Despite XRP's gains, investor attention pivots to Unilabs Finance's presale, which has attracted 2,000 participants seeking exponential returns. The AI-focused project has raised $5 million in its third funding round, with promoters touting 10,000% return potential post-launch.

Market dynamics reveal a split focus: institutional traders accumulate XRP on Coinbase and Binance amid improving regulatory clarity, while retail speculators chase high-risk, high-reward alternatives like UNIL. The divergence underscores crypto's dual narratives of established asset maturation and speculative innovation.

XRP Gains Momentum as Price Eyes Breakout Above Critical Resistance

Ripple's XRP surged 5% to $2.42, testing a key resistance zone between $2.31 and $2.36 that has capped gains for weeks. A decisive close above this barrier could propel the token toward $2.60, matching mid-May highs.

Traders note the rising wedge pattern forming on shorter timeframes, suggesting potential volatility ahead. The $2.36 level now serves as a litmus test—conversion to support WOULD confirm bullish conviction, while rejection may trigger profit-taking.

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