XRP’s Bull Rally at a Crossroads: Will Support Hold or Trigger a Deeper Pullback?
XRP's impressive surge above $3.60 in late 2025, driven by institutional adoption and regulatory breakthroughs, has encountered a slowdown. The cryptocurrency is currently consolidating between key support at $3.16 and resistance at $3.30, raising questions about whether this is a temporary pause or the start of a more significant correction. Market analysts highlight the formation of higher lows, suggesting underlying strength despite waning bullish momentum. The $3.16-$3.20 zone is now a critical area to watch, as its ability to hold could determine XRP's next major move. This article delves into the factors influencing XRP's current price action and what traders can expect in the coming weeks.
XRP Price Correction Sparks Debate: Bull Rally Pause or Deeper Pullback?
XRP's meteoric rise above $3.60 in late 2025—fueled by institutional adoption and regulatory milestones—has hit a stumbling block. The digital asset now consolidates between $3.16 support and $3.30 resistance after failing to sustain its breakout momentum.
Market technicians note the formation of higher lows despite cooled bullish sentiment. The $3.16-$3.20 zone emerges as a critical battleground: holding this floor could reignite upward trajectories toward $3.40, while a breakdown below $3.00 may signal extended downside.
Analysts remain divided on whether current volatility reflects healthy profit-taking or waning institutional interest. 'The structural narrative remains intact,' observes one trader, 'but liquidity conditions have shifted since the ETF approvals.'
XRP Price Prediction For July 28
XRP clings to recent gains after a weekend rally, now testing critical resistance levels that could dictate its next move. The token opened the week with muted volatility, inching upward but meeting stiff resistance at the $3.32–$3.40 band—a zone marked by historical selling pressure and a fair value gap.
Market participants await a decisive breakout above $3.42, which could propel prices toward the $3.84–$4.72 range. Conversely, failure to sustain momentum may trigger a retreat to immediate support at $3.15, with a breach below $2.75 potentially signaling deeper correction territory.
The broader technical structure remains constructive, though global macro conditions loom as a wildcard for crypto markets. XRP’s ability to hold above key trendlines suggests accumulation, but the $2.65 level now serves as a litmus test for bullish validity.
XRP Price Analysis: Short Squeeze or Sell-Off Looming Amid Record Open Interest
XRP's price action appears subdued after an 8.8% weekly decline, but underlying derivatives data suggests brewing volatility. The asset faces a critical juncture at the $3.00-$3.20 range following rejection at $3.50, with Binance's Open Interest peaking at $3.9 billion before modest retracement.
Market sentiment leans bearish as CoinGlass data reveals shorts dominate futures positions at 50.77% versus 49.23% longs. This imbalance creates potential for a violent short squeeze should bullish momentum emerge. Exchange netflows compound bearish signals, with $1.28 million in XRP moving to trading platforms over two consecutive days.
Analysts remain divided on next moves. Some interpret the crowded short trade as a bear trap setup, while continued capital inflows into derivatives markets could trigger cascading liquidations. The $2.90 support level emerges as a key threshold should downward pressure intensify.
XRP Tests Key Support Level Amid Neutral Technical Signals
Ripple's XRP hovers NEAR a critical juncture at $3.14, marking a 2.06% decline as technical factors dominate price action in the absence of major fundamental catalysts. The cryptocurrency's neutral RSI reading of 58.46 suggests balanced momentum, with traders closely monitoring the $3.66 resistance and $2.30 support levels.
Market activity appears driven by chart-based strategies rather than news flow, reflecting a broader trend of crypto assets trading on technical merit during periods of low volatility. The XRP/USDT pair's movement between established thresholds underscores the asset's current dependence on mechanical trading signals.
XRP Price Prediction: Analyst Forecasts $10–$15 Rally as Technicals Turn Bullish
XRP is showing strong bullish momentum after breaking key resistance at $3.23, with prominent analyst XRPunkie predicting a Wave 3 rally could propel prices to $10–$15. The cryptocurrency has formed a series of higher lows, signaling growing investor confidence.
Technical analysis suggests XRP has exited a prolonged consolidation phase, with the 21 EMA and 33 SMA now sloping upward. Fibonacci extension levels indicate multiple potential profit-taking zones during the anticipated upward move.
Market observers note the current price action aligns with Elliott Wave theory's third wave pattern—typically the most dynamic phase of a trend. The $3.30 level remains critical resistance, with a sustained break potentially accelerating gains.
Hyperscale Data Initiates $10M XRP Accumulation Strategy, Shares Surge 12%
Hyperscale Data has commenced its planned $10 million XRP acquisition, triggering a 12% rally in its stock price. The data center firm will publish weekly transparency reports detailing its XRP holdings, with the first update scheduled for August 12.
The company positions XRP as a strategic asset for cross-border value transfer, with its board considering program expansion and a potential 36-month lockup period. "Our weekly disclosures provide investors with execution visibility during this experimental phase of corporate crypto adoption," stated Executive Chairman Milton Ault III.
