XRP is currently showing signs of an upward trend, trading just above the $3 support level. This level, which previously acted as resistance, has now flipped into short-term support. As of July 17, XRP is stuck in a critical zone between $2.90 and $3.00, an area that has historically acted as a major barrier for further gains.
According to analysts, XRP needs a confirmed daily candle close above the $3 mark to trigger a possible breakout. If that happens, the price could eye for the next resistance levels at $3.18 and eventually $3.40, the previous swing high from January. The $3.40 level also aligns with the 100% Fibonacci extension level, a key indicator often used to project bullish targets.
In the short term, there is a potential bullish “C-wave” pattern forming, hinting that XRP may have already started a new bullish move. However, there’s still some risk of short-term pullbacks if XRP fails to maintain momentum above the $2.90 support zone.
Technical indicators like the Relative Strength Index (RSI) are also showing early signs of a possible bullish continuation. A break above recent RSI highs could fully invalidate any lingering bearish signals and give bulls the upper hand.
If XRP manages to close above $3, it could open the door for a retest of $3.40 and possibly higher levels beyond that. But failure to break through this resistance could result in a short-term correction back toward $2.80.
Overall, the trend remains bullish, but the $3 resistance is the key level to watch this week. A strong breakout here could be the start of a bigger rally for XRP in the coming days. At the time of writing, XRP is up by more than 5% and is trading at $3.05.
XRP’s price surge is partly due to “Crypto Week” in the U.S. House of Representatives discussing new crypto bills, interest rate cut expectations, and broader bullish crypto market momentum.
Future XRP price is influenced by potential spot XRP ETFs, Ripple’s push for a U.S. bank charter, adoption of its RLUSD stablecoin, and regulatory clarity.
Latest news includes XRP nearing a key $3 breakout, upcoming XRP Futures ETF launch (July 18), Ripple’s bank charter application, and increased institutional interest.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market has faced a sharp downturn, with major assets like Bitcoin and Solana…
The XRP price has continued to trade in a narrowing price action that’s getting tighter,…
Morgan Stanley, managing $1.3 trillion in assets, has lifted restrictions on Bitcoin and crypto investments…
Story Highlights The Ethereum price today is . ETH price with a potential surge could…
The Bitcoin price has shown remarkable strength at the start of Q4, trading around $121,302…
Kalshi, an online prediction market platform, has raised over $300 million in a funding round,…
