XRP News Today: XRP Hits Key Resistance After 30% July Gain

XRP, the cryptocurrency associated with Ripple, has recently reached a significant resistance level, drawing attention from traders and analysts alike. According to respected trader DonAlt, the current price action marks a crucial moment that could determine XRP’s short-term trajectory. The asset is now trading around $2.91 after gaining more than 30 percent in July, bringing it to a price zone last seen before its historic rally, which began in a similar consolidation area.

DonAlt has highlighted this zone as a "Decision time," suggesting that a significant change might be on the horizon. The chart he shared circles the 2017 order block—a zone that previously served as a launchpad for XRP’s strongest breakout. The same zone is once again being tested, and speculation is rife that the old rally pattern might recur. In late 2024, DonAlt was one of the first to mention the price structure of XRP before the coin grew by 500 percent. The same pattern can be observed on the current chart, where the upward trend lasted multiple months, with the resistance subsequently being tightened.

Traders are closely monitoring whether the asset will break above the resistance or face rejection. A successful breakout could indicate the beginning of a larger upward move. Conversely, failure at this level may lead to a reversal or a prolonged lateral trend. The technical setup is also drawing comments as it mirrors one of the previous breakout phases. An interplay between stacking and resistance tests has contributed to XRP’s best performance in the past, and the same formation seems to be emerging again.

DonAlt’s minimal chart, devoid of price targets, has still captured market attention due to his past accuracy. The fact that he highlighted this zone again has added credibility to the possibility of another major move. Supported by a strong July performance, the current resistance area is viewed as a decisive point for XRP. The price’s sensitivity to this area can set the tone for its future course.

In summary, XRP’s approach to a key resistance zone has become a central focus. The coming sessions may provide clarity on whether a breakout is underway or not. The cryptocurrency has shown bullish chart signals and strong institutional support, with the potential for further gains if key resistance levels are breached. The favorable regulatory narrative and rising on-chain demand make XRP a compelling investment opportunity, but investors should be aware of the risks and uncertainties associated with cryptocurrency markets.