XRP News Today: XRP Holds $2.40 Support Amid Consolidation and $3.60 Breakout Anticipation

XRP has held its key support level at $2.40, providing a crucial technical buffer amid broader crypto market volatility. The price has stabilized near this level, with traders closely monitoring whether the asset can retest and break through the $3.60 resistance zone, which has previously acted as a ceiling. Analysts suggest that a successful breakout could pave the way for a rally toward the $4 level, a key psychological threshold that has historically marked significant turning points for XRP [1].

The recent price trajectory saw XRP surge over 550% from $0.45 to $3.30 before retracing, settling around $2.95 in a consolidation phase. This consolidation has formed a clear structure, with higher highs and higher lows intact, indicating that bullish momentum remains in place despite short-term pullbacks. The $2.00 level is considered a deeper safety net, while the $3.30 to $3.60 range remains a critical barrier. Breaking above this zone would require strong volume and renewed buying interest [1].

Technical analysts have highlighted that the current price action may be part of a final corrective wave before a potential sharp move upward. XForceGlobal, for example, suggested that XRP could be entering the last phase of a WXY wave structure, with the 61.8% to 161.8% retracement zone presenting a prime buying opportunity. If this scenario plays out, it could mark one of the last “cheap” entry points before a significant rally past $4 [1].

CoinGecko data shows XRP down nearly 7% in the past 24 hours and over 5% weekly, reflecting broader market corrections. Despite the decline, the bullish trend remains intact, with the structure showing resilience. The market is now waiting for a definitive move—either a break above $3.60 or a breakdown below $2.40—to determine the next phase of the asset’s trajectory [1].

While some forecasts remain optimistic, it is important to distinguish between actual market movements and analyst projections. One analyst on TradingView predicted a 200% surge by September 2025, potentially pushing XRP to $9. However, this remains speculative and should be considered a forecast rather than a confirmed trajectory. As of July 30, the price was trading at $3.10, with a minor 1% daily decline observed [2].

The ongoing performance of XRP will depend on a range of factors, including broader market sentiment, regulatory clarity, and on-chain activity. As one of the largest altcoins by market capitalization, XRP continues to attract attention from both retail and institutional investors, making its price movements a key indicator of overall market direction.

[1] Blockonomi

https://blockonomi.com/xrp-price-holds-2-40-support-can-bulls-break-3-60-and-target-4-next/

[2] TradingView

https://www.tradingview.com/news/financemagnates:d296fed70094b:0-xrp-price-will-hit-9-as-analysts-predict-200-surge-by-september-2025/