XRP News Today: XRP's 3% Drop to $3.44 Not Bearish Reversal as On-Chain Activity and RSI 78 Suggest Rally Intact

XRP’s recent price correction to $3.44 has drawn attention, but analysts argue the rally remains intact due to robust on-chain activity and technical indicators. Despite a 3% daily decline, the token has maintained key support levels, with over 1.35 million transactions processed on the XRP Ledger on July 21, signaling sustained demand and utility [1]. The Relative Strength Index (RSI) remains at 78, a level typically associated with overbought conditions, suggesting bullish momentum persists without immediate reversal risks [2]. Market observers view the pullback as a consolidation phase rather than a bearish reversal, emphasizing the asset’s structural strength. Whale accumulation patterns further reinforce institutional interest, with some analysts forecasting a potential $10 price target by 2025, though such projections remain speculative [3].

Technical analysis highlights XRP’s resilience. The $3.44 pullback is seen as a liquidity adjustment, with resistance near $3.60 still intact [4]. Analysts caution a retest of the $3.30–$3.55 range is likely but stress the long-term trend remains positive [5]. Broader market sentiment is bolstered by macroeconomic factors, including a July 23 trade deal that boosted the Dow Jones by 370 points, reflecting positive spillovers into risk assets [6].

XRP’s utility as a payment solution continues to underpin its value. The blockchain’s transaction throughput competes with traditional systems, and its market capitalization briefly surpassed blue-chip stocks like McDonald’s and American Express earlier this year [7]. This utility, combined with strong on-chain metrics, positions XRP as a focal point in the ongoing crypto rally.

While short-term volatility is expected, the underlying fundamentals remain robust. Analysts advise monitoring whale behavior and key price levels, noting that high RSI readings in bull phases can persist without abrupt downturns [8]. The asset’s performance in July—marked by a 70% surge—further underscores its capacity for rapid appreciation amid strong network activity.

The Shiba Inu (SHIB) team’s optimism about an 800% price surge by 2025, echoing its 2021 bull run, reflects broader meme coin sector enthusiasm but is not directly tied to XRP [9]. Meanwhile, JPMorgan’s exploration of Bitcoin and Ethereum-backed loans highlights growing institutional crypto adoption, though this development does not directly influence XRP’s trajectory [10].

In summary, XRP’s on-chain activity and technical setup indicate a healthy correction rather than a bearish reversal. Market participants are advised to focus on key support/resistance levels and whale movements while acknowledging speculative forecasts like the $10 target. The asset’s resilience and utility position it as a key player in the crypto market’s evolution.

Sources:

[1] [U.Today](https://u.today/xrp-rally-not-over-jpmorgan-eyes-bitcoin-backed-loans-shib-price-may-soar-800-in-one-week)

[2] [U.Today](https://u.today/no-xrp-rally-not-over)

[3] [Economic Times](https://m.economictimes.com/news/international/us/xrp-falls-to-3-52-will-ripple-rocket-to-10-in-2025-after-this-whale-driven-breakout-articleshow/122839143.cms)

[4] [AInvest](https://www.ainvest.com/news/xrp-news-today-xrp-gains-momentum-94-whale-selling-drop-technical-analysis-points-3-60-breakout-2507/)

[5] [Crypto News](https://crypto.news/july-2025-crypto-price-predictions-btc-eth-xrp-sol-doge-hype-sui-link-avax/)

[6] [Economic Times](https://m.economictimes.com/crypto-news-today-live-23-jul-2025/liveblog/122843865.cms)

[7] [CoinJournal](https://coinjournal.net/news/xrp-price-staggers-as-ripple-moves-200-million-tokens/)

[8] [U.Today](https://u.today/xrp-rally-not-over-jpmorgan-eyes-bitcoin-backed-loans-shib-price-may-soar-800-in-one-week)

[9] [U.Today](https://u.today/xrp-rally-not-over-jpmorgan-eyes-bitcoin-backed-loans-shib-price-may-soar-800-in-one-week)

[10] [Financial Times](https://u.today/xrp-rally-not-over-jpmorgan-eyes-bitcoin-backed-loans-shib-price-may-soar-800-in-one-week)