XRP News Today: XRP Bounces 10% From $3.06 as Cup and Saucer Pattern Forms, ETF Delays Cause 6% Dip But Bulls Remain Optimistic

XRP’s price action has drawn attention as traders and analysts highlight potential bullish signals following multiple rejections at the $3.65 level. On July 24, 2025, the cryptocurrency staged a notable recovery, rebounding from nearly $3 after a 10% decline earlier in the week. A key breakout occurred between 10:46–10:48 GMT, propelling prices from $3.06 to $3.09 on above-average trading volume, signaling short-term momentum [1]. This movement coincided with a broader bullish flag pattern formation, as noted by analysts who remain optimistic despite ongoing regulatory challenges, such as the SEC’s delayed approval of the Bitwise crypto ETF [2].

The recent price trajectory has been marked by a critical consolidation phase. On July 4, XRP surged to all-time highs near $3.61–$3.66 before entering a period of steady consolidation. Traders interpreted this as a sign of bullish continuation rather than a reversal, suggesting institutional or retail buyers were accumulating during pullbacks [3]. By mid-July, the asset faced two significant tests at $3.65, a level it failed to surpass both times. However, the manner of these rejections—characterized by strong volume and rapid rebounds—was viewed as a positive indicator by technical analysts.

A 30-minute chart analysis on July 24 further reinforced the case for a potential rally. At $3.4665, XRP was observed forming a bullish reversal setup from a key support zone, aligning with the broader narrative of resilience amid volatility [4]. Analysts emphasized that the price’s ability to hold above critical support levels, coupled with above-average volume during rebounds, strengthened the likelihood of a sustained upward trend. This technical optimism was echoed in market sentiment reports, which highlighted the asset’s ability to outperform peers during periods of broader crypto market uncertainty.

The regulatory environment remains a wildcard. While the SEC’s delayed decision on the Bitwise crypto ETF caused a 6% dip in XRP on July 23, long-term investors have remained focused on the asset’s fundamentals. Analysts attributed the dip to short-term fear rather than structural weakness, noting that the price quickly recovered to pre-dip levels within 48 hours [2]. This resilience has led some traders to position XRP as a speculative play for those anticipating regulatory clarity in the latter half of 2025.

Technical analysts have identified a Cup and Saucer pattern on XRP’s price chart, formed after the double rejection at $3.65. This consolidation phase, characterized by higher lows, suggests sustained bullish momentum. The pattern remains incomplete, indicating further upward movement could occur before any significant decline. The positioning of the pattern above prior resistance zones increases the probability of a breakout rather than a breakdown, according to technical assessments [1]. A successful break above $3.65 could trigger renewed momentum toward all-time highs above $3.80.

Regulatory developments have also bolstered XRP’s market position. The SEC’s initial approval of the Bitwise 10 Crypto Index Fund, which includes XRP, was followed by the first XRP ETF approval, opening new investment channels for institutions and retail investors. Grayscale’s application to convert its Digital Large Cap Fund into an ETF structure further signals growing institutional interest [1]. These developments, combined with favorable technical indicators, create multiple catalysts supporting XRP’s upward trajectory.

The convergence of technical and fundamental factors suggests XRP’s rally may have additional room to run despite current resistance challenges. The Cup and Saucer pattern, alongside expanding institutional access through ETF approvals, provides a foundation for potential price advancement beyond current levels. However, the $3.65 resistance remains the critical hurdle for confirming the continuation of XRP’s upward trend toward new all-time highs above $3.80 [1].

Sources:

[1] [XRP Price Action Forms Bullish Pattern Despite Double Rejection At $3.65] [https://coinmarketcap.com/community/articles/68831fb57d1070328ddde5ce/]

[2] [XRP drops 6% as SEC delays Bitwise crypto ETF — is this ...] [https://m.economictimes.com/news/international/us/xrp-sinks-6-percent-again-as-sec-delays-bitwise-crypto-etf-is-the-dip-a-red-flag-or-a-golden-buy-signal-heres-the-2025-xrp-price-prediction-you-need-to-see/articleshow/122859722.cms]

[3] [BNZWhizz's Profile | Binance Square] [https://www.binance.com/square/profile/marketbnzz]

[4] [XRP Trade Ideas — BITSTAMP:XRPUSD] [https://www.tradingview.com/symbols/XRPUSD/ideas/?sort=recent&video=yes]