XRP News Today: XRP Completes Triple Tap Pattern Eyes 430% Surge Amid 12.1% Daily Dip

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 5:15 am ET1min read
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Aime RobotAime Summary

- CrediBULL Crypto identifies a completed "triple tap" pattern for XRP, signaling potential 430% growth amid Bitcoin-driven momentum.

- Elliott Wave analysis suggests a $1.90 stabilization point, with a 68% accuracy rate when combined with volume data per 2023 studies.

- XRP trades at $3.04 with $16.1B daily volume but faces short-term volatility after a 12.1% one-day dip.

- Crypto Basic forecasts a 1,233% surge to $32 by May 2025, contingent on sustained market confidence and bullish technical indicators.

- Rising moving averages and community optimism highlight XRP as a key asset in the broader crypto bull market.

The cryptocurrency market is closely watching XRP’s recent price movements, as technical analysts highlight a potential bullish pattern. CrediBULL Crypto (@CredibleCrypto) identified a completed "triple tap" formation for $XRP, a technical indicator where price tests a key support level three times, signaling a possible upward trend. The asset hit range highs near $3.51, aligning with a 430% surge in 2025, a rally partially attributed to Bitcoin’s momentum [1].

Elliott Wave Theory is being applied to assess short-term dynamics, with CrediBULL noting a "healthy" dip and a potential stabilization around $1.90. The analysis suggests the current pullback could form a fifth subwave on lower timeframes, a pattern often preceding sustained gains. This theory is supported by a 2023 Journal of Behavioral Finance study, which found 68% accuracy in crypto predictions when combined with volume analysis [1]. A flipped D3 supply level is now acting as support, challenging bearish narratives and mirroring historical breakouts tracked by Barchart.com [1].

Looking ahead, bullish projections hinge on maintaining upward momentum. A May 2025 report from Crypto Basic predicts a potential 1,233% growth to $32, but this scenario depends on continued market confidence [1]. Traders are advised to monitor retests of recent highs and potential short-term volatility, as the dip is described as a normal part of a broader uptrend. CoinMarketCap data as of July 24, 2025, shows $XRP trading at $3.04, with a 24-hour trading volume of $16.1 billion and a market cap of $180.1 billion, though the asset has declined 12.1% in the last day, reinforcing caution [1].

The technical landscape is further supported by rising moving averages and supply-level dynamics observed since early 2025, according to Changelly’s price predictions. For investors, the analysis offers a strategic entry point, but the crypto market’s inherent unpredictability remains a key risk. Community reactions on platforms like X reflect growing confidence in XRP’s trajectory, making it a focal asset amid broader bullish sentiment.

Source: [1] [XRP Price Analysis: CrediBULL Crypto Spots Triple Tap Pattern Amid Bullish Momentum] [https://coinmarketcap.com/community/articles/6881f60caa6ae55a2ddd7d69/]