XRP News Today: XRP Completes Triple-Tap Pattern Price Surges 90% in 30 Days to $3.24

XRP has completed a technical formation known as the triple-tap pattern, signaling potential bullish momentum according to CrediBULL Crypto, a prominent cryptocurrency analyst. The triple-tap setup occurs when an asset tests a key support level three times before surging higher, indicating that selling pressure has waned and buyers have taken control. XRP’s price recently broke above $3.20, a critical threshold following its lows near $1.90, and is now retesting this level as support. This retesting suggests the flipped D3 supply zone on the daily chart has transitioned into a potential support area, a classic precursor to further gains in technical analysis [1].

The pattern’s completion aligns with Elliott Wave theory, where XRP may still be finalizing a small fifth sub-wave on lower timeframes. This sub-wave could conclude the initial five-wave impulse off the $1.90 bottom, setting the stage for a larger bullish cycle. Analysts note that a healthy correction following this structure is typical before the trend resumes. CrediBULL Crypto emphasized that the current pullback does not signal weakness but rather a natural pause within a broader uptrend [1].

Price action over the past month reflects significant strength. XRP surged over 90% in 30 days, climbing from $1.90 to a local high of $3.66. Despite a recent 2% decline, the asset remains well above its year-to-date lows. As of the latest report, XRP trades near $3.24, consolidating above the redefined support zone between $3.20 and $3.30. This consolidation follows a $140 million XRP transfer linked to Ripple co-founder Chris Larsen, which temporarily pressured the market. However, analysts, including CrediBULL Crypto, view such movements as routine and not indicative of a trend reversal [1].

The broader market context adds to XRP’s favorable outlook. Institutional interest in XRP-based ETFs is growing, and Ripple’s regulatory progress has reduced uncertainty. These factors, combined with the technical strength of the triple-tap setup, position XRP for further gains. Analysts project a long-term target range of $10–$30, contingent on sustained momentum above $3.20. A breakdown below this level could invite renewed selling pressure, particularly from institutional traders, but current conditions suggest buyers remain in control [2].

Short-term volatility persists due to broader cryptocurrency market turbulence. Altcoins like Ethereum have also faced sharp declines, prompting risk reassessments across the sector. Yet, XRP’s resilience is evident in its ability to stabilize above the $3.10 level after a 19% drop earlier in the week. Traders highlight that the rebound from the $3.00 psychological level could attract additional buying interest, reinforcing the bullish case [3].

While the triple-tap setup provides a structural foundation for a rebound, analysts caution that volume and broader cryptocurrency indices will be critical in confirming the trend’s sustainability. A decisive reassertion above $3.20 would validate the pattern’s bullish implications, whereas a failure to hold this level could signal a shift in momentum. The interplay between Korean exchange activity and global liquidity dynamics remains a key variable, with potential shifts influencing XRP’s trajectory in the near term [4].

In summary, XRP’s recent price action reflects a blend of technical optimism and market-wide caution. The triple-tap setup, combined with favorable Elliott Wave projections, suggests a high probability of continued gains. However, traders must monitor volume and broader market conditions to assess the risk of a wider trend reversal. As XRP retests its key support-turned-resistance levels, the focus will remain on whether buyers can maintain control and drive the asset toward higher targets.

Sources:

[1] [XRP Completes Triple-Tap Setup, Analyst Says Chart Remains Bullish](https://timestabloid.com/xrp-completes-triple-tap-setup-analyst-says-chart-remains-bullish/)

[2] [XRP Drops Below $3.20: Are Sellers On Korean Exchanges the Reason?](https://www.benzinga.com/crypto/cryptocurrency/25/07/46602627/xrp-drops-below-3-20-are-sellers-on-korean-exchanges-the-reason)

[3] [XRP Tanks 10%, Analysts Say $10–$30 Still in Sight After Healthy Pullback](https://coinpedia.org/news/xrp-tanks-10-analysts-say-10-30-still-in-sight-after-healthy-pullback/)

[4] [XRP Price Drops 19% but Analysts Say It’s a ‘Healthy Correction’](https://cryptoadventure.com/xrp-price-drops-19-but-analysts-say-its-a-healthy-correction)