XRP News Today: XRP Dips 10% as $2.97 Support Tested Following $3.66 Breakout Rejection

XRP was trading at approximately $3.14 on July 25, a 10% decline from its recent peak of $3.66 earlier in the week [1]. The price action reflects a volatile turnaround following a breakout from a long-standing trading range, with sharp sell-offs near the $3.60–$3.66 resistance zone raising questions about the sustainability of the rally. The current level is critical, as it sits just above a key support band at $2.97. A breakdown below this threshold could trigger further declines toward $2.34, where former resistance has shifted to support [1].

Technical indicators highlight weakening momentum. On the 4-hour chart, Bollinger Bands are expanding downward, and the price has fallen below the 20 EMA ($3.30) and 50 EMA ($3.06), with the 100 EMA ($2.77) acting as a potential downside target. The 30-minute RSI dropped to 36.6, entering a bearish zone, while MACD shows narrowing histograms and struggling bullish crossovers [1]. On-chain data adds to the caution: a $23.87 million net inflow on July 24 failed to drive proportional price gains, signaling buyer exhaustion [1].

Analysts note that XRP’s structure suggests a post-breakout retest phase. While a clean Break of Structure (BOS) above $2.40 and $2.80 supports a long-term bullish bias, the recent rejection at the $3.66 “Weak High” caps immediate upside. The symmetrical wedge breakout that propelled XRP above $2.40 in early July appears fully played out, with lower highs on shorter timeframes and candles riding the lower Bollinger Band, a pattern often preceding deeper corrections [1].

Short-term forecasts emphasize critical levels to watch. For the next 24 hours, XRP must hold above $3.00, with a rebound to $3.15–$3.20 seen as pivotal for stabilizing sentiment. A breakdown below $2.97 could accelerate a move toward $2.78 and potentially the $2.35 range. Conversely, a strong rebound above $3.30 might test $3.45–$3.50 but would require renewed inflows to surpass the $3.66 supply wall [1].

Key technical levels include support at $3.00 and $2.78, resistance at $3.30 and $3.50, and the daily Volume Point of Control near $2.97. The EMA cluster ($3.30, $3.06, $2.77) and expanding Bollinger Bands underscore the bearish bias in the near term. Momentum indicators like the Chande Momentum Oscillator (inferred from declining RSI-MACD structure) suggest fading upside impulse, reinforcing the need for caution [1].

Traders are advised to monitor volume dynamics and EMAs for signs of buyer re-entry. Until XRP closes above $3.30–$3.38 with conviction, large long positions may remain on hold. The current correction could persist into the weekend if demand fails to reappear at key support levels [1].

Source: [1] [title] [https://coinedition.com/xrp-price-prediction-for-july-25-2025/]