XRP News Today: XRP Dips 10.2% as Mixed Signals Cloud Path to $5.80 Bull Target

XRP has remained in a trading range near $3.12, with mixed signals from technical indicators and on-chain activity suggesting a potential pause in its recent bullish momentum. The token’s 7-day price decline of 10.2% to $3.12 has left it approximately 20% below its July 4 high of $3.66, despite a broader crypto market showing divergent trends, with Bitcoin down 2.3% and Ethereum up 2.6% [1]. Analysts highlight conflicting narratives: while some argue XRP’s on-chain data reflects strong buyer conviction, others caution that unresolved resistance at $3.30 could extend the consolidation phase.

Crypto analyst Defi Edward points to a potential technical setup, identifying a symmetrical triangle pattern on the daily chart that could target $6 if XRP breaks above $3.66. On shorter timeframes, a bull pennant on the 4-hour chart projects a $5.80 level, representing a 67% gain from current prices [1]. These bullish signals contrast with caution from traders who note that large holders have not aggressively accumulated or distributed tokens, a neutral stance observed since the June 30 pullback [4]. On-chain data also reveals consistent taker buy volume, indicating buyers are not aggressively taking profits, though over 99% of wallets remain in profit, with no clear signs of distribution patterns typically preceding sharp rallies [1].

Recent developments in XRP’s ecosystem provide additional context for its price dynamics. Wellgistics Health has announced plans to hold XRP as a treasury reserve and deploy the XRP Ledger for a real-time payment system, aiming to reduce costs across its pharmacy network. Separately, Brazilian fund manager VERT launched a blockchain-based private credit platform on the XRP Ledger, targeting $500 million in structured credit operations [1]. These initiatives reinforce XRP’s utility in cross-border payments, a core focus area for Ripple.

However, short-term liquidity pressures persist. A large sell-off on South Korean exchange Upbit contributed to a 17% drop in XRP’s price from $3.66 to $3.10 in late July [2], while concerns over insider manipulation—exemplified by Ripple co-founder Chris Larsen’s recent movement of $155 million worth of XRP—have added volatility. Larsen’s wallet still holds 2.28 billion XRP, valued at over $7 billion, representing 3.8% of the asset’s total market cap [1]. Analysts note that such large holdings remain dormant, with institutions likely waiting for a confirmed breakout before committing capital [4].

Regulatory clarity and macroeconomic factors have limited near-term risks. Ripple faces no new legal challenges from the SEC post-settlement, and corridor expansions in remittances between Brazil and the UAE have bolstered XRP’s use cases [4]. Yet, these long-term benefits struggle to offset the lack of ETF-related demand and the absence of a sustained volume surge, which were key drivers of XRP’s earlier rally toward $3.70 [4].

Bullish forecasts suggest XRP could reach $4.50–$5.00 by Q3 2025 if key support levels hold [5], but these projections remain untested by recent price action. The immediate focus remains on whether XRP can break out of its $3.10–$3.30 trading range—a scenario requiring both conviction and volume. Until a clear directional move emerges, the token is likely to remain in a holding pattern, with both bulls and bears awaiting decisive catalysts [4].

Source:

[1] [Benzinga] [https://www.benzinga.com/crypto/cryptocurrency/25/07/46630874/xrp-stuck-around-3-10-is-the-rally-already-over]

[2] [Economic Times] [https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-is-rising-today-but-can-it-stay-above-3-66-as-ai-cloud-mining-booms-and-why-is-ripples-co-founder-under-fire-over-a-175m-token-dump/amp_articleshow/122905639.cms]

[4] [TradingNews] [https://www.tradingnews.com/news/xrp-price-nears-3-30-resistance-aster-3-23-rally]

[5] [BTCC] [https://www.btcc.com/en-CA/square/XRP%20News/686809]