XRP News Today: XRP Eyes $7 as Analysts Flag Key Resistance and Bullish Catalysts

XRP is showing signs of a gradual but consistent recovery, with technical indicators and market sentiment pointing toward potential upward movement. Prominent crypto analyst Crypto Bitlord has expressed confidence in XRP’s trajectory, suggesting that a sustained rally could see the token reach $7 soon, followed by a potential move to $21 if the momentum holds [1]. As of the latest data, XRP is trading around $2.99, having pulled back from a recent high of $3.64. A critical resistance level between $3.35 and $3.60 is under close observation, as a breakout above this range could signal the start of a more substantial price increase.

The token is currently forming a bullish cup-and-handle pattern on the daily chart, a technical formation often associated with upward trends. Over 93% of XRP holders remain in profit at current levels, suggesting continued accumulation and support amid short-term volatility [1]. Analysts highlight that a monthly close above $3.03 could confirm a continuation of the bullish trend, potentially accelerating the path to $7. Some experts have also identified late August to early September as a possible timeframe for a breakout, assuming XRP moves above key resistance levels with strong volume [1].

Additional bullish signals come from growing enterprise adoption of Ripple’s technology, the launch of its U.S. dollar stablecoin RLUSD, and favorable regulatory developments following the 2023 court decision that cleared XRP for retail trading. These factors are seen as long-term catalysts that could enhance XRP’s utility and adoption [1]. Whale activity has also remained elevated, indicating strategic accumulation during periods of consolidation.

However, analysts caution that the rally is not without risks. Leveraged open interest in XRP has declined by over $2.4 billion since mid-July, which could limit short-term upside unless fresh capital enters the market [1]. While the current trajectory is optimistic, the achievement of the $7 price target depends on the continuation of the rally and the absence of regulatory or macroeconomic disruptions. The broader crypto market remains volatile, with mixed signals emerging from other asset classes [5].

If XRP can maintain its position above the current support and reclaim the $3.60 resistance level, the path to $7 and beyond could become more defined. Analysts suggest that the token’s fundamentals and growing adoption may make a sustained recovery more likely, particularly if institutional and retail interest continues to build in the coming months [1].

Sources:

[1] title1: XRP Is Slowly Recovering. Analyst Sets Timeline for $7 If ...

(url1: https://timestabloid.com/xrp-is-slowly-recovering-analyst-sets-timeline-for-7-if-rally-continues/)

[2] title2: BlockDAG Sets the Standard with $361M Presale and Live ...

(url2: https://timestabloid.com/blockdag-sets-the-standard-with-361m-presale-and-live-trading/)

[3] title3: Latest XRP News, Opinions and Feed Today

(url3: https://www.binance.com/en/square/hashtag/XRP)

[4] title4: Latest RippleNet News, Opinions and Feed Today

(url4: https://www.binance.com/en/square/hashtag/RippleNet)

[5] title5: Summer Calm Gives Way to Currency Volatility, Tariff Plays ...

(url5: https://www.investing.com/analysis/summer-calm-gives-way-to-currency-volatility-tariff-plays-diverging-rate-paths-200664765)