XRP News Today: XRP Eyes $7 As Crypto Bitlord's Bold Call Reignites Bullish Sentiment

XRP has drawn renewed attention following a strong bullish statement from prominent crypto trader Crypto Bitlord on X. In his post, Bitlord declared, “XRP was sent back to $3… It’s an actual blessing. Buy or cry. Next stop is $7.” His comment has reignited speculation around the token’s potential move toward $7, a price level that has long been considered a major milestone for XRP [1].

Currently, XRP is trading near the $2.94 mark, slightly down from an intraday high of $3.17. The token has shown resilience in the $2.90–$3.10 range, with traders stepping in to accumulate during dips. This pattern follows a recent surge to $3.64, a multi-year high, before profit-taking and whale activity led to a retracement [1].

Analysts note that over 93% of XRP holders are still in profit at those levels, which has triggered selling pressure and a healthy correction. However, maintaining support above $2.90 is seen as technically significant, indicating that buyers remain active in defending key price levels [1].

The bullish sentiment is further supported by technical indicators. A classic cup and handle pattern has begun forming on XRP charts, which is considered a bullish reversal signal. This pattern has become more evident after XRP rebounded from the $2.90 level and formed higher lows into the $3.10 range. Analysts suggest that a breakout above the $3.35–$3.60 resistance zone could drive the next phase of the rally. If confirmed with strong volume and momentum, XRP could push toward $6 or even $7 [1].

Despite the optimism, caution is warranted. Open interest in XRP futures has fallen by $2.4 billion since mid-July, indicating reduced leverage in the market. This decline could lead to increased downside volatility if fresh capital does not enter soon. Additionally, on-chain activity has cooled, with trading volume and new wallet creation showing signs of a temporary lull in speculative activity [1].

For XRP to reach $7, several conditions must align. These include a clean breakout above $3.60, growing institutional interest, and regulatory clarity. Ripple’s increasing focus on stablecoin development, partnerships with financial institutions, and the potential for an XRP-based ETF could provide the necessary macroeconomic tailwinds for such a rally [1].

However, the path to $7 is not without risk. Traders must remain alert to volume shifts and wait for confirmation of a breakout. Whether XRP fulfills the $7 forecast or enters another consolidation phase will depend on how these factors evolve in the coming weeks.

Crypto Bitlord’s bold projection has sparked a heated debate among traders and investors. Some see the current price as an opportunity, while others view it as a potential trap. The market now stands at a critical juncture, with all eyes on the $3 level and the next major price move.

Source: [1] Top Trader: XRP Was Sent to $3. Buy or Cry. Next Stop Is $7 (https://coinmarketcap.com/community/articles/688cc9749cbf62478d309182/)