XRP News Today: XRP Faces Bearish Divergence and 1.99% Drop Amid SEC ETF Delays, Key Support at $3.00 Under Scrutiny

XRP’s price trajectory for July 24 remains under scrutiny as technical indicators and market dynamics suggest a potential pullback. Recent analyses highlight mixed signals, with bearish divergence on the weekly chart and critical Fibonacci levels influencing short-term outlooks. The token’s inability to sustain gains above $3.30 could trigger further downward pressure, while regulatory uncertainties and broader crypto market fragility add to the complexity.

On the weekly chart, XRP has formed a bearish divergence, with price action making higher highs while the RSI prints lower highs, signaling weakening momentum [1]. Analyst Josh of Crypto World identifies $3.00 as a key support level and $4.60–$4.70 as critical resistance based on Fibonacci levels, which are frequently used to predict price reversals [1]. Meanwhile, the daily chart shows XRP struggling to hold the $3.30–$3.40 range, with a breakdown below $3.30 potentially confirming a bearish trend shift. If that occurs, the price could target $3.00 or $2.95, with the 38.2% Fibonacci retracement at $2.95 acting as a pivotal support zone [1].

Broader market conditions amplify these risks. Ethereum’s bearish divergence and Bitcoin’s stalled momentum, coupled with a rising Bitcoin dominance ratio, create a challenging environment for altcoins like XRP [1]. Regulatory headwinds also loom, as the SEC’s recent pause on a Bitwise crypto ETF application triggered a 1.99% decline in XRP to $3.44 [10]. This underscores how macroeconomic and regulatory developments could influence investor sentiment.

Conflicting forecasts further complicate the outlook. A bullish scenario suggests a potential rebound, with some models projecting a price range of $3.44–$3.94 by mid-July, supported by July’s market momentum [2]. Conversely, a July 22 forecast estimates XRP could trade between $2.6563 and $3.0561 on July 24, with a projected close near $2.8562 [6]. A Chartered Market Technician has even proposed a $13 target within 42 days, though this represents an aggressive long-term scenario [3]. Meanwhile, some analysts cite technical indicators pointing to a 30-day target of $6 [5], though this lacks structural justification.

The $3.62 level emerges as a focal point across analyses. It serves as a potential breakout target for bullish patterns [4] and a key price point in mid-July forecasts [2]. However, failure to maintain this level could reignite bearish momentum, especially if regulatory uncertainties persist. At $3.45, XRP trades 5.3% below its all-time high, leaving room for a rebound but also vulnerability to further corrections [7].

Investors are advised to monitor key support/resistance levels and regulatory updates, as these factors could decisively influence July’s price action. The fragmented market outlook underscores the challenges of navigating XRP’s performance in a volatile landscape. While short-term technical patterns and algorithmic models suggest a range-bound or slightly bullish bias, long-term predictions remain speculative and contingent on broader adoption or regulatory clarity [3].

Source: [1] [XRP Price Prediction For July 24] [https://coinpedia.org/news/xrp-price-prediction-for-july-24/]

[2] [XRP (XRP) Price Prediction 2025, 2026-2030] [https://coincodex.com/crypto/ripple/price-prediction/]

[3] [Will XRP Hit $13 Within 6 Weeks? Analyst Says Yes] [https://thecurrencyanalytics.com/altcoins/xrp-price-prediction-will-xrp-hit-13-within-6-weeks-analyst-says-yes-186795]

[4] [XRP (XRP) Price Prediction for July 24] [https://coinedition.com/xrp-price-prediction-for-july-24-2025/]

[5] [XRP Price to reach $6 in 30 days? XRP July Price Prediction] [https://www.cointrust.com/ripple-news/xrp-price-to-reach-6-in-30-days-xrp-july-price-prediction]

[6] [XRP PRICE PREDICTION TOMORROW, WEEK AND ...] [https://30rates.com/ripple-price-prediction-tomorrow-week-month-xrp-forecast]

[7] [Crypto Price Prediction Today 23 July – XRP, Cardano, Pepe] [https://cryptonews.com/news/crypto-price-prediction-today-23-july-xrp-cardano-pepe/]

[10] [XRP drops 6% as SEC delays Bitwise crypto ETF — is this ...] [https://m.economictimes.com/news/international/us/xrp-sinks-6-percent-again-as-sec-delays-bitwise-crypto-etf-is-the-dip-a-red-flag-or-a-golden-buy-signal-heres-the-2025-xrp-price-prediction-you-need-to-see-articleshow/122859722.cms]