XRP News Today: XRP Falls 6% on Regulatory Delays Scams Analyst Warns of Critical Resistance Levels

Crypto analyst Steph Is Crypto has issued a cautionary analysis for XRP holders, emphasizing critical technical resistance levels and diverging momentum indicators. The strategist’s evaluation of XRP’s monthly chart highlights a key ascending trendline tested three times since the 2020 bull market, with the first rejection coinciding with the onset of a prolonged bear phase in 2020. A second test occurred in late 2024 or early 2025, followed by a current retest of the same level. Steph described this as a multi-year resistance zone, noting that a confirmed breakout—marked by a strong weekly candlestick close—could invalidate prior bearish trends and propel XRP toward "double-digit" valuations [1]. Conversely, a third rejection could trigger downward pressure, though the analyst favors a bullish outcome, citing July’s strong monthly momentum and rapid retests [1].

On shorter timeframes, a double-bottom pattern emerged on the 4-day chart, breaking its neckline with a technical target near $4.42. At the time of analysis, XRP traded around $3.25, with $3.00 identified as a critical support level. This region had previously seen multiple rejections and a temporary price rebound in 2025, which the analyst views as a potential catalyst for renewed buying interest during short-term pullbacks [1].

Momentum indicators further underscore the token’s precarious positioning. While the MACD remains below peak levels recorded during 2024’s rally from $0.50 to $3.40, suggesting untapped upside potential, the stochastic RSI has entered overbought territory. Historical precedents show such conditions often precede 35%–46% corrections, with a bearish divergence observed in late 2024/early 2025 as price highs outpaced RSI peaks [1]. Steph acknowledged these risks but maintained near-term targets of $4–$5, cautioning that these levels could trigger corrections before resuming the uptrend [1].

The strategist’s outlook for late 2025 includes an extended bull run through Q3 and potentially into Q4, though he advised incremental profit-taking as XRP approaches key resistance. Citing the altcoin season index, he warned that readings above 75 could signal a broader correction, urging traders to monitor this metric for tactical entry and exit points [1]. While not financial advice, the analysis stressed risk management amid mixed technical signals.

Parallel developments have added to market uncertainty. Ripple, the company behind XRP, warned of a surge in YouTube-based scams impersonating its verified brand, with scammers exploiting fake accounts to solicit unauthorized transfers. The firm reiterated it would never request token transfers and directed users to official channels for reporting fraud [1]. Separately, regulatory delays in the SEC’s approval of Bitwise’s crypto ETF and large-scale XRP movements by co-founder Chris Larsen—linked to $175 million in transactions—have fueled volatility, pushing XRP down 6% in the wake of these developments [1].

Analysts remain divided on XRP’s trajectory. While one unnamed strategist projected a 430% near-term surge, current market conditions—including declining futures open interest and waning short-term sentiment—suggest divergence between forecasts and on-chain dynamics [2]. Ripple’s ongoing legal battles with the SEC and unresolved litigation also loom as critical variables, with outcomes potentially reshaping investor sentiment in the longer term [1].

Source: [1] [title1] [https://coinmarketcap.com/community/articles/68820b21b4267f2698cb752c/] [2] [title2] [https://www.msn.com/en-us/news/other/top-analyst-predicts-xrp-could-soar-430-in-the-near-term/ar-AA1J4XNV]