XRP News Today: XRP Holds $3.00 Support as Bear Liquidations Trigger $3.35 Breakout Bid

XRP has shown resilience above the $3.00 support level, with its price consolidating between $3.17 and $3.32 after a failed breakout attempt. The asset’s recent performance reflects ongoing stabilization efforts, as buyers appear to regain control on short-term timeframes. Technical indicators such as the Relative Strength Index (RSI) at 62.78 and a bullish MACD crossover suggest strengthening momentum, though a confirmed breakout above $3.35 remains critical for unlocking further upside potential [1].

The $3.35 resistance zone has become a focal point for market participants. A clean retest of this level earlier in July triggered a pullback, but the price has since held above $3.00, reinforcing its role as a short-term support floor [2]. Analysts note that a sustained move beyond $3.35 could project XRP toward $5.50, a key technical target derived from historical price patterns [3]. However, the current sideways consolidation below this threshold highlights cautious positioning among traders, with volume stabilizing around recent averages [4].

Short-term catalysts have emerged following a significant liquidation event on July 27, when XRP briefly dipped below $3, triggering over $12 million in bearish liquidations. This sharp correction erased heavily leveraged short positions, effectively removing immediate downside pressure and spurring renewed buying interest. Post-liquidation price action has compressed between $3.35 and $3.60, with buyers accumulating at higher lows and resistance weakening at upper levels [5]. Analysts describe this as a bear trap, where aggressive shorting has been neutralized, creating a "cleaner runway" for bulls [6].

Technical setups further support the potential for a breakout. XRP’s consolidation near $3.50 aligns with historical patterns where suppressed volatility precedes sharp moves. The current range reflects strategic accumulation rather than distribution, as buyers test the $3.35–$3.60 zone. A successful breach of $3.60 could trigger a short squeeze, accelerating upward momentum toward $3.80–$4.00 levels [7]. Meanwhile, short-term forecasts from Binance suggest a ranging pattern between $3.10 and $3.40, with volume-driven breakouts above $3.30–$3.35 signaling high-probability upward movement [8].

Long-term projections add context to the asset’s trajectory, though these remain speculative. Bitget forecasts XRP at $3.35 in 2025, $3.52 in 2026, and $4.28 by 2030, but such forecasts should be treated as analyst estimates rather than immediate certainties [9]. Real-time dynamics, however, indicate a shift in sentiment, with bearish leverage effectively cleared below $3. This has created a technical environment where buyers are repositioning for potential follow-through gains [10].

The path forward hinges on volume dynamics at key levels. A confirmed breakout above $3.60 could catalyze a rapid acceleration in bullish momentum, turning the tables on short-sellers and extending XRP’s rally into uncharted territory. However, consolidation phases often test patience, and a failure to hold $3.00 support could rekindle bearish sentiment. For now, the $3.35 resistance zone remains the focal point, with institutional and retail activity likely to dictate the next directional move [11].

Source:

[1] AInvest. XRP Holds $3.00 Support, Eyes $3.30–$3.35 Breakout. https://www.ainvest.com/news/xrp-news-today-xrp-holds-3-00-support-eyes-3-30-3-35-breakout-5-8-weekly-gain-2507/

[2] Times. XRP Bears Got Wiped Out Hard Below $3. Here’s What Is Coming. https://timestabloid.com/xrp-bears-got-wiped-out-hard-below-3-heres-what-is-coming/

[3] AInvest. XRP News Today: XRP Liquidations Wipe Bearish Bets. https://www.ainvest.com/news/xrp-news-today-xrp-liquidations-wipe-bearish-bets-spur-short-squeeze-potential-2507/

[4] Cryptonewsland. XRP Holds Above $3 Support as Price Consolidates Below $3.35 Resistance Zone. https://cryptonewsland.com/xrp-holds-above-3-support-as-price-consolidates-below-3-35-resistance-zone/

[5] Times. XRP Bears Got Wiped Out Hard Below $3. Here’s What Is Coming. https://timestabloid.com/xrp-bears-got-wiped-out-hard-below-3-heres-what-is-coming/

[6] Times. XRP Bears Got Wiped Out Hard Below $3. Here’s What Is Coming. https://timestabloid.com/xrp-bears-got-wiped-out-hard-below-3-heres-what-is-coming/

[7] Bitrue. Can XRP Still Go Up After Whale Activity Decline?. https://www.bitrue.com/blog/xrp-price-resistance-whale-decline

[8] Binance. XRP Price Prediction for Today, July 28. https://www.binance.com/en/square/post/27539344569402

[9] Bitget. XRP Price Prediction & Forecast 2025-2050. https://www.bitget.com/price/ripple/price-prediction

[10] TradingView. Crypto Total Market Cap, $ Ideas — CRYPTOCAP. https://www.tradingview.com/symbols/TOTAL/ideas/?exchange=CRYPTOCAP

[11] AInvest. XRP News Today: XRP Liquidations Wipe Bearish Bets. https://www.ainvest.com/news/xrp-news-today-xrp-liquidations-wipe-bearish-bets-spur-short-squeeze-potential-2507/