XRP News Today: XRP Holds Key Support at $3.04 as Whale Buys 130M Eyes $3.40 Breakout

Ripple’s XRP has maintained a bullish posture above critical support levels, with traders and analysts closely tracking its near-term trajectory. After a sharp rebound from a key support zone near $3.04, the asset has stabilized in the $3.17 range, suggesting buyers remain active despite earlier selling pressure. This resilience has drawn attention to the $3.40 level as the next short-term target, a former resistance point that marked the peak of a recent rally before a pullback [1]. Analysts note that a sustained break above $3.40 could reignite upward momentum, potentially testing the $3.60 level—a former high from this year’s earlier surge [4].

On-chain activity further reinforces optimism. Whale accumulators have purchased over 130 million XRP in the past 24 hours, signaling confidence in the asset’s potential [1]. This buying pressure, combined with the price staying above the $3.04 support, has created a “clean range” scenario where a breakout in either direction could dictate the next major move [1]. However, caution is warranted if the $3.04 level falters, as this could trigger a retest of lower supports, including a liquidity cluster between $2.66 and $2.86 [2].

Short-term forecasts highlight a trading range of $2.90 to $3.65, with the 20-day simple moving average serving as a key indicator of stability [5]. While the immediate outlook leans bullish, broader market conditions remain mixed. Momentum indicators on the weekly chart show unresolved upside potential, with the MACD lagging behind 2024 peaks and the stochastic RSI in overbought territory [1]. Historical patterns suggest such conditions may precede corrections of 35% to 46% during prior market peaks, though this remains speculative [1].

Longer-term projections are highly variable. A 2030 price target of $13.50 has been cited by analysts, though this figure represents a bullish forecast rather than a near-term certainty [6]. For immediate action, a double bottom pattern on the 4-day chart points to a potential $4.42 target if the $3.48 neckline is breached [1]. Conversely, a third rejection of key levels could signal renewed downward pressure, particularly if XRP falls below $2.90 [1].

External factors add complexity. Ripple has warned of scams impersonating its brand, with fraudulent accounts soliciting XRP transfers to unauthorized wallets [1]. Additionally, co-founder Chris Larsen’s recent movement of $175 million in XRP to exchanges has fueled speculation about a potential sell-off, though legal safeguards mitigate such risks [1]. Regulatory delays in the SEC’s approval of a crypto ETF have also contributed to XRP’s recent volatility, with the asset declining 6% before gaining 3.14% in late July [3].

Analysts remain divided on XRP’s future. While one projection suggests a 430% surge based on an 80% rally over a month, others emphasize legal uncertainties and fraudulent activity as headwinds [1]. Ripple’s public awareness campaigns aim to mitigate scam-related risks, but broader regulatory challenges persist.

Source:

[1] [title1] [https://timestabloid.com/ripple-issues-fresh-critical-warning-to-xrp-holders/]

[2] [title2] [https://www.mitrade.com/insights/news/live-news/article-3-981654-20250724]

[3] [title3] [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]

[4] [title4] [https://www.mitrade.com/insights/news/live-news/article-5-981104-20250723]

[5] [title5] [https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-is-rising-today-but-can-it-stay-above-3-66-as-ai-cloud-mining-booms-and-why-is-ripples-co-founder-under-fire-over-a-175m-token-dump/articleshow/122905639.cms]

[6] [title6] [https://247wallst.com/investing/2025/07/25/prediction-xrp-will-be-worth-this-much-in-5-years/]