XRP News Today: XRP's Next Move Depends on $3.25 Breakout and $2.75 Support

XRP remains in a consolidation phase following a period of volatility, with traders and analysts closely monitoring key price levels that could determine its next directional move. The asset is currently trading in a sideways range, having stabilized after a sharp rally and subsequent pullback. Analysts suggest this pause could represent a healthy consolidation ahead of a potential breakout, though caution is warranted as technical indicators show mixed signals. On the weekly chart, XRP continues to hold above critical support between $2.90 and $3.00, maintaining a long-term uptrend characterized by higher lows and higher highs. However, a bearish divergence on the weekly chart has emerged, which, if confirmed, might signal short-term weakness [1].

The path forward for XRP hinges on reclaiming the $3.25 threshold and advancing toward $3.84, a key level within its current wave structure. A successful breakout above $3.25 could trigger a rally toward $3.80–$4.30, with resistance clustering between $4.33 and $4.72. Conversely, failure to breach this level may result in prolonged sideways trading or a temporary dip. Recent daily chart activity underscores the significance of the $3.30–$3.40 range, which shifted from support to resistance after XRP’s brief dip to $2.90. Buyers have shown resilience in defending this zone, and a retest of this range could act as a catalyst for a bullish reversal [1].

From a technical perspective, XRP is embedded in a corrective pattern that could align with an ABC correction model. In this scenario, a deeper pullback in wave C might occur before the resumption of an uptrend. As long as the price remains above $2.75, the bullish structure remains intact. However, a breakdown below this level—or a critical test of $2.65—would significantly weaken the bullish case, potentially leading to a deeper correction. Analysts emphasize that stability above $2.75 is crucial to preserving the longer-term uptrend [1].

The market’s immediate focus will be on whether XRP can sustain a move above $3.25 in the coming days. A confirmed breakout could reignite bullish momentum, while prolonged consolidation or a dip below key support levels might delay further gains. Investors are advised to monitor the $3.30–$3.40 resistance and the $2.75–$2.65 support clusters as pivotal decision points for the asset’s near-term trajectory.

Source: [1] [XRP Price Prediction For July 27] [https://coinpedia.org/news/xrp-price-prediction-for-july-27/]