XRP News Today: XRP Order Book Signals Potential Rally as $3.20 Support Holds Firm

XRP’s order book structure has drawn attention from traders and analysts as key price levels suggest a potential near-term rally. According to recent analysis, the $3.20 zone is currently acting as a strong support base, with heavy buying interest reinforcing its role as a price floor. Analysts note that XRP is “exactly where we want it” at this level, indicating that a sustained defense here could set the stage for upward movement [1]. A modest resistance appears at $3.40, but if buyers manage to push past this level with strong volume, the path to the $3.60–$3.80 range becomes more accessible. This area is considered the decisive battleground, with a dense cluster of sell orders that could either act as a final hurdle or a catalyst for a broader breakout [1].

Technical indicators also show XRP’s recent breakout above the $3.20–$3.30 range has shifted the higher timeframe bias to a more bullish posture. What was previously resistance is now seen as potential support, a classic reversal that often precedes a meaningful price move [1]. This structural shift, combined with a thinning sell wall at key levels, suggests that if buyers continue to step in and liquidity remains on their side, XRP could see a rapid challenge of the $3.60–$3.80 zone.

On-chain activity further supports the idea of accumulation. A rising number of large XRP wallets and significant self-custody transfers indicate that market participants are preparing for a potential move higher. This kind of accumulation reduces exchange-based sell-side liquidity, which can help sustain an upward trend. However, the presence of whale activity introduces volatility, as sudden large inflows to exchanges could disrupt the bullish momentum [1].

In the derivatives market, both open interest and funding rates have been rising, suggesting increased leveraged positioning. This dynamic can amplify price swings, particularly if long positions face liquidation risks during pullbacks. A clean breakout above $3.40, supported by strong spot volume and a lack of selling pressure, could set the stage for a more aggressive move toward $3.60–$3.80 [1].

Analysts suggest that a sustained break above $3.33–$3.35 with strong volume could signal a near-term rally toward $3.55–$3.60, with the $5 level still viewed as a long-term target [2]. However, caution is warranted as XRP remains below the critical $3.65 level, which could trigger profit-taking from existing holders [4]. Additionally, concerns around XRP’s centralized supply and regulatory uncertainty continue to weigh on broader investor sentiment [3].

Recent developments, including Chris Larsen’s sale of 50 million XRP, have had limited impact on price action, according to analysts [5]. Meanwhile, BlackRock has confirmed it has no immediate plans for a U.S. spot XRP ETF, despite the SEC–Ripple settlement [6]. These institutional hesitations reflect broader uncertainty in the market and may delay wider adoption of XRP as a mainstream tradable asset.

While the order book data and on-chain signals present a cautiously optimistic view, traders are advised to closely monitor both technical levels and the broader macro environment as XRP enters a pivotal phase in its price journey [1].