XRP News Today: XRP Rallies 65% to $3.65, Now Consolidating at $3.18 as $3.00–$3.23 Battle Shapes Outlook

XRP is navigating a critical consolidation phase following a sharp 65% rally over two weeks, pushing the price from a six-month symmetrical triangle breakout near $2.20 to a peak of $3.65. Current levels around $3.18 reflect a stabilization above key Fibonacci and EMA clusters, with traders monitoring the $3.00–$3.05 support range for structural integrity [1]. The price action demonstrates respect for the $3.00 breakout zone on the daily chart, though resistance at $3.80—a level aligned with prior equal highs and a “Weak High” label—has hindered further gains.

Technical indicators suggest a neutral-to-bullish bias. The 4-hour Bollinger Bands are narrowing, signaling an impending volatility spike, while the 20/50 EMA confluence near $3.19–$3.23 forms an immediate resistance barrier. The 100 EMA at $3.08 remains a pivotal level for bulls, with the weekly 0.786 Fibonacci at $3.08 providing additional near-term support [1]. Momentum metrics reinforce this outlook: the 30-minute RSI has stabilized at 65.24 after peaking at 85, and MACD has flipped to a mild positive trend, indicating consolidation rather than a reversal [1].

Derivative data from Coinglass reveals mixed signals. Open interest has risen 2.28% to $9.17 billion despite a 47.46% drop in 24-hour trading volume, suggesting leveraged positions are accumulating ahead of a potential price surge. Long/short ratios on major exchanges remain skewed toward longs (above 2.5), underscoring lingering bullish sentiment. However, this imbalance raises the risk of a sharp correction if support at $3.00 fails [1].

A short-term price projection hinges on the battle for $3.23. A successful reclamation could see XRP test $3.38 and the $3.60–$3.65 resistance band, with a clean breakout potentially reigniting the upward trajectory toward $3.80 and beyond. Conversely, a breakdown below $3.00 would likely trigger a pullback to $2.83 (Fib 0.618) and, if extended, to the 0.5 retracement level at $2.65. The $2.20 “Bullish Order Block” zone remains a critical long-term support, with a breach signaling a structural shift in market dynamics [1].

The 4-hour chart highlights a coiling price pattern within a tightening Bollinger Band, with candles printing inside a minor range. This setup suggests a potential “squeeze” scenario if bulls reclaim $3.23, though bears must defend the $3.00–$3.08 corridor to avoid a deeper retracement. On higher timeframes, XRP’s position above the weekly 0.618 Fib level ($2.83) and the 0.5 midpoint ($2.65) reinforces the macro bullish structure [1].

Market participants are advised to closely watch the $3.23–$3.00 range over the next 24 hours, as this period is likely to determine the continuation of the bullish momentum or the onset of a more prolonged correction. The derivatives market’s elevated open interest and skewed long exposure further amplify the significance of this price threshold [1].

Source: [1] [XRP Price Prediction for July 27, 2025] [https://coinedition.com/xrp-price-prediction-for-july-27-2025/]