XRP News Today: XRP Surges 10% to $3.03 on Bullish Momentum and Whale Activity

XRP, the cryptocurrency associated with Ripple, has recently experienced a significant surge in bullish momentum, with its price approaching $3.00. This upward trend has been driven by a combination of factors, including increased on-chain activity and a growing sense of optimism among traders. The price of XRP started a fresh increase above the $2.880 zone, and it is now trading above $2.840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.880 on the hourly chart of the XRP/USD pair. The price is now correcting gains and might find bids near the $2.840 support zone.

Despite this positive momentum, XRP has faced resistance at key levels, particularly around $2.93, where selling pressure has intensified. This resistance coincides with a prior supply block and a Fibonacci 38.2% retracement level from the June high, indicating a significant barrier to further gains. The recent move was positive and the bulls pushed the price above the $3.00 level. A high was formed at $3.0324 and the price is now correcting gains. There was a move below $2.90 level, and the price spiked below the 50% Fib retracement level of the upward move from the $2.660 swing low to the $3.0324 high. However, the bulls were active near the $2.80 support zone. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.9450 level. The first major resistance is near the $3.00 level. A clear move above the $3.00 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance or even $3.150 in the near term. The next major hurdle for the bulls might be near the $3.20 zone.

If XRP fails to clear the $2.9450 resistance zone, it could start another decline. Initial support on the downside is near the $2.880 level and the trend line zone. The next major support is near the $2.840 level. If there is a downside break and a close below the $2.840 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 zone. The technical indicators for XRP, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), suggest a neutral to slightly bearish bias in the near term. The RSI for XRP/USD is now above the 50 level. The MACD for XRP/USD is now losing pace in the bullish zone. Major Support Levels – $2.880 and $2.840. Major Resistance Levels – $2.950 and $3.00.

On-chain metrics, however, paint a different picture. Santiment data shows a 41% increase in XRP whale transactions above $10 million in the last five days, along with a 35% jump in daily active addresses and a 28% improvement in network growth. These metrics suggest fresh adoption interest and accumulation by large holders. Despite this bullish on-chain activity, the market has yet to reflect these signals in price action, indicating a disconnect between growing demand and stagnant price structure. The ongoing SEC appeal process and rising global trade tensions have added to the uncertainty surrounding XRP. The potential reversal of institutional sales classifications and the limited exposure to ETF inflows compared to Bitcoin and Ethereum have acted as bottlenecks on speculative interest from U.S. institutions. Until these legal and structural headwinds clear, on-chain strength alone may not be sufficient to drive a sustained breakout.

Technical analysis reveals that the Bollinger Band width has narrowed to its lowest level in 45 days, a setup historically associated with breakout volatility. The 4-hour chart shows clear compression between $2.82 support and $2.93 resistance, a range that has held since July 12. If bulls can push the price above $2.93, XRP may accelerate toward the $3.15–$3.28 target zone, with intermediate resistance at $3.02. Conversely, a breakdown below $2.82 would expose the $2.75 and $2.64 levels. The 50-day Exponential Moving Average (EMA) currently sits at $2.89, acting as the immediate battleground. The derivatives market for XRP remains relatively flat despite a long bias. Open interest in XRP futures has ticked higher by 6.3% in the past 48 hours, with long positions outpacing shorts on major exchanges. However, funding rates remain neutral, indicating a lack of aggressive conviction. The Volume-Weighted Average Price (VWAP) clusters around $2.87, aligning with the current spot level and suggesting market indecision.

In summary, XRP's failure to capitalize on bullish whale activity and on-chain growth points to broader hesitation. The $2.93 level remains the trigger zone for directional bias. A breakout above this resistance would turn the structure bullish and open the way toward $3.28 and $3.60. As of now, XRP-USD is in a neutral holding pattern, coiled for volatility but directionally unconfirmed. Until a decisive move above $2.93 or below $2.82 occurs, traders should remain tactical. Long-term accumulation may find value below $2.80, but short-term plays depend on breakout confirmation. The next move will define XRP’s path for the rest of July and beyond.