XRP News Today: XRP Surges Past $3.23 Amid ETF Speculation, Eyes $4 Rally as Bitcoin Recovers

The cryptocurrency market has entered a bullish phase following a correction last week, with XRP, Ripple’s native token, breaking through the $3.23 resistance level and sparking speculation about a potential rally toward $4. The price surge coincided with Bitcoin’s recovery to the $120,000 level and Ethereum’s approach to $4,000, as institutional confidence in the sector appears to be strengthening. XRP’s rebound from the $2.99 support level has drawn attention from analysts, who point to renewed expectations for a spot XRP exchange-traded fund (ETF) as a key catalyst. Bitget Wallet’s Chief Marketing Officer, Jamie Elkaleh, noted that Ripple’s partial legal victory earlier this year has improved institutional sentiment, stating that the intersection of ETF speculation and legal clarity is boosting XRP’s market legitimacy in the U.S. [1].

Technical analysis supports the optimism, with XRP’s 4-hour chart showing bullish momentum. The MACD indicator, which had previously signaled a bearish crossover, has reversed into positive territory, while the RSI stands at 59, above its neutral threshold of 50. These indicators suggest sustained buying pressure, though caution remains necessary. At the time of reporting, XRP traded at $3.29, with immediate resistance levels at $3.40 and $3.66. Analysts project that if the token holds above $3.23, it could extend its rally to $4, a level not seen since its historical high of $3.84 [1]. Conversely, a breakdown below $2.99 could trigger a retest of the $2.72 support zone.

The broader altcoin market has also benefited from the bullish trend, with BNB hitting a record high of $850 and adding over 6% in value. This surge underscores a shift in investor focus from Bitcoin dominance to diversified crypto exposure, as reflected in the CoinMarketCap Altcoin Season Index, which rose sharply to 44 from 21 in the prior month [2]. While XRP’s performance aligns with this trend, its price trajectory is distinct, driven by its role in cross-border payments and regulatory developments.

Market participants are closely monitoring volume and order flow to assess the sustainability of XRP’s rally. A sustained push beyond $4 would require robust follow-through buying, particularly as the token approaches its all-time high. However, volatility remains a risk, with short-term corrections possible if institutional enthusiasm wanes or macroeconomic conditions shift. The absence of immediate resistance between $3.23 and $4 has left traders divided on whether this breakout will consolidate into a new baseline or fade as a temporary spike.

The current environment highlights the delicate balance between speculative fervor and fundamental value. While XRP’s liquidity and regulatory progress are critical to its long-term prospects, near-term price action will depend on continued institutional participation and favorable rulings in Ripple’s ongoing legal battles. For now, the technical outlook favors optimism, with $4 emerging as a pivotal target for both bulls and bears.

Source: [1] [Analysts See XRP Hitting $4, Solana $250 as ETF Buzz Builds] [https://www.coindesk.com/], [2] [Bitcoin Penguins presale goes live later today] [https://invezz.com/news/2025/07/28/bitcoin-penguins-presale-goes-live-later-today-check-out-details/], [3] [XRP (XRP) Price Forecasts, Predictions & News] [https://www.fxempire.com/crypto/ripple/news].