XRP News Today: XRP Surges 43% Past $3 Resistance, Eyes $4.70 Target

XRP has been exhibiting strong bullish signals, particularly on the weekly chart. Although there is a bearish divergence forming, it has not yet been confirmed, and the overall trend for XRP remains bullish. The price structure supports a breakout outlook, with XRP known for its sharp and fast price movements. Currently, it appears to be in the midst of an upward move, similar to previous volatile cycles. The recent breakout above the crucial $3 resistance level indicates that the asset could be heading towards new all-time highs. If the trend continues, the next significant price target lies between $4.60 and $4.70, based on the 2.618 Fibonacci extension level.

However, if XRP experiences a pullback, there is strong support at the $3 level and even stronger short-term support between $3.30 and $3.40. This area previously acted as resistance but is now turning into a solid base after the recent breakout and retest. On the daily chart, XRP has already confirmed this new support zone after bouncing off it recently, indicating that bulls are still in control. The altcoin’s strength is also supported by the declining Bitcoin dominance in the market. As Bitcoin loses some ground in terms of market share, capital is flowing into altcoins like XRP and Ethereum, giving them room to grow and outperform.

XRP’s price is currently moving as expected in a bullish pattern. It recently broke above $3.40 and is now consolidating just above that level. As long as it stays above this line, the trend looks strong. However, there are important support levels to watch. If XRP falls below $2.75, the overall uptrend could break down, which would be a warning sign.

XRP has been on a remarkable upward trajectory, with its price surging past several key resistance levels. The cryptocurrency recently broke out from a multi-year triangle formation, sparking bullish forecasts from analysts. The price has climbed from around $2.40 to hover near $3.45, driven by significant momentum and large volume inflows. This breakout has invalidated multiple supply zones, re-establishing bullish control on higher timeframes.

The daily chart shows that XRP has surged past historical resistance zones at $2.85 and $3.00, entering the $3.45–$3.62 supply region. This area triggered previous selloffs in February 2025, but the current structure remains bullish above the $3.18 support level, marked by the 4-hour Supertrend line. Bollinger Bands on the daily chart are wide open, with the price currently hugging the upper band at $3.61, indicating elevated volatility that may be peaking. The EMA alignment (20/50/100/200) is bullish, with all dynamic averages stacked below the price, and the EMA 20 acting as first-line support at $2.84.

On the 30-minute chart, a symmetrical triangle is forming between $3.40 and $3.62, hinting at a possible breakout continuation. Support from the RSI and MACD remains mildly bullish, with the RSI climbing back to 60 and the MACD showing a shallow bullish crossover. This indicates that underlying momentum is stabilizing after a cooling phase. The Parabolic SAR dots on the daily chart remain well below the price, confirming sustained trend strength. The Directional Movement Index (DMI) shows a wide gap between the +DI and -DI lines, with the ADX sitting near 48, signaling a strong trend environment with buyers still in charge.

The explosive rally in XRP's price was driven by a clean structural shift in Smart Money Concepts, with large volume inflows following the breakout from the $2.20–$2.40 resistance range. Open interest has continued to rise, up 3.14% to $10.88 billion, even as volume dipped slightly in the past 24 hours. The long/short ratio on Binance sits above 2.08, and among top traders, it’s closer to 2.97, showing strong confidence from leveraged longs. Despite the 50% drop in derivatives volume, the bullish bias remains dominant, especially with options open interest up nearly 9%.

Looking ahead, if XRP breaks above the $3.62 triangle resistance with strong volume, the next targets are $3.75 followed by $3.82. A clean daily close above this level could initiate another leg higher toward $4.00. On the downside, failure to hold $3.38 support may send XRP into a retest of $3.18, where the Supertrend and prior breakout structure converge. Below that, key EMAs near $2.84 and $2.69 could provide deeper support. With derivatives positioning still long-biased, compression patterns tightening, and no clear reversal signals yet, XRP remains tilted slightly bullish heading into July 21. However, a volatility event appears imminent as the price trades into the apex of consolidation.

According to the analyst's forecast, XRP is expected to reach $5 by the end of July, with some predictions suggesting it could climb to $20–$30 by the end of the year. The algorithm assumes that XRP will increase to $3.53, building off July's market momentum, with a price prediction suggesting a range between $3.35 and $3.85. Additionally, some forecasts point out that $5 could be the next stop before the end of July, with XRP aiming for $4.00 and possibly higher. If history repeats, XRP could soar to $22. However, it is important to note that these are forecasts and not actual data.