XRP News Today: XRP Surges 50% Weekly, Breaks Key Resistance Levels

XRP, the cryptocurrency, has experienced a significant surge in its price, currently hovering near $3.45 after a 50% weekly rise. This breakout from the $2.40 consolidation zone has driven the price above multiple resistance levels, with traders now closely monitoring whether the asset can maintain its gains or if a short-term correction is imminent below the key resistance at $3.62.

On the daily chart, XRP has surged past historical resistance zones at $2.85 and $3.00, entering the $3.45–$3.62 supply region. This region previously triggered selloffs in February 2025. The price action has formed upper wicks near $3.62, indicating short-term hesitation from bulls. However, the overall 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. This suggests that volatility remains elevated but may be peaking unless a continuation move emerges. The EMA alignment (20/50/100/200) is bullish, with all dynamic averages stacked below the price. The EMA 20 is now acting as first-line support at $2.84.

A symmetrical triangle is forming on the 30-minute chart, compressing between $3.40 and $3.62. This consolidation hints at a possible breakout continuation, with support from RSI and MACD remaining mildly bullish. The RSI has climbed back to 60, while the MACD shows a shallow bullish crossover, indicating that underlying momentum is stabilizing after a cooling phase.

The explosive rally in XRP's price was driven by a clean structural shift in Smart Money Concepts (CHoCH and BOS confirmations) on the daily chart. Once XRP cleared the $2.20–$2.40 resistance range, large volume inflows followed, sending the price directly into the $3.60s. The breakout invalidated multiple supply zones and re-established bullish control on higher timeframes.

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%.

Parabolic SAR dots on the daily remain well below the price, confirming sustained trend strength. Meanwhile, the Directional Movement Index (DMI) shows a wide gap between the +DI and -DI lines, with ADX sitting near 48, signaling a strong trend environment with buyers still in charge.

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.