XRP News Today: XRP Surges 50% in Two Weeks, Stabilizes at $3.42

XRP experienced a significant surge last week, surpassing the $3 mark and reaching a peak of $3.60. This rally began with a sharp breakout on July 7, and within just two weeks, the price jumped over 50%. This substantial gain attracted considerable attention. As the new week begins, XRP's price is stabilizing around $3.42, still holding above key support levels, although momentum appears to be cooling off slightly.

The 4-hour chart indicates that XRP's price is no longer accelerating upward but is instead forming a consolidation pattern after reaching its peak at $3.60. The parabolic uptrend has stalled, and the trendline supporting the rally has broken, suggesting a cooling phase. Despite this slowdown, XRP is maintaining its position above its 30-period Exponential Moving Average (EMA) at $3.25, which has consistently supported bullish control during this move. Additionally, there is a structural support zone between $3.20 and $3.25, with a stronger demand area between $2.90 and $3.00.

On the upside, the key resistance remains at $3.60. Breaking this level with significant volume could open the door to $3.80 or even $4.00. Currently, price action is compressing, potentially setting up a bull flag continuation pattern.

Weekly technical indicators provide further insights. The Relative Strength Index (RSI) at 73.659 indicates strong bullish momentum. The Average Directional Index (ADX) at 31.119 confirms the strength of the uptrend. The Moving Average Convergence Divergence (MACD) at 0.299 shows a positive crossover, while the Commodity Channel Index (CCI) at 275.711 warns of overbought conditions. The Rate of Change (ROC) at 63.543 indicates sharp upward movement, and the Bull/Bear Power at 1.6428 suggests that bulls remain dominant. These indicators hint at a healthy continuation of trends, but the CCI warns against overbuying, suggesting a possible pause or short-term correction rather than a reversal.

For the week of July 20–26, the bearish scenario involves XRP falling below $3.20 and the 30 EMA support level of $3.25, which could lead to a drop to $3.00 or even $2.90. The realistic scenario sees XRP continuing to consolidate within the range of $3.25 and $3.60, with a potential grind higher if Bitcoin maintains its firm position. Volume and breakout confirmation are needed for any major move. The bullish scenario anticipates a confirmation of a breakout above $3.60, which could drive a quick rally to $3.80 or even $4.00, provided bulls enter with high volume and momentum.

In summary, XRP's price is in a bullish configuration as the new week begins. As long as support above $3.20 holds, the trend remains intact. Weekly indicators confirm the strength of the trend, although short-term consolidation is likely to continue before the next breakout attempt. The $3.60 barrier will be closely watched by traders to determine if the next leg higher can commence.