XRP News Today: XRP Surges 74% in July, Consolidates Near $3.55 Awaiting Breakout

XRP has experienced a significant rally, with its price surging from under $2.10 to over $3.66 earlier this month. Currently, the price is at $3.50, consolidating within a symmetrical triangle structure. The upper boundary of this structure is at $3.55, while the lower support trendline is around $3.40. This consolidation suggests that a volatility expansion is imminent, with traders anticipating a decisive breakout or breakdown in the coming sessions.

On the hourly timeframe, XRP's price action is locked within a symmetrical triangle. The recent consolidation has respected this range tightly, indicating that a volatility expansion is imminent. A breakout above $3.55 could confirm a bullish continuation toward the $3.66 swing high or higher.

From a broader view, the daily chart shows that XRP has cleared major resistance levels at $2.60 and $2.33 in the past two weeks, triggering a structural reversal. Volume profile analysis confirms that the price has shifted into a low-volume node between $3.30 and $3.60, a zone where large directional moves often occur. Currently, XRP is consolidating just beneath this supply zone, signaling that buyers are gradually absorbing selling pressure.

The recent price increase is driven by strong technical consolidation and aggressive accumulation in derivatives and on-chain activity. Open interest has surged by 2.75% to $11.00 billion, while options volume exploded by over 115%, suggesting aggressive positioning by traders anticipating a breakout. On-chain activity is also rising, with active addresses reaching 50,211 on July 20, the highest daily reading in recent months. This uptick in network usage confirms renewed retail and institutional interest following XRP’s breakout above long-term resistance at $2.60.

The short-term chart also shows buyers stepping in near the $3.40 zone. The RSI on the 30-minute chart has recovered to 55.5 from oversold levels, while the MACD is crossing bullishly. These conditions suggest that intraday momentum is building just below the breakout threshold.

On the 4-hour chart, Bollinger Bands have contracted sharply, with the price hovering near the middle band at $3.46. This type of compression is often a precursor to large directional moves. A close above the upper band near $3.56 would trigger a volatility breakout, targeting higher Fibonacci extensions. The 20/50/100/200 EMAs are all stacked below the current price, with the 20 EMA at $3.41 and the 50 EMA at $3.19, reinforcing the bullish momentum structure. VWAP is also holding steady above $3.44, and the most recent candles are sustaining above it, signaling that buyers are in control of intraday order flow. Momentum indicators on both lower and mid timeframes are aligning for an impulsive move if $3.55 is breached. Additionally, the Parabolic SAR on the 30-minute chart has flipped beneath the price, suggesting the short-term bias is now bullish.

If bulls break the $3.55 resistance with convincing volume, XRP could reclaim the recent swing high at $3.66. Beyond that, the next upside targets lie at $3.84 and $4.00, both areas tied to volume imbalances and prior liquidity grabs from late 2021. On the downside, if XRP loses $3.40, it may retest the $3.30–$3.20 support band where the lower Bollinger Band and EMA confluence provide cushioning. A deeper failure could drag the price back toward $2.92. Given the triangle apex proximity, volume expansion, and supportive indicators, XRP price is approaching a critical breakout point. Traders should closely monitor the $3.55 zone and derivatives volume for breakout confirmation.