XRP News Today: XRP Traders Battle Key $3.00-$3.60 Range as Bulls Eye $4.00 Breakout

XRP is currently in a critical price range dubbed a “battle zone” by traders, where intense buying and selling pressure intersect between $3.00 and $3.60. Market analyst Xaif highlighted this dynamic in a recent post, noting that buyers have “stacked heavy” below $3.00 while sellers have erected strong resistance above $3.60 [1]. Heatmap data corroborates this observation, showing dense clusters of buy orders beneath $3.00 acting as a buffer during recent dips to $2.96 [1]. This accumulation zone suggests institutional buyers and large holders are defending the level, potentially signaling anticipation of an upward move.

Exchange order books on platforms like Binance and Bybit further reinforce the bullish intent, with persistent limit bids clustered in the $2.90–$3.00 range [1]. However, the price has faced repeated rejections at $3.60, where sell walls have intensified. Recent spikes to $3.65 failed to sustain momentum above this threshold, triggering pullbacks and reinforcing $3.60 as a key resistance level [1]. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest neutral to mildly bullish momentum, but the inability to flip $3.60 into support reflects seller caution [1].

The broader technical structure for XRP remains bullish following its breakout from a symmetrical triangle earlier in July, pushing prices from $2.05 to $3.65—a 78% surge. Despite the recent pullback, the asset remains above its 50-day moving average and is testing the 100-hour MA, a critical pivot in trend reversals [1]. Analysts have identified the $3.40–$3.50 range as the next key target, with a potential move toward $4.00 contingent on overcoming $3.60.

On-chain data from Santiment reveals rising address activity and stable network volumes, indicating sustained interest in XRP. However, growing exchange reserves suggest some holders may be positioning to take profits if resistance holds [1]. This balance between accumulation and potential distribution underscores the significance of the current price setup.

The outcome of the $3.00–$3.60 battle will likely determine XRP’s next trajectory. A successful defense of the $3.00 level and a retest of $3.40 with strong volume could pave the way for a breakout above $3.60, potentially targeting $4.00 or higher [1]. Analysts have projected upside ranges from $5.20 to $6.00, contingent on ETF-driven momentum and institutional inflows. Conversely, a breakdown below $3.00 would invalidate the bullish structure, risking a decline toward $2.80 or $2.60 [1].

Xaif’s characterization of XRP as being in a “battle zone” reflects the high-stakes liquidity stacking on both sides of the price range. The coming days will be pivotal in determining whether bulls can overpower sellers or if bears will regain control. With the market at a tipping point, XRP’s next move could redefine its near-term trend.

Source: [1] [title: Heat Map Shows XRP Is At Battle Zone and Ready to Explode] [url: https://coinmarketcap.com/community/articles/688291e556504861a5177d7e/]