XRP News Today: XRP Trapped in Bear Flag as $3.30 Becomes Key Breakout Level

XRP is currently forming a bear flag pattern, a well-known technical continuation formation that typically signals further downward movement unless a strong bullish breakout occurs [1]. Analysts have pointed out that the cryptocurrency must close above $3.30 to invalidate the bearish structure and potentially resume an upward trajectory. As of the latest report, XRP is trading at $3.08, having reached an intraday high of $3.16. The price appears to be in a period of tightening consolidation, with both bullish and bearish forces vying for control around key technical levels [1].

The bear flag pattern usually develops after a sharp price drop followed by a period of consolidation within parallel trendlines. In XRP’s case, the token experienced a notable rally to a high of $3.66 in mid-July before retracting and entering a narrow, ascending channel [1]. This setup suggests an imminent breakout, with the direction depending on whether XRP can reclaim the $3.30 resistance level. A clean break above this threshold would not only invalidate the bear flag but also potentially attract renewed buying interest [1].

Currently, support is holding between $3.00 and $3.10, a level that has acted as a floor for the past several days. If this support fails, XRP could retrace further toward $2.80 or lower. On the upside, $3.30 is considered a critical resistance level. A confirmed close above this level could propel the price toward the next resistance band at $3.42 to $3.65 [1].

Momentum indicators show mixed signals. The Relative Strength Index (RSI) is near 60, indicating neither overbought nor oversold conditions, while the Moving Average Convergence Divergence (MACD) remains slightly positive but is showing signs of weakening. This suggests that although there is some bullish momentum, it may not be sufficient to drive a breakout unless there is a significant increase in trading volume [1].

On a broader scale, XRP’s technical developments are unfolding against a backdrop of macroeconomic uncertainty. Regulatory clarity following Ripple’s partial win in its case with the U.S. Securities and Exchange Commission (SEC) has somewhat restored investor confidence [1]. However, the market remains in a cautious state, particularly in anticipation of the upcoming Federal Reserve policy decision, which could influence risk appetite across the board [1].

On-chain data also shows signs of weakening demand. The XRP Ledger’s daily payment volume has fallen below $1 billion, a marked decline from the multi-billion-dollar levels seen just weeks ago [3]. Analysts interpret this drop as a sign of waning interest from both institutional and retail investors, indicating that the recent price increase may be losing momentum. This trend aligns with a broader slowdown in the altcoin market, where attention is shifting toward dominant assets like Ethereum and Solana [3].

While some analysts remain cautiously optimistic about XRP’s long-term potential, others warn of bearish scenarios. One analyst suggested that XRP could test lower price levels in the coming months, with estimates ranging from $0.80 to $1.30 [2]. It is important to note, however, that these are speculative forecasts and should not be conflated with current market conditions [2].

XRP’s path forward will largely depend on its ability to re-engage market interest. Whether the current consolidation leads to a sustainable recovery or an extended downtrend remains uncertain. Investors are advised to closely monitor both on-chain activity and price action as the market continues to evolve [1].

Source:

[1] Times. (2025, July 11). XRP is Currently In a Bear Flag. Analyst Explains What It Means for Price. https://timestabloid.com/xrp-is-currently-in-a-bear-flag-analyst-explains-what-it-means-for-price/

[2] The. (2025, July 30). WallStreetBets Founder Says XRP $6 Still Achievable If ... https://thecryptobasic.com/2025/07/30/wallstreetbets-founder-says-xrp-6-still-achievable-if-you-believe-in-miracles-and-unicorns/

[3] U.Today. (2025, July 30). XRP Out of Billionaire Club: Bull Run Getting Canceled? https://u.today/xrp-out-of-billionaire-club-bull-run-getting-canceled