Ripple’s XRP token is trading at $2.98, up 2.19% in the past 24 hours as of Wednesday morning. The digital asset is riding a wave of momentum that started early Tuesday, fueled by strong buy-side interest and growing institutional volume.
XRP reclaims momentum with bullish breakout
- Current price: $2.9814
- 24-hour change: +2.19%
- 24-hour range: $2.84 – $2.96
- Volume spike: 134.08 million XRP traded during session lows
- Resistance level: $3.00
- Support zone: $2.84 – $2.85
XRP dipped to an intraday low of $2.84 before buyers stepped in aggressively. Volume surged to over 134 million XRP, signaling institutional absorption. The rebound pushed XRP to a session high of $2.96, with technical analysts now watching the $2.95–$2.96 zone as the next support base.
In the final hour of trading Tuesday, XRP climbed from $2.94 to $2.95 on back-to-back volume bursts of 1.3M and 1.8M, confirming short-term bullish strength.
Traders eye $3 breakout after key reversal
Analysts note that XRP is forming a bullish ascending channel on short-term charts. A confirmed breakout above $2.96 would put the token in position to test the psychological $3.00 level. A move beyond that could open the door to $3.05, according to technical projections from CoinDesk and The Economic Times.
“Volume-supported buying at $2.84 and a clean push into $2.95 have reestablished bullish momentum,” said analysts at CD Analytics.
However, downside risks remain. A dip below $2.88 could invalidate the breakout setup and drag XRP back toward $2.75–$2.80.
XRP price forecast: What’s next this week?
According to projections cited by The Economic Times, XRP could remain rangebound between $2.80 and $3.05 for most of the week. Momentum indicators such as RSI and MACD support continued upside — but only if bulls maintain pressure above $2.95.
Key price levels to watch:
- Immediate resistance: $3.00
- Breakout confirmation zone: $2.95–$2.96
- Target zone on breakout: $3.05
- Support to hold: $2.84–$2.85
- Bearish invalidation level: $2.88
XRP’s recent move is also being fueled by speculation around Ripple’s growing traction with global financial institutions and upcoming developments surrounding a July 18 ETF event, which may reinforce inflows into digital settlement assets.
XRP in broader crypto market context
- Bitcoin (BTC): $118,653.68 (+0.51%)
- Ethereum (ETH): $3,178.18 (+4.16%)
- Solana (SOL): $166.62 (+3.35%)
- Dogecoin (DOGE): $0.2013 (+3.75%)
- Cardano (ADA): $0.7504 (+2.38%)
- Stellar (XLM): $0.4738 (+4.48%)
The overall crypto market is showing renewed strength as investors rotate back into altcoins following recent Bitcoin consolidation. XRP’s volume surge and technical setup suggest the token could remain a top focus in the days ahead.
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