Recently, XRP has shown a strong rise, holding above the $3.00 mark. We will look at the current market situation and predictions for short-term price fluctuations.
Current Market Situation for XRP
XRP is currently trading above $3.00, which is a key level for both traders and long-term investors. Despite some profit-taking, XRP remains one of the top-performing large-cap cryptocurrencies for July.
Technical Analysis
The daily chart analysis shows that XRP is in an uptrend after breaking above the $2.95–$3.00 resistance level. So far, the price reached $3.82 where profit-taking occurred. Current consolidation is happening in a bullish flag pattern just below recent highs. Indicators like MACD, Ultimate Oscillator, and ROC show positive signals, supporting an optimistic outlook.
XRP Price Forecast for Today
It is forecasted that XRP will range between $3.10 and $3.40 in the short term. If the price can reclaim the $3.30 level with sufficient volume, a move towards $3.65 and $3.82 is expected. However, if the price closes below $3.00, a pullback towards the support levels of $2.80–$2.90 could occur.
XRP remains one of the strongest assets in the market for July. If the $3.00 level holds, bullish sentiments are likely to continue.
