As of July 29, XRP's price demonstrates weak momentum, remaining in the range above a key support zone. The lack of fresh bullish catalysts keeps bearish sentiment in the market.
Current XRP Price Overview
Currently, XRP is trading slightly above $3.12, sitting right on top of its demand zone. Failure to reclaim the $3.30–$3.35 area has established the $3.00–$3.14 range as the battleground.
Technical Indicators and Their Significance
The 4H chart shows a confirmed bearish structure marked by a Break of Structure (BOS) and a series of lower highs. Current indicators reflect active bearish pressure. For example, the MACD indicates a bearish crossover, while the ADX shows a strong downward trend.
XRP Price Predictions
There are three main scenarios for XRP: A bullish surge could happen if the price reclaims $3.30, opening the path to $3.65 and $3.82. The neutral scenario suggests ranging between $3.10 and $3.35 if the $3.00–$3.14 level holds. The bearish scenario anticipates a drop below $3.00 with a potential quick decline to $2.80 and stronger support around $2.44.
XRP continues to exhibit weak momentum, presently remaining within the price range. A rally to $3.30 is needed to change the current bearish sentiment; however, as long as support in the $3.00–$3.14 range holds, the bearish trend scenario remains relevant.
