The current state of the XRP market reveals a split in opinions: some expect continued rallying, while others predict a potential bull trap.
Division of Opinions in the Crypto Community
Crypto commentator Sasha why NOT noted that the critical question for XRP right now is not just technical, but existential. She highlighted that 'the crypto community is split — is XRP gearing up for the next leg up, or are bears setting a trap?' XRP’s mid-July surge to a record $3.65 reignited mainstream buzz, fueling both FOMO and profit-taking. Currently, the frenzy has cooled, with prices consolidating around the $3.25 zone, volatility easing but liquidity remaining high. Sasha analyzes the market using on-chain and macro signals.
Support at $3.15
Market commentator Crypto Eagles noted that XRP has successfully reclaimed the $3.15 support, signaling a pivotal price-level shift. This could set the tone for the next rally leg. Following a pullback, XRP filled a Fair Value Gap (FVG), a market structure cue often preceding retests and continuations. This sequence demonstrates a constructive structure with higher lows and confirmed support, emphasizing a short- to mid-term bullish bias. Crypto Eagles stressed that maintaining $3.15 as a support base is critical for sustaining the bullish setup.
Overview of the Current Situation
According to Crypto Eagles, XRP’s reclaim of $3.15 is a constructive sign that the price structure has shifted in favor of buyers. The question is no longer whether XRP can rally; it has already done so. The real inquiry, as Sasha why NOT continues to point out, is whether today's momentum marks the start of a durable next leg or is simply a peak that lures late buyers into a correction.
Thus, the current situation in the XRP market requires careful analysis. Successfully maintaining support levels and rising institutional interest could sustain a bullish trend, but uncertainties still linger.
