Over the past week, XRP holders have faced volatility within the market. After a strong bullish trend and a brief test of the $3 resistance level, the price has slightly pulled back.
Current Market Situation of XRP
According to recent analysis, XRP is currently holding up better than Bitcoin on lower timeframes despite the overall market cooling down. While a breakout above $3 seemed possible earlier, the odds now suggest it might be a bit too soon for that move.
Predictions and Key Support Levels
If XRP can find strong support around $2.70 to $2.60, there’s a good chance the token will consolidate in that zone, indicating potential for the next upward movement. Market sentiment will also hinge on upcoming inflation data, which could significantly impact crypto prices in the short term.
Analysts' Views on XRP Future
Analyst Casi Trades pointed out that over the weekend, XRP perfectly retested the $2.69 support level and is now challenging the crucial $3 resistance. This level is a significant Fibonacci retracement from XRP’s all-time high, and reclaiming it would signal serious momentum. The ideal next scenario would be a breakout above $3.04, followed by a quick retest that turns it into support and a rapid rally toward $3.40 and beyond.
If XRP breaks past its all-time high, analysts expect the price to surge rapidly with little resistance ahead, allowing for this move to play out well before the end of July.
