XRP is showing clear bullish signs with strong buying pressure and on-chain signals supporting the important resistance level of $2.38.
While the positive buying trend is maintained, the decline in spot trading volume warns of a potential slowdown in XRP's breakout momentum. A balanced adjustment between technical and fundamental factors will determine the next price direction.
MAIN CONTENT
Increased buying pressure helps XRP challenge the resistance zone of $2.38, a historically high liquidity price area.
A sharp drop in the NVT ratio indicates an improvement in network valuation and supports a sustainable breakout.
Short positions concentrated around the price range of $2.30 – $2.38 could trigger a strong bullish wave when liquidated.
Which resistance zone is XRP currently in and what is the current buying pressure?
According to data from CryptoQuant and analyst Ali_Charts, XRP recorded a price of $2.229 with strong buying pressure at the resistance zone of $2.38, where over 2.75 billion tokens have been traded previously. Increased buying pressure in the spot market lays the groundwork for a potential breakout.
"XRP is clearly accumulating buying strength, the pressure from buyers will be a key factor to break through the long-standing resistance zone."
Ali_Charts, cryptocurrency analyst, July 2025
Maintaining buying pressure at higher price levels will determine the ability to expand the next rising price range.
What signs does XRP's spot trading volume indicate and what is its impact?
Despite increased buying pressure, CryptoQuant's Bubble Map index shows spot trading volume is declining. This warns that liquidity and investor participation are not strong enough to support a short-term upward trend for XRP.
When trading volume decreases while the price probes the resistance zone, the likelihood of a successful breakout will be limited due to a lack of momentum from the broader market.
What does the sharp drop in the NVT ratio mean for XRP?
XRP has seen a 43.49% drop in the NVT ratio over the past 24 hours, approaching 95 – a sign that the network is achieving higher efficiency and reasonable valuation compared to on-chain trading volume.
A low NVT ratio is often associated with an actively operating network and token value supported by real utility. This is crucial for building a sustainable breakout scenario fundamentally.
How does the concentration of short liquidations from $2.30 to $2.38 affect the market?
Data from Coinglass shows many high-leverage short positions (15x, 20x) concentrated in this price range. If XRP surpasses the resistance, these positions are at risk of being liquidated en masse, creating a strong upward push.
The current price is around $2.229, not yet in liquidation territory, but just one breakout could activate this liquidation wave, causing an unexpected acceleration.
"The scenario of concentrated short liquidations at the resistance zone of $2.38 could create a strong surprise with a breakout speed exceeding expectations."
Coinglass market analysis, 7/2025
What does the symmetrical triangle formation of XRP signal?
XRP is currently within a symmetrical triangle on the daily chart, with price movements converging between lower highs and higher lows, preparing to enter a critical breakout phase.
This narrowing often occurs before significant volatility. If the price closes above $2.38, the next target could be $2.60. Conversely, if it fails to surpass this range, XRP could fall back to support at $2.11.
Do buyers have enough strength to break through resistance and maintain an upward trend?
With strong buying pressure, positive on-chain signals, and stable technical foundations, XRP has a chance to break up to $2.60 if it successfully surpasses the $2.38 mark.
However, the risk stemming from declining trading volume and a lack of participation from the majority of the market could prevent a strong breakout, even causing a reversal back to the support zone of $2.11.
Frequently Asked Questions
Can XRP break through the resistance of $2.38? Increased buying pressure and on-chain data suggest a high possibility, but declining trading volume could be a short-term barrier. What does the reduced NVT ratio mean for XRP's price? It reflects a more efficiently operating network, making XRP's valuation reasonable and supporting price increases. What is the impact of short positions in the $2.30-$2.38 range? Liquidating short positions could lead to a strong price surge, causing a short-term bullish wave. Which technical indicators support XRP's upward trend? The symmetrical triangle chart with price converging suggests a breakout is imminent, potentially determining the next direction. Can XRP correct if it fails to break through resistance? Certainly, if it doesn't maintain above $2.38, XRP could drop to support around $2.11.
Source: https://tintucbitcoin.com/xrp-huong-toi-260-usd-breakout/
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