XRP is currently trading at $2.342, showing a 5.5% increase over the last week, with a market capitalization of $135 billion and a global trading volume of $2.3 billion.
Intraday price fluctuates between $2.25 and $2.35, indicating a controlled but optimistic market sentiment as the cryptocurrency attempts to consolidate profits across several timeframes.
On the 1-hour chart, XRP shows a sideways trend with a slight upward tilt, oscillating between support around $2.26 and resistance at $2.40.
Recent price movements show a bounce from the $2.26 level, consolidating signals of uncertainty among short-term traders.
Short-term push towards $2.35 faced selling resistance, while decreasing volume indicates a potential breakout.
The central trading levels include a buying zone around $2.26 with a tight stop-loss around $2.24 and a target profit at $2.40, expanding to $2.50 if the bullish momentum continues.
The 4-hour chart indicates a medium-term recovery trend characterized by higher lows and periodic pullbacks.
XRP has risen from a recent low of $2.147 after reaching $2.35, and the current price is approaching previous highs amid a series of green candles.
The bullish engulfing pattern observed on July 6 signals a resumption of short-term buying pressure.
Entry opportunities appear favorable in the range of $2.24–$2.26, with exit targets around the resistance range of $2.35–$2.40. Traders are advised to closely monitor the level of $2.24, as a breakout on volume could push the price back into the $2.20 area.
From a daily chart perspective, the long-term outlook remains bullish after bouncing off the $1.908 low.
XRP continues to form higher highs and lows, with price movement hitting the resistance zone of $2.30–$2.35.
The support zone between $2.15 and $2.20 remains resilient, providing a reliable base for potential accumulation.
Bullish momentum persists, although traders should be cautious as the price approaches the upper boundary of this resistance zone. Pullbacks to the $2.20–$2.22 zone are considered strong entry opportunities, with potential exits around $2.35–$2.40.
Bullish verdict:
XRP maintains a constructive bullish position across all major timeframes, supported by favorable moving average alignment and the continuation of higher highs and lows.
Provided that support levels hold and volume increases on upward movements, a breakout above $2.30 could serve as a catalyst for a push towards $2.35 or higher.
Bearish verdict:
Despite recent achievements, the XRP rally shows signs of exhaustion with increasing resistance near $2.30, while momentum indicators point to initial weakness.
If the critical support at $2.24 fails, the price may return to the range of $2.20–$2.15, threatening a quick structure and exposing the market to a deeper correction.
