XRP traded at $2.29 on July 8, 2025, with a total market capitalization of $135.24 billion. In the last 24 hours, the trading volume reached $4.613 billion, with prices fluctuating between $2.25 and $2.35.
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The hourly chart shows XRP in a short-term bullish pattern characterized by a steady recovery after a recent pullback.
After peaking at $2.354, the price fell to $2.249 before forming higher lows, indicating strong buyer interest.
A potential long position could be opened around $2.28–$2.29 if the current decline holds.
An intraday breakout above $2.31–$2.32, confirmed by green candles with high volume, will serve as an aggressive scalping opportunity.
The short-term target is between $2.33 and $2.35, with a reasonable stop-loss placed around $2.26.
The four-hour chart presents a classic 'cup and handle' formation, indicating a continuation of the upward movement. XRP found strong support in the $2.25–$2.27 area, twice rejecting resistance at $2.35, but shows renewed attempts to overcome it.
A significant spike in volume occurred during the rally on July 7 above $2.30, indicating institutional interest.
Traders may consider re-entering around $2.27–$2.29 if the 'handle' confirms, or enter on a breakout with volume support above $2.354.
Profit targets range from $2.42 to $2.45, with protective stops below $2.25.
The daily chart maintains a bullish macrostructure, with the continuation of XRP's upward trend from the low of $1.909. The price movement formed a higher high at $2.354, supported by declining volume during pullbacks and increasing activity on the upsides—a promising sign for long-term holders.
The nearest support is between $2.15 and $2.20, and the $2.35 level remains key resistance.
Swing traders are advised to watch for pullbacks to the $2.20–$2.25 area or a breakout above $2.35 with confirmed volume.
Target projections are $2.45–$2.50, with a trailing stop recommended below $2.20.
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Bullish verdict:
Given the strong upward trend across all timeframes, supporting volume dynamics, and unanimous buy signals from almost all moving averages, XRP seems ready for a continuation of the upward movement.
If the price remains above key support zones and breaks above $2.35 with confidence, the move to $2.45–$2.50 will remain within reach in the near future.
Bearish verdict:
Despite the prevailing upward trend, many oscillators are giving neutral or sell signals, and XRP is facing tough resistance at $2.35.
If buying volume does not materialize and the price falls below the support zone of $2.25–$2.20, the structure may break, opening the way for a deeper pullback to $2.15 or lower.
