As of today, July 23, 2025, the technical analysis of XRP price indicates a strong bullish trend supported by several key indicators and price patterns.
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Overall sentiment:
XRP demonstrates confident dynamics and is in a bullish phase, actively gaining positions after recent fundamental shifts, particularly the settlement of the lawsuit with the SEC. The price is significantly above key moving averages, confirming the upward trend.
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Key levels and price patterns:
* Break of resistance:
XRP has successfully broken and established itself above significant resistance levels that previously acted as strong barriers. In mid-July, XRP broke the $3.00, $3.40 marks and even reached $3.64. Holding above these levels indicates the strength of buyers.
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* Support levels:
* Immediate support:
In the range of $3.48 - $3.42. If XRP can hold above these levels, it will confirm the continuation of the upward movement.
* Stronger support levels:
$3.35 and $3.25. These levels may act as a "safety cushion" in case of a correction.
* Key level:
$2.95 - $3.00 (psychological and previous significant resistance level that has now become support).
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* Resistance levels:
* Immediate resistance:
$3.55 - $3.60. A breakout and hold above this zone will open the way for further growth.
* Next targets:
$3.65, $3.72, and then $3.80.
* Psychological barrier and key target:
$4.00, then $5.00. A breakout above $5.00 will be considered a very strong bullish signal.
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* Bullish patterns:
* Break of "flag" or "ascending triangle":
In early July, XRP broke these bullish formations, indicating a potential continuation of growth. Targets for such patterns are often above.
* "Inverted head and shoulders":
On longer timeframes, some analysts see the formation of this pattern, which is also a strong bullish signal and may indicate targets up to $2.60 and above.
* W-pattern:
A confirmed breakout of the W-pattern above the "neckline" at $3.40 is also a strong bullish signal.
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Indicators:
* Relative Strength Index (RSI):
At the time of analysis, the RSI on the daily chart is in the "overbought" zone (for example, around 76.45-85.31), which often precedes a short-term correction or consolidation. However, in strong bullish markets, the RSI can remain in the overbought zone for an extended period.
On shorter timeframes (hourly), RSI may drop below 50, indicating some loss of momentum in the short term, but not necessarily a trend reversal.
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* Moving Average Convergence Divergence (MACD):
On the weekly timeframe, a "bullish crossover" in MACD is observed, which is a classic signal of a momentum shift towards bulls.
On shorter timeframes, MACD may show some slowing of growth, but overall remains in the bullish zone.
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* Exponential Moving Averages (EMA):
The price of XRP is trading significantly above the 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMA), which is a strong confirmation of the upward trend.
For example, the 20 EMA is around $2.49, and the 200 EMA is around $2.15, showing a strong price departure from long-term averages.
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* Trading volume:
Increasing trading volume supports the recent upward trend. However, decreasing volume with rising prices may indicate a need for consolidation.
* XRP Dominance:
XRP's market dominance is approaching 5.75%, a level that has not been broken for over 2200 days. A breakout above this level may signal a rally leading to altcoin growth.
* MVRV Golden Cross:
Analyst Ali Martinez pointed out a rare "golden crossover" in MVRV (Market Value to Realized Value), which historically preceded significant XRP rallies (up to 630%).
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Short-term and medium-term outlook:
* Short-term (next few days):
XRP may continue to consolidate in the current range ($3.40-$3.60) or experience a slight correction. Targets for the next 7 days indicate $3.45-$3.50. It is important to monitor the retention of key support levels.
* Medium-term (until the end of July/August 2025):
If the current momentum continues, and XRP successfully overcomes resistance at $3.60-$3.80, the next targets will be $4.00, then $5.00 and even $6.19 (according to Fibonacci extensions). Many analysts predict reaching $3.65-$3.80 by the end of July 2025.
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Risks:
* Overbought:
Indicators such as RSI show overbought conditions, which may lead to short-term corrections.
* Volatility:
XRP, like the entire crypto market, is subject to high volatility, and sudden market sentiment changes can affect the price.
* Inability to hold support:
If XRP cannot hold above key support levels, this may signal a deeper correction.
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Output:
The technical analysis of XRP as of July 23, 2025, looks exceptionally bullish.
The confluence of breaks of important resistance levels, formation of bullish patterns, and positive signals from oscillators (especially on higher timeframes) indicates significant growth potential.
The key will be maintaining current support levels and the ability to break new resistances to confirm further upward movement.
