After rising nearly 54% since the beginning of July and reaching a peak of $3.66, XRP has adjusted down by 13.65% due to the liquidation of over $100 million in long positions. However, the technical support zone of $3.06 – $3.10 is maintaining its defensive role, creating a basis for the recovery outlook.
Influencing Factors
The XRP Spot ETF is awaiting approval, which could be a significant boost if approved by the SEC — the likelihood of success is estimated by Bloomberg to be 95% in 2025.
The interest from financial organizations is increasing, especially in the DeFi sector and tokenized treasury management.
On-chain data shows that buying pressure is still maintained, especially from large wallets.
Price Levels to Watch
Support: $3.06 – $3.10
Resistance: $3.24 – $3.26
Growth Activation Threshold: Above $3.15 – the possibility of attracting institutional capital flows and optimistic investor sentiment.
Conclusion
XRP is in an accumulation phase after a hot rally. The recovery outlook depends on the decision regarding the spot ETF, the recovery momentum of the altcoin market, and movements from whale wallets. If it holds above the current support area, XRP may soon regain its upward momentum.