After a strong rally earlier this month, $XRP has entered a cooling-off phase. The price recently pulled back from its peak at $3.70 and is currently hovering around $3.11. While the $3.00 level is holding strong as support, bulls are clearly losing momentum as volume dries up.
๐ Technical Snapshot (July 30):
Current Price: $3.114
9-Day SMA: $3.246
Range Today: $3.05 โ $3.18
Volume: Weak
Trend: Short-term neutral, long-term bullish
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๐ What We Saw Yesterday
In yesterdayโs outlook, we highlighted $3.30 as the key level $XRP needed to break to continue upward toward $3.65โ$3.82. That didnโt happen. Instead, XRP remained range-bound between $3.00โ$3.14, with no real bullish push.
Support is holding, but buyers arenโt showing the strength needed for a breakout. A drop below $3.00 could open doors toward $2.80 or $2.44, but for now, that level remains protected.
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๐ Chart Analysis: What XRP Is Showing Us
Short-Term: Price remains under the 9-day SMA and is stuck in a sideways pattern. Volume is light.
Long-Term: The uptrend from April is still valid, but short candles suggest indecision.
Resistance Zone: $3.25โ$3.30
Support Zone: $3.00, followed by $2.80 if broken
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๐งช Key Technical Indicators (July 30)
Indicator Value Interpretation
RSI (14) 57.16 ๐ผ Bullish โ Still above 50
ADX (14) 60.12 ๐ผ Strong Trend โ But losing pace
MACD (12,26) 0.172 ๐ผ Positive momentum
CCI (14) -65.09 ๐ฝ Bearish short-term signal
ROC 6.699 ๐ผ Bullish โ Acceleration is intact
Bull/Bear Power -0.0387 ๐ฝ Slight Bearish control
Conclusion: The trend remains bullish overall, but bulls are starting to lose grip on short-term momentum.
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๐ What to Watch Today
๐ผ Bullish Scenario: A breakout above $3.30 could push $XRP back to $3.65 or even $3.82.
โ Neutral Scenario: If no momentum returns, expect more ranging between $3.00 and $3.14.
๐ฝ Bearish Scenario: A close below $3.00 may trigger a fast drop to $2.80 or $2.44.
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๐ฌ Final Thoughts
XRP is in wait-and-watch mode. Bulls are protecting the key support zone, but without stronger volume or a breakout above $3.25โ$3.30, the market may stay sideways.
A decisive moveโeither reclaiming the upside or losing the $3.00 floorโwill determine whatโs next for XRP. Until then, caution and patience remain the best strategy.