XRP/USD Analysis: Bullish Momentum Builds at $3.0983

XRP is trading at $3.0983, up 2.07% in the last 24 hours, reflecting strong buying interest amid broader market recovery. The 24-hour range shows a high of $3.1397 and low of $3.0059, with volume surging to 137.12M XRP or $424.27M USDT, indicating heightened liquidity and trader participation. This uptick aligns with recent reports of XRP hitting yearly highs around $3.66 in July 2025, driven by resolved regulatory hurdles and institutional adoption in cross-border payments.

From a technical standpoint, the candlestick chart on the 1D timeframe displays a series of green candles closing higher, with price action above key support at $2.9532. Moving averages confirm the bullish bias: the MA7 at $3.0946, MA25 at $3.0415, and MA99 at $2.9612 all slope upward, with price firmly above them. The yellow MA25 line acts as dynamic support, while the purple line (likely a longer-term MA) curves bullishly from the recent low of $2.9532. Volume bars in green dominate, underscoring sustained demand over supply.

Short-term, RSI likely hovers in the 50-60 range based on the steady climb, avoiding overbought territory for now. Resistance looms at $3.1397 (24h high), and a break above could target $3.20 or even retest the July peak. Support holds at $3.00, with deeper levels at $2.95. Fundamentally, XRP's utility in Ripple's ecosystem continues to shine, with escrow releases and partnerships fueling optimism. Overall, the setup favors buyers; consider longs above $3.05 with stops below $2.95 for risk management.

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