XRP holders have had a bumpy ride over the past week. After showing a strong bullish trend and briefly testing the $3 resistance level, the price has pulled back slightly.
According to recent analysis, XRP is currently holding up better than Bitcoin on the lower timeframes, despite the overall market cooling down. While a breakout above $3 seemed possible earlier, the odds now hint it might be a bit too soon for that move.
If XRP can find strong support around $2.70 to $2.60, there’s a good chance the token will consolidate in that zone, a positive sign for the next possible push higher. Market sentiment will also hinge on upcoming inflation data, which has the potential to shake up crypto prices in the short term.
If the broader market stays steady and XRP manages to hold above $2.70, a move past $3 could still happen later this month. But for now, the focus is on whether XRP can defend key support levels before attempting another breakout. Here’s what to expect:
- Short-term: Likely to dip towards $2.70–$2.60
- Medium-term: Consolidation above $2.70 could open doors for a future breakout
- Watch for: Inflation data impact and overall crypto market sentiment
Analyst Casi Trades shared that over the weekend, XRP perfectly retested the $2.69 support level and is now challenging the crucial $3 resistance. The $3 level is a key Fibonacci retracement from XRP’s all-time high, and reclaiming it would signal serious momentum. The ideal scenario next would be a breakout above $3.04, a quick retest turning it into support, and a sharp rally toward $3.40 and beyond.
If XRP breaks past its all-time high, Casi expects the price to surge rapidly, with little resistance ahead, and plenty of time for this move to play out before the end of July.
