XRP recently soared to an impressive multi-year high of $3.66 on Friday, demonstrating significant bullish momentum. This surge was so substantial that XRP's market capitalization briefly surpassed that of fast-food giant McDonald’s, marking a remarkable milestone for the digital asset. However, this upward trajectory encountered resistance, leading to short-term profit-taking by investors and a subsequent dip in price. The inability to sustain above the $3.66 level has now brought critical support and resistance zones into sharp focus for traders.
Price Prediction: Navigating Key Levels
Following its failure to hold above $3.66, XRP has slipped below $3.40, indicating a potential near-term pullback. The immediate crucial support for XRP now rests at the 20-day Exponential Moving Average (EMA), currently positioned around $2.99. If bulls can successfully defend this level and trigger a strong rebound, it would signal robust demand at lower price points. A successful bounce could pave the way for a renewed push towards the $3.66 resistance. Should XRP manage to breach and sustain above $3.66, it could open the door for further upward movement, potentially targeting $4 or even extending to $4.86.
Conversely, a sustained drop below the 20-day EMA would signal a weakening of the current bullish outlook. Such a move would suggest that the recent breakout above $3.40 may have been a false signal, potentially inviting increased bearish pressure and raising concerns about the broader uptrend.
4-Hour Chart Reveals Bearish Attempts and Pivotal Zones
Shorter timeframe charts, specifically the 4-hour chart, reveal that XRP has broken down from the $3.34 support level. This indicates that bears are actively attempting to regain control of the price action. The next critical support levels to monitor closely on this timeframe are $3.00 and $2.80.
A recovery from this support zone, characterized by a breach of the moving averages, could signal the conclusion of the current corrective phase and a potential return to the $3.66 high. However, if XRP fails to surpass the 20-EMA on the 4-hour chart, it would imply a significant shift in market sentiment from "buy the dip" to "sell the rally." This scenario would heighten the probability of a deeper correction, potentially pushing the price down toward $2.60, which could significantly stall the broader bullish trend. The coming days will be crucial in determining XRP's immediate trajectory.
July 2025, Cryptoniteuae