At the time of writing, XRP is trading at $2.94, marking a 6% gain over the past 24 hours and a 29% increase over the last week. This recent rally has brought the token close to the key psychological barrier of $3 — a level it hasn’t touched since 2018. Over the past seven days, XRP has traded between $2.25 and $2.95, with traders closely watching to see if it can break and sustain above this major resistance.
Investor confidence appears to be rising, particularly among large holders. As reported by crypto.news on July 10, over 2,742 wallets now each hold at least 1 million XRP, collectively controlling more than 47 billion XRP — a strong signal of whale accumulation and long-term conviction.
The broader market sentiment has also improved, driven in part by Bitcoin’s surge to a new all-time high above $120,000 on July 14. XRP’s 24-hour trading volume has climbed to $7.15 billion, reflecting a 5.9% increase from the previous day.
On the derivatives front, data from Coinglass shows a 10.48% rise in futures volume to $17.31 billion, with open interest growing 10.64% to $8.12 billion. These figures point to growing trader participation and building momentum.
Analysts are increasingly optimistic. In a July 12 post on X, analyst Ali Martinez suggested that a confirmed weekly close above $3 could open the door to a further rally toward $6 or beyond.
From a technical standpoint, XRP is making a strong push to break through the key psychological resistance at $3, backed by solid upward momentum. The price is currently riding the upper Bollinger Band and remains well above the 20-day simple moving average, which sits near $2.85 — a sign of sustained bullish pressure.
While the relative strength index (RSI) is at 83, indicating overbought conditions, both the momentum and MACD indicators suggest that further gains could still be ahead. XRP is also trading comfortably above all major moving averages, including the 10-day EMA at $2.60 and the 200-day EMA at $2.14, reinforcing the strength of the current uptrend, which has accelerated in recent sessions.
In the near term, if XRP successfully breaks above the $3 mark with strong volume and secures a weekly close above that level, it could open the door to further gains toward the $3.50–$4.20 range. Continued momentum may be supported by positive developments around crypto ETFs and regulatory clarity. Looking further ahead, analyst Ali Martinez’s projection of a move toward $6 remains a possibility if bullish conditions persist.
However, profit-taking could emerge if XRP fails to hold above $3 or faces rejection near that threshold, especially in the event of weakening trading volume. In such a scenario, stronger buying interest may return around the $2.35–$2.45 zone, where multiple moving averages are converging. The first line of support lies near $2.60, aligning with the 10-day exponential moving average.
