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XRP remains above $2.80 support after rallying to $2.96, consolidating within a bullish range with potential for a breakout above $3.10.
Whales have accumulated over 1.5 billion XRP in the last 7 days, signaling high confidence alongside growing institutional inflows.
Analysts predict a $38 long-term target, driven by a historic double-bottom pattern and strong ETF speculation
As of July 15, 2025, XRP is trading at $2.86, down 1.37% over the last 24 hours. Despite the dip, it remains technically and fundamentally strong, following a sustained breakout from long-standing consolidation levels.
While broader market weakness has led to a temporary pause, analysts remain bullish on the long-term trajectory, with some projecting ambitious targets as high as $38 based on macro-pattern analysis in today’s latest XRP news.
The daily chart reveals a bullish structure despite the minor intraday retracement. XRP price prediction shows it is currently trading above all major moving averages, a key indicator of sustained strength.
Key support lies around $2.49, which aligns with the 20-day EMA, followed by the $2.34 and $2.29 zones near the 50-day and 100-day EMAs. These levels may act as cushions against further downside.
Immediate resistance is seen at $2.94, followed by a more significant ceiling at $3.10. A breakout above this level could open the path toward the psychological $3.30-$3.29 zone, as indicated by the chart’s upper horizontal resistance.
The MACD indicator shows a wide bullish crossover with expanding green histogram bars, suggesting momentum is still in favor of buyers. However, a short-term cool-off could occur if momentum stalls or volume declines.
The recent surge in XRP price was supported by a strong breakout from a months-long accumulation phase between $2.00 and $2.30. The successful retest and rebound from this base structure underscore the validity of the current uptrend.
Its technical setup shows healthy bullish momentum even with today's pullback. The key will be holding the $2.80 level and closing above $3.00 to build strength for a breakout toward $3.30.
Also Read: XRP Price Prediction: Could Global Adoption Push It to $30 Soon?
Derivatives data adds another layer to the XRP price and its current action. The total XRP trading volume surged by 42.54% to $27.06 billion, signaling intense market activity. Despite the volume jump, open interest dipped slightly by 0.94%, suggesting some unwinding of leveraged positions.
The 24-hour long/short ratio stands at 0.94, leaning slightly bearish. However, on Binance, the long/short ratio for XRP/USDT accounts is at 2.09, and among top traders, it’s even more bullish at 2.73 (accounts) and 2.90 (positions), indicating that large, experienced traders are still betting on upward momentum.
Liquidation data shows that $32.81 million in XRP positions were wiped out over the last 24 hours, with longs accounting for $24.01 million, a sign that excessive leverage may be cooling off.
Backing the bullish sentiment, on-chain data reveals heavy accumulation by whales. Wallets holding more than 1 million XRP collectively added 100 million tokens over the past week. More impressively, those with holdings above 100 million XRP increased their positions by 1.45 billion XRP, reflecting high-conviction buying during the recent rally.
Simultaneously, institutional interest continues to grow. The Teucrium XXRP ETF has reached $248 million in net assets, becoming one of the top-performing digital asset ETFs this quarter. This marks a significant step toward mainstream adoption, as more regulated investment vehicles open up access to the coin for traditional investors.
Adding to the optimism, prediction markets show 85% of traders now believe a spot XRP ETF will gain regulatory approval by year-end. If approved, it could catalyze another wave of capital inflow and validate it as a long-term asset class.
“The ETF speculation is driving real demand, especially from institutions that couldn’t access XRP earlier. If approval comes through, it could unlock a multi-billion-dollar influx,” said David Lin, Markets Strategist at CryptoVerse Capital.
Also Read: Whale Moves $60M in XRP to Coinbase: What Could Happen Next?
Beyond short-term technical setups, a prominent market analyst recently pointed to a multi-year double-bottom pattern forming on XRP’s two-week chart since 2017. According to the analysis, the coin broke out above the neckline resistance in late 2024 and has successfully retested it as support in recent months.
This pattern, commonly associated with major trend reversals, supports a long-term target of $38, calculated from the measured move between the bottom and neckline. Achieving this price would imply a market cap of over $2.2 trillion, a lofty but not impossible scenario if institutional adoption accelerates.
“XRP’s macro breakout is the real story. The foundation for a much larger move is already in place. All it needs now is time and steady accumulation,” the analyst noted.
XRP price and its short-term dip to $2.86 come after an impressive rally, which has shifted market sentiment in its favor. Technicals show a healthy uptrend still in play, and derivatives data points to cautious optimism, especially from top traders. Whale accumulation and institutional demand, supported by growing ETF flows, further reinforce the bullish case.
While reaching $38 may take years and depend on broader crypto adoption, today’s XRP news is already showing signs of breaking out of its prolonged consolidation phase. For now, holding above $2.80 and reclaiming $3.10 are the next critical steps for bulls in the ongoing battle for momentum.
1. Why is XRP’s price consolidating near $2.86?
XRP is cooling off after a strong rally and facing resistance near $2.94-$3.10. It remains bullish above key EMAs.
2. What is the long-term price forecast for XRP?
Analysts project a potential rise to $38 based on a multi-year double-bottom pattern, though this could take time.
3. Are institutions investing in XRP now?
Yes. The Teucrium XXRP ETF has topped $248M in assets, and demand from large investors is rising.
4. What do XRP derivatives data suggest?
A surge in volume and bullish long/short ratios from top traders suggests continued upside interest, despite some liquidations.
5. What’s driving whale accumulation in XRP?
Whales are buying due to improved market structure, ETF optimism, and XRP’s positioning in cross-border finance.
