Zach Anderson
Jul 29, 2025 04:21
XRP trades at $3.14 (-3.47% today) while maintaining bullish trend above key support. Upcoming SEC meeting fuels XRP ETF speculation despite recent Upbit sell-off volatility.
Quick Take
• XRP currently trading at $3.14 (-3.47% in 24h)
• Ripple technical analysis shows very strong bullish trend despite short-term bearish momentum
• SEC meeting on July 31 creates anticipation for potential XRP ETF announcement
What’s Driving Ripple Price Today?
The XRP price has experienced notable volatility over the past week, primarily influenced by two contrasting forces. Most recently, anticipation is building around the SEC’s closed meeting scheduled for July 31, which has sparked speculation about a potential XRP ETF approval. This regulatory optimism has helped XRP maintain support above the critical $3.00 level, even as traders adjust their positions in preparation for the announcement.
However, this bullish sentiment follows a turbulent period that began on July 24, when XRP suffered its worst single-day decline since April 2025. The 10.34% drop was triggered by a massive liquidation of over 75 million XRP tokens on South Korea’s Upbit exchange, briefly pushing the XRP price below the $3.00 support threshold. Despite this setback, Ripple demonstrated remarkable resilience by quickly rebounding from lows near $2.96, with high trading volumes suggesting institutional accumulation during the oversold conditions.
Adding to market concerns, Ripple CEO Brad Garlinghouse issued warnings about increasing XRP-related scams, including deepfake videos and fraudulent YouTube livestreams promising XRP giveaways. While this security alert doesn’t directly impact price action, it highlights the growing attention XRP is receiving from both legitimate investors and bad actors.
XRP Technical Analysis: Mixed Signals Emerge
Based on Binance spot market data, Ripple technical analysis reveals a complex picture with competing signals. The most significant indicator is XRP’s RSI sitting at 58.31, placing it firmly in neutral territory and suggesting room for movement in either direction without being overbought or oversold.
Ripple’s moving averages paint a predominantly bullish picture, with the current XRP price of $3.14 trading above both the 20-day SMA ($3.14) and significantly above the longer-term 50-day ($2.57) and 200-day ($2.45) averages. This positioning confirms the overall very strong bullish trend classification.
However, momentum indicators reveal some concerning short-term signals. XRP’s MACD histogram shows -0.0477, indicating bearish momentum in the near term. The MACD line at 0.1881 remains below the signal line at 0.2358, suggesting selling pressure may continue in the immediate future. Additionally, Ripple’s Stochastic indicators (%K at 33.67 and %D at 40.58) suggest the token is approaching oversold conditions, which could present a buying opportunity for contrarian traders.
The Bollinger Bands analysis shows XRP positioned at 0.5016 of the band width, sitting right at the middle band (SMA 20), indicating balanced momentum between buyers and sellers.
Ripple Price Levels: Key Support and Resistance
The XRP price faces immediate resistance at $3.66, which coincides with both the strong resistance level and the upper Bollinger Band at $3.70. A breakthrough above this level could signal a continuation of the bullish trend, potentially targeting the 52-week high of $3.55.
On the downside, Ripple support levels are well-defined, with immediate support at $2.39 and strong support at $1.91. The recent test of the $3.00 psychological level during the Upbit sell-off demonstrated the importance of this area for XRP bulls. The 24-hour trading range of $3.08 to $3.33 provides short-term reference points for day traders.
Ripple’s Average True Range (ATR) of $0.19 indicates moderate volatility, suggesting that moves of approximately 6% in either direction are within normal daily fluctuations for XRP/USDT trading pairs.
Should You Buy XRP Now? Risk-Reward Analysis
For swing traders, the current setup presents a cautiously optimistic opportunity. The XRP price sits at a critical juncture where the upcoming SEC meeting could serve as a significant catalyst. Traders might consider entering positions with stop-losses below $2.96 (the recent rebound low) and profit targets near the $3.66 resistance level.
Day traders should focus on the narrow range between $3.08 and $3.33, looking for breakout opportunities in either direction. The neutral XRP RSI provides flexibility for both long and short positions, depending on momentum shifts.
Long-term investors may find the current levels attractive, given XRP’s position well above key long-term moving averages and the potential for positive regulatory developments. However, position sizing should account for the continued legal uncertainties and the demonstrated impact of large exchange liquidations on price stability.
Risk management remains crucial, as the recent 10% single-day drop illustrates how quickly sentiment can shift. The warning about increased scam activity also suggests heightened retail interest, which can lead to increased volatility.
Conclusion
The XRP price stands at a pivotal moment, with the July 31 SEC meeting potentially serving as a catalyst for the next significant move. While Ripple technical analysis confirms a very strong bullish long-term trend, short-term bearish momentum and recent volatility warrant caution. Traders should watch for a decisive break above $3.66 resistance or a failure to hold $3.00 support as key signals for the next directional move in the coming 24-48 hours.
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