XRP price started a fresh increase above the $2.30 zone. The price is now showing positive signs and might climb above the $2.32 resistance.
TL;DR
After weeks of sideways movement and declining volatility, XRP is showing signs of life once again. The recent liquidity sweep and the break of key technical levels suggest a potential shift in momentum. However, bulls still face several overhead resistances that could determine whether this is a short-term relief rally or the beginning of a more sustained uptrend. XRP Price Analysis: Technical By ShayanMarkets The USDT Pair On the daily chart, XRP has bounced strongly after sweeping the sell-side liquidity below the $2 level. That sweep was followed by a strong bullish engulfing candle, signalling aggressive buying interest from that zone. The price has since reclaimed the 100-day moving average and is currently testing the 200-day MA and the descending resistance of the multi-month descending channel around $2.40. A clean breakout above this zone could open the door toward the $3 resistance cluster. If momentum continues, bulls may even eye a rally toward the major supply area near $4. However, failure to break this structure could result in another retracement back to the $1.60 demand zone. If that level breaks again without a new higher high, the structure would remain bearish. The RSI at 58 is also neutral-bullish, supporting a short-term continuation move, but not yet signalling overbought conditions. Source: TradingView The BTC Pair XRP/BTC is still trading inside the descending wedge and hasn’t confirmed a breakout yet. The pair is hovering just beneath the wedge’s upper boundary and the key resistance zone at 2100 SAT, which is just below the 100 and 200 EMAs. Despite several attempts to push higher, it has failed to break and close above this confluence. Until that happens, the downtrend structure remains intact, and the wedge is still in play. If a rejection follows, we could see another drop toward the lower boundary near 1800 SAT. Moreover, the RSI sitting around the neutral 50 level signals indecision, making a confirmed breakout or rejection crucial for the next move. Source: TradingView The post Ripple Price Analysis: $1.5 or $3 – Which Will be First for XRP This Year? appeared first on CryptoPotato.
The long-standing and controversial question of whether Ripple payments could one day replace the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is gaining renewed attention in the crypto market. A prominent XRP analyst has highlighted a significant shift in the Ripple payment infrastructure that could represent a potential turning point in the crypto company’s bid to challenge SWIFT’s decades-long dominance in global cross-border settlements. XRP Analyst Unveils Ripple’s Latest Moves In his latest X social media thread, crypto market analyst Pumpius explains how Ripple could eventually supersede SWIFT as a cross-border payment infrastructure and settlement layer for banks. The analyst highlights recent developments that continue to fuel Ripple’s growth and position it as a prime candidate for transforming global financial messaging. According to Pumpius’s report, Ripple has taken a significant step forward in its bid to transform the global financial system, as recent developments show deepening infrastructure integration. The XRP analyst disclosed that Ripple payments have officially integrated with EUR and GBP International Bank Account Numbers (IBANs), marking a critical evolution in its offering. This suggests that Ripple is no longer just processing payments, but enabling institutional-grade banking functionality within its ecosystem. Through partnerships with OpenPayd, Ripple is granting financial institutions access to programmable dollar liquidity. OpenPayd clients can now mint and burn the Ripple on-chain stablecoin, RLUSD, in real-time. The XRP analyst has called this new development a faster and potentially more efficient programmable USD liquidity on demand. He highlights that this capability also unlocks automated FX, compliance solutions, and seamless cross-border fund movement. Pumpius describes Ripple’s latest developments as a game-changing moment for blockchain-based finance. Rather than acting as a parallel system, the crypto company is now positioning itself as a new banking layer, built entirely outside the legacy infrastructure, but fully equipped to serve its institutional clientele. How Ripple Could Replace SWIFT’s Legacy Pumpius’s X report suggests that Ripple’s evolution isn’t limited to just speed or low-cost payments. The core technology behind XRP and Ripple’s APIs aims to replace key functions of the SWIFT network, which currently facilitates interbank financial messaging and settlements globally. The analyst notes that Ripple’s model delivers what SWIFT does not, including real-time foreign exchange, end-to-end automated banking APIs, instant stablecoin-to-fiat conversion, and settlements via XRP. What makes the potential transition from SWIFT to Ripple even more tangible is the live infrastructure now running behind the crypto payment company’s system. According to Pumpius, liquidity corridors are no longer theoretical for Ripple, but operational. The company’s stablecoin rails are also highly active, while XRP has evolved from its status as a speculative asset into being used for final settlements in real financial flows. Overall, the integration of IBANs and the launch of RLUSD make Ripple a direct competitor to SWIFT. And as the analyst notes, these developments are more than incremental signs of growth—they mark a potential turning point in Ripple’s goal to replace SWIFT.
TL;DR
This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) ETH closed the week with a 4% price increase and is currently sitting comfortably above $2,500. This is impressive considering that only two weeks ago it was at $2,100. With buyers returning, optimism is increasing across the market which may finally allow it to test and break the resistance at $2,800. As long as the price is above $2,500, bulls have the advantage and higher price levels are likely. Looking ahead, ETH shows a clear bullish bias across momentum indicators such as the MACD and RSI which are making higher lows. The only missing piece to make a breakout possible is buy volume which still lags behind and has not made higher highs yet. Chart by TradingView Ripple (XRP) Bulls had a good week and tested the resistance at $2.3 again. While they did not have the strength to break this level yet, the price still managed to increase by 6%. With clear higher highs and lows, XRP is found in an uptrend which may eventually break the key resistance. If successful, the buyers may aim to initiate a rally towards $2.6 next, which is a key target as soon as $2.3 falls. This long consolidation above $2 indicates that this cryptocurrency may experience a sharp increase in volatility as soon as it leaves its current range. The bias is bullish and a quick rally to $2.6 and beyond is likely if buy volume explodes later. Chart by TradingView Cardano (ADA) After a difficult period in June, ADA appears to have finally found a local bottom above 50 cents. Most recently, the price made a higher high and managed to close the week with a 5% increase. This is encouraging and may allow it to reverse its downtrend. With buyers in control, theh altcoin has a good chance to test the resistance at 64 cents which used to act as a key support in the past. To turn the bias bullish, ADA will have to move its price above $0.64. This cryptocurrency has a difficult road ahead since it has been making lower lows for over six months. To reverse this, buy volume has to increase significantly. A first step towards that is to reclaim $0.64. Chart by TradingView Solana (SOL) Solana managed to return above $150 which is a key psychological level. This allowed the price to close the week 6% higher. While this is encouraging, buyers have to keep the price above this level if they want to maintain control. Considering the recent rally, the price action may be forming an inverted head and shoulders reversal pattern on the daily timeframe. However, to confirm it, SOL has to move above $170 and secure a higher high. Moreover, the volume has to increase since it has been flat for months. Right now, the momentum indicators are bullish, but without increasing volume it will be hard for buyers to push this cryptocurrency higher. As long as $150 holds, bulls still have the upper hand. Chart by TradingView Hype (HYPE) HYPE had a good week and increased by 5%. However, the price action shows buyers are becoming exhausted. Every time it tried to reclaim and stay above $40, sellers returned to push it lower. With weakening momentum and volume, HYPE appears to struggle right now and is not able to make higher highs. On the contrary, if the price cannot move above $40, sellers will have an opening to push it lower. Looking ahead, HYPE could be establishing a complex local top formation that may prolong its current correction after its most recent ATH at $46. Based on this, it is unlikely for this cryptocurrency to make new price records any time soon. Chart by TradingView The post Crypto Price Analysis July-04: ETH, XRP, ADA, SOL, and HYPE appeared first on CryptoPotato.
XRP remains one of the most actively discussed cryptocurrencies on social media, with expectations that its price has yet to plateau. Things like the Ripple battle with the Securities and Exchange Commission (SEC) coming to an end and Bitcoin expected to resume its uptrend have fueled expectations of the XRP price reaching new all-time highs. However, amid the calls for higher prices, a crypto analyst has warned that a major crash could be on the horizon for the altcoin. Why The XRP Price Will Crash Crypto analyst Xanrox took to the TradingView website to share thoughts on why they believe the XRP price is headed for a massive crash. The analyst explains that after the 600% rally that brought XRP to new 5-year peaks, it has lost steam and could be headed downward. The first thing is the fact that the price has been ranging for years, and even with the price jump back in 2024, Xanrox does not believe that the ranging has ended. This range began in 2017 and even after breaking above $3 briefly, the price remains inside of an ascending triangle, which is bearish at the current level. There is also the fact that the analyst points out that the pump created a large Fair Value Gap (FVG). The thing about FVGs is that they tend to be filled, especially after the price has ranged for as long as XRP has, and unfortunately, the FVG lies towards lower levels. The crypto analyst also calls out the fact that the XRP price is known for making weird moves and taking liquidity from traders while ranging. Historically, XRP has had more down periods than up, suggesting that bears often dominate the cryptocurrency. How Low Can The Price Go? The crypto analyst believes that the XRP price has already topped out, and thus, it’s time for investors to start thinking about exiting their positions. For one, even at $2.1, Xanrox says the price is still extremely high, especially sitting at the top of an ascending triangle. From here, they expect that the price will crash back down toward $0.6, which is where the price started before the 600% increase in 2024, suggesting a 72% decrease in price. For investors who bought into the coin before the rally, the analyst advises that they start thinking about locking in profits at this level. For those who bought after the pump, they speculate that they got in at the top and should be looking to get out at breakeven or even eat a small loss to exit the position. Last but not least, for futures traders, the crypto analyst advises exiting any positions entered before the crash and switching to short positions if they want to make money on XRP.
XRP price started a decent upward move from the $2.20 zone. The price is now correcting some gains and might find bids near the $2.220 zone.
REX-Osprey’s Solana ETF launched on July 2, with SOL now the third crypto asset to have a spot ETF in the US after Bitcoin and Ethereum. Bloomberg analysts Eric Balchunas and James Seyffart have now suggested that an XRP ETF could be the next to launch. XRP ETF Next As Solana ETF Goes Live In an X post, Bloomberg analyst James Seyffart suggested that an XRP ETF may be next following the launch of a Solana ETF. This is based on Seyffart and his colleague Eric Balchunas’ prediction that the XRP fund has a 95% chance of approval this year. They had also predicted that a SOL ETF had a 95% chance of approval and that this fund has now launched. Although not through the conventional structure, REX-Osprey launched the first Solana staking ETF on July 2. This is simply a spot SOL ETF, which will also provide staking rewards to investors. Additionally, the Grayscale Digital Large Cap Fund, which also had a 95% approval odds, has also been approved by the SEC, which puts the XRP ETF in pole position to be next. Following the approval order for the conversion of Grayscale’s fund into an ETF, market expert Nate Geraci declared that a spot XRP ETF is up next for the SEC’s approval. He predicts that other altcoin ETFs for Cardano and Litecoin will also get the nod from the commission. However, based on Seyffart and Balchunas’ prediction, a Litecoin ETF is the only one that could come before an XRP ETF. The approval odds for a Litecoin ETF also stand at 95%. Furthermore, the final SEC deadline for the LTC ETF is October 2, just days ahead of the XRP ETF’s final deadline, which is October 17. Traders Expect XRP ETF Next Polymarket data shows that traders are expecting an XRP ETF before a Litecoin ETF or any other altcoin ETF. Data from the prediction market shows that there is an 87% chance that the XRP fund gets approved by December 31. On the other hand, there is an 86% chance the SEC will approve an LTC ETF by year-end. Other altcoin ETFs have lower odds of approval by year-end. Seyyfart and Balchunas predicted that there is a 90% chance that Cardano, Dogecoin, Hedera, Avalanche, and Polkadot ETFs get approved this year. Polymarket traders say that there is an 83% and 76% that the Commission approves an ADA and DOGE ETF, respectively. Meanwhile, Ripple’s decision to drop the cross-appeal against the SEC and potentially end the XRP lawsuit is another reason why experts like Geraci are confident that an XRP ETF will come soon. At the time of writing, the XRP price is trading at around $2.26, up over 3% in the last 24 hours, according to data from CoinMarketCap.
XRP’s recent rally to $2.30 has been followed by a cooling-off period, with the price falling back to $2.18 after slipping below the short-lived $2.25 support. Although this pullback might raise concern, it comes on the back of a week-long steady increase that took XRP from $1.93 early last week back to the $2.33 resistance level that has held firm in the past 30 days. Crypto analyst CasiTrades shared an updated outlook with a chart to show how a test of the consolidation zone between $2.18 and $2.16 could determine whether XRP reclaims its bullish momentum to $3 or enters into a deeper reset. $2.16–$2.18 Zone Determines XRP’s Direction According to CasiTrades, who posted her technical analysis on the social media platform X, XRP’s recent retest around $2.16–$2.18 is not yet a breakdown, but it marks a defining moment. After reaching $2.30 resistance, the price wasn’t able to hold the $2.25 support level. Instead, it pulled back to retest. Notably, this zone was previously the top of a major consolidation structure, and holding above it would suggest that XRP is a simple backfill structure after a breakout. This is a very common pattern where a crypto price rejects a key resistance, retests the initial breakout zone, and resumes the trend if momentum holds. In the analyst’s view, the market needs to respect this range to confirm that XRP is still in breakout mode. The importance of this level is also echoed in the chart shared by the analyst, where a rising wedge intersects with the highlighted horizontal support at $2.1688 around the 0.382 Fibonacci retracement level. On the other hand, a failure to hold would shift the outlook drastically from a bullish perspective. As noted by the analyst, if the altcoin fails to hold above $2.16, it could initiate a pullback toward $1.90 and potentially invalidate the bullish setup that has been building over the past week. RSI Divergence Points To Higher Chance Of Rebound One of the early encouraging signs for XRP bulls is in the Relative Strength Index (RSI), which has been diverging from price. This is an excellent signal of seller exhaustion, which supports the analyst’s claim that the current move could be more of a cooldown than another crash to $1.90. CasiTrades believes XRP would be ready for its next extension wave if bulls can defend the $2.16 to $2.18 range and reclaim $2.25. The price targets in view are $2.69 and $3.04, both based on Fibonacci levels. The first resistance level is at $2.3027 around the 0.618 Fibonacci extension. This price level is also a milestone for confirming the strength of the rally before a broader move to $3 and possibly above. Interestingly, the altcoin’s price action in the past 12 hours has seen it already reclaiming bullish momentum after bouncing off an intraday low of $2.17. At the time of writing, XRP is trading at $2.27, up by 3.7% in the past 24 hours. This shows that buyers are already working to flip the $2.25 price level.