Will XRP Ripple to $3 or Sink to $1.5? 🌊💰

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Out on the vast, digital plains of the crypto world, XRP, like a lone farmer in the Dust Bowl, has been toiling through weeks of sideways movement and declining volatility. But, lo and behold, the land shows signs of life once again. The recent liquidity sweep and the break of key technical levels suggest a potential shift in momentum, as if a gentle rain has finally come to the parched earth.

However, the bulls, those stubborn, hopeful creatures, still face several overhead resistances that could determine whether this is a short-term relief rally or the beginning of a more sustained uptrend. It’s like trying to plant a crop in a field where the soil is as hard as a rock, but a man’s got to try, hasn’t he?

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, signaling aggressive buying interest from that zone. It’s like a farmer finally getting a good rain after a long drought, and the crops are starting to look up.

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. It’s like the farmer’s crops not just surviving but thriving, and he’s dreaming of a bumper harvest.

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 signaling overbought conditions. It’s like the farmer’s crops looking good, but he’s not sure if the rain will keep coming.

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. It’s like a farmer trying to plow a field, but the plow keeps getting stuck in the hard ground.

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. It’s like the farmer standing in the middle of his field, looking up at the sky, and wondering if the rain will come or if he should just pack it in and head to town for a drink. 🍻

 

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2025-07-04 18:17