XRP Eyes Breakout as Bulls Defend Key Support and Target $3.50 Rally

Ripple (XRP) sits at $3.14 following a modest 0.8% gain from the previous trading session. The digital asset recorded $6.61 billion in 24-hour volume, marking a substantial 14.69% surge in trading activity, though price movement remains relatively contained despite the heightened market interest.

Over the past week, XRP has climbed 3.18%, suggesting steady accumulation by buyers. This gradual upward movement reflects sustained purchasing pressure, although market participants remain watchful of broader cryptocurrency market dynamics.

Critical Support Zone Tests XRP’s Resilience

Technical analysis from Alpha Crypto Signal identifies a crucial support range between $3.05 and $3.10 on the four-hour chart. This zone has successfully defended multiple downside attempts, with the recent price action forming what appears to be a double bottom pattern. This formation typically precedes significant upward breakouts, and XRP’s recovery above the EMA-9 adds weight to the bullish scenario.

The combination of solid support and increasing volume creates conditions favorable for an upward breakout. Should XRP push through the $3.25 resistance level, analysts project a potential rally toward $3.50. The bullish thesis remains intact as long as the token maintains its position above the $3.05 floor, with traders closely monitoring for confirmation signals.

Market analyst Egrag Crypto emphasized the significance of XRP closing above $3.03, which would represent the first monthly close at this level in the token’s history. With approximately 19 hours remaining in the current timeframe, this milestone could signal a meaningful shift in market structure.

$XRP is one breakout away from rewriting the entire crypto narrative.

$3.65 isn’t the top — it’s the ignition switch.

Once that level breaks…
It’s liftoff.

We’ve seen what XRP can do with hype.
We haven’t seen what it does with utility. pic.twitter.com/c7Jmr9Uq21

— Ripple Van Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) July 28, 2025

Technical Indicators Paint Mixed Picture

Current technical readings show the Relative Strength Index at 58.67, indicating moderate buying pressure without reaching overbought territory. The MACD sits at 0.15480 against a signal line of 0.20849, with the histogram recording -0.05369, suggesting some momentum deceleration but potential for reversal.

CoinGlass data reveals strengthening market fundamentals, with trading volume increasing 12.28% to reach $10.78 billion. Open Interest expanded by 1.72% to $8.67 billion, while the weighted funding rate stands at 0.0063%. These metrics indicate measured bullish sentiment rather than excessive speculation, with momentum building gradually as traders position for the next significant move.

XRP approaches a defining technical juncture where a break above $3.25 could trigger an extended rally. The potential for a historic monthly close above $3.03 adds another layer of significance to current price levels, with market participants closely watching for signs of sustained upward momentum.

Market Implications

The technical setup and increased trading activity suggest growing investor confidence in XRP’s near-term prospects. A successful breakout above key resistance levels could attract additional institutional and retail interest, potentially extending the current upward trend.