XRP is currently trading around $3.09, barely holding above the crucial psychological and technical support level at $3.00. The chart reveals underlying weakness as XRP struggles to reclaim both its 9-day and 21-day moving averages, which sit around $3.11–$3.13. Recent price action shows small, indecisive candles with diminishing momentum.
The Relative Strength Index (RSI) presents an even more troubling picture, remaining stuck in the low 40s. This signals weak buying pressure and suggests no clear reversal is on the horizon. Should XRP fall below the critical $3 threshold, traders should watch for the next major support at $2.80, with $2.50 representing a realistic medium-term target if selling pressure continues.
Bitcoin’s Consolidation Threatens Altcoin Recovery
Taking a broader market view, Bitcoin is trading around $117,944 and displaying clear consolidation patterns with reduced volatility. However, this consolidation isn’t the bullish type that typically benefits the overall crypto market. BTC has been trapped in a tight range between $116,017 and $118,000, repeatedly failing to achieve meaningful breakouts.
The 4-hour Bitcoin chart reveals multiple rejections near the $118,000 resistance level, with recent candlestick formations showing bearish tendencies. With RSI readings below 50, Bitcoin lacks the momentum necessary to spark a fresh altcoin rally. Market history shows that when Bitcoin drifts lower during consolidation periods, it usually pulls altcoins down with it—particularly those already facing technical pressure like XRP.
$XRP update
Passive buyers have been trying to defend the $3 zone over the last 2 weeks but aggressive buyers have failed to show up
Over the last 7 days 150M $XRP net market sold, thus why the reaction off this level has been weak
As stated yesterday on the liquidation post,… pic.twitter.com/5NjhLANyB2
— Dom (@traderview2) July 31, 2025
Technical Analysis Reveals Troubling Patterns
When examining XRP and BTC charts side by side, several concerning patterns become apparent. Both cryptocurrencies are trading below their respective moving averages, indicating short-term bearish pressure across the board. RSI readings for both assets remain below 50, confirming the absence of bullish momentum.
XRP sits precariously on top of major support, while BTC hovers just above its own critical floor level. If Bitcoin loses its $116,000 support, the entire cryptocurrency market faces the risk of another significant decline. Under such circumstances, XRP breaking below $3 would likely accelerate its descent toward $2.80, with $2.50 becoming increasingly probable if market sentiment deteriorates further.
In a breakdown scenario, XRP’s next cycle could mirror previous bearish phases. This would involve retesting the $2.50–$2.80 zones accompanied by heavy selling volume. Bearish momentum would likely push RSI below 30, signaling oversold conditions. A potential accumulation phase might emerge between $2.30 and $2.80, where long-term investors could consider re-entering the market.
The outcome largely depends on Bitcoin’s ability to maintain its current range or sink deeper. If BTC manages to stabilize and recover above $118,000, XRP might avoid a complete breakdown and attempt to reclaim the $3.13 resistance level.
Broader Market Implications
The technical weakness displayed by both XRP and Bitcoin suggests potential downside pressure across the cryptocurrency market in the near term. If key support levels fail to hold, traders may witness increased volatility and potential selling pressure throughout the altcoin sector.
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