XRP Price Prediction: XRP Gains Steam Above $3.25 as Momentum Builds—New ATH This Week?
The post XRP Price Prediction: XRP Gains Steam Above $3.25 as Momentum Builds—New ATH This Week? appeared on BitcoinEthereumNews.com.
The XRP price continued to rise in mid-July, climbing steadily above $3.25 as market momentum grew toward the immediate resistance at $3.40. With multiple bullish indicators aligning—ranging from strong derivatives data and a spike in new wallet addresses to favorable legislative developments in the U.S.—traders and analysts are now watching closely for a possible break to new all-time highs. XRP Maintains Uptrend Above Key Support XRP began a renewed uptrend earlier this week, pushing past the $3.02 resistance zone. The rally gathered steam after the token settled firmly above $2.840, mirroring the bullish movements of Bitcoin and Ethereum. Currently, the XRP price today is holding well above $2.95 and the 100-hour Simple Moving Average, signaling strong technical support. XRP was trading at around $3.269, up 10.49% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin A decisive break above $3.29 could pave the way for a retest of January’s high near $3.40. However, if XRP fails to maintain upward momentum, a pullback to the $2.880–$2.750 support zone may be on the cards. Derivatives Market Shows Strong Bullish Sentiment A key driver behind XRP’s bullish price action is the explosive growth in the derivatives market. According to CoinGlass, notional open interest for XRP perpetual futures surged past $8.8 billion on Wednesday, setting a new record. Bitget and Binance lead the charge, holding $1.94 billion and $1.48 billion in leveraged XRP positions, respectively. This level of open interest suggests heightened market participation and investor confidence. Positive funding rates across major exchanges indicate that traders are willing to pay premiums to maintain long positions—a classic signal of bullish sentiment. “When people are trying to FOMO, and they think the price is going to go up, they’re willing to pay a higher interest rate to leverage…
Filed under: News - @ July 18, 2025 12:33 am