Ripple’s XRP (XRP-USD) has slipped 3% in the last 24 hours and 9% in the past week, trading at $2.76 with $8.66 billion in daily volume. The price now sits at resistance between $2.65 and $2.70, a zone that could determine whether the next major move is higher or lower.
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Crypto analyst EGRAG CRYPTO captured the moment in stark terms. “Are we going to pump down to $3.20 or a crash up to $2.20?” they asked, highlighting how compression inside a triangle pattern is forcing XRP toward a decisive breakout.
A daily close above $2.70 would open the path toward $3.20. Failure to clear that barrier could bring renewed selling pressure and send XRP lower.
XRP Analysts Debate Market Structure
Technical analysts remain divided on whether XRP is nearing a bullish breakout or entering deeper correction territory.
Analyst CoinsKid sees the setup as part of a wave cycle. “I think XRP is in a complex wave 4 correction after an explosive 5-wave move up from the June low,” he said. According to his view, wave 2 was a zig-zag correction, while wave 4 is forming a more complex pattern.
He pointed to a descending triangle with three lower highs pressing price against support. “Monumental support for XRP sits at the $1.90 June 22nd, 2025, low. If this support is lost, it changes the game completely,” CoinsKid added.
Liquidity Pools Raise Risks
Liquidity dynamics are adding tension to the market. A Coinglass heatmap shows a cluster of leveraged long positions just under the $3 mark. According to Steph is Crypto, these liquidity pools could tempt larger players to drive XRP lower, triggering liquidations before rebuilding positions.
This raises the risk of a short-term shakeout even if longer-term sentiment remains constructive.
Wider Market Forces Are in Play
The macro picture also matters. SEC approval of the first U.S. XRP ETF (XRPR) gave the token a boost, drawing in new attention from institutions. But Federal Reserve Chair Jerome Powell’s warning on stretched valuations and rising Treasury yields has cooled appetite for risk, including crypto.
With sentiment mixed, the $2.70 level has become the immediate line to watch. Holding it could fuel a run toward $3.20. Losing it could accelerate a slide toward $2.20 or even the $1.90 June low if broader risk markets weaken further.
At the time of writing, XRP is sitting at $2.7533.
