XRP Price Forecast: Key Levels at $3.00 Support and $3.18 Resistance to Decide Next Move
Technical signals suggest a breakout above $3.18 could propel XRP toward $4.80, while failure to hold $3.00 risks a drop to $2.80 | That's TradingNEWS
Intraday Price Fluctuations And Short-Term Squeeze Near $3.12
XRP/USDC on Binance traded between $3.04 and $3.17 on July 31, securing a $185.2 billion capitalization and $5.3 billion of volume in twenty-four hours. The price formed a tight five-bar red candle sequence after rejecting the $3.179 high, hinting at a micro consolidation. A brief uptick toward $3.13 suggests bears are tiring, but only a surge above $3.18 with real buying pressure will confirm a short-term bull flag rather than another drop to the $3.00 pivot.
Four-Hour Descending Triangle Signal And Volume Imbalance
A series of lower highs and lower lows since the $3.332 peak has carved out a descending triangle on the four-hour chart. Horizontal support sits at $3.00 after two successful holds, yet resistance continues to slope downward. Selling volume has outpaced buying volume, underscoring bearish conviction. Without a decisive break above $3.20, XRP faces the real risk of revisiting or undercutting the $3.00 threshold.
Daily Distribution Phase And Wider Retracement From $3.66
On the daily timeframe, XRP rocketed from roughly $2.07 to $3.66 before running into heavy supply and pulling back into the $3.10–$3.20 corridor. That consolidation band now doubles as a potential distribution zone, where giant liquidity pools may absorb upside attempts. The serious volume spike at the prior high, followed by contracting momentum, reinforces the notion of profit-taking. In the absence of a break above $3.40–$3.66 with conviction, the formation of consecutive lower highs points to further erosion of near-term strength.
Oscillators Paint A Mixed Sentiment Landscape
The RSI reading of 57.65 sits smack-dab in neutral territory, neither oversold nor overbought. Stochastic’s 25.30 level suggests only a modest rebound from oversold conditions. The CCI at −17.82 and ADX at 43.93 reveal a lack of clear directional force, while the Awesome Oscillator’s 0.336 reading is benign. The momentum indicator’s −0.416 crossing and MACD’s 0.1527 negative orientation both favor bears in the immediate term.
Moving Averages Highlight Short-Term Pressure Amid Longer-Term Uptrend
The 10-period EMA at $3.1617 and 10-period SMA at $3.1912 on the hourly and four-hour charts are exerting downward pressure, signaling near-term resistance. In contrast, medium- and long-term EMAs and SMAs (20, 30, 50, 100, 200 periods) remain decisively bullish—for example, the 50-period EMA sits at $2.7745 and the 200-period at $2.3190—confirming that despite corrective moves, the multi-month uptrend survives intact.
Bullish Case Hinges On $3.18 Break And Reclaim Of Wider Band
Should XRP stabilize above $3.12 and power through $3.18 on above-average volume, the short-term bull flag will come into play. A successful retest of that breakout level could pave the way for reclaiming $3.40 and potentially challenging the $3.66 supply zone once more. Medium- and long-term moving averages in support suggest any pullback remains a healthy retracement within the larger uptrend.
Bearish Scenario Threatens Fresh Test Of $3.00 Support
Failure to clear $3.20 decisively, especially in the face of bearish oscillators and diminishing volume, would reinforce the descending triangle and likely drive XRP back toward or below $3.00. A break of that critical floor could open the door to deeper corrections, potentially targeting the $2.80 region, as the sellers’ grip tightens and momentum shifts further negative.
Overall, XRP’s price is at a crossroads: a push above $3.18 on strong volume would resurrect the bullish case, while stagnation below that marker risks another leg down toward $3.00. Traders should watch for volume-backed moves beyond these thresholds to gauge which side prevails.
