XRP’s bullish momentum continued to intrigue market participants as the digital asset edged closer to the crucial $3.23 resistance level. Closing on July 27, 2025, just a hair under at $3.22, XRP’s resilience was on full display, bolstered by substantial trading volumes. This dance with resistance is stirring optimism among traders and analysts who believe the token could soon breach this barrier with sustained buying interest.
Institutional Appetite Fuels Optimism
The cryptocurrency landscape has been a turbulent sea lately, with XRP deftly navigating its waves. The token’s recent performance showcases a promising uptrend, characterized by a series of higher lows throughout the trading session. According to market data, XRP’s journey began with a dip to $3.16, only to rebound robustly, supported by significant institutional buying.
James Carter, a seasoned analyst at Crypto Insights, remarked, “The recent surge in volume, particularly in the late afternoon session, indicates that institutional investors are not just dipping their toes but are rather diving in. This kind of activity often precedes a breakout, especially when you see volume spikes like the ones at 16:00 and 17:00.” This follows a pattern of market volatility, as explored in our recent coverage of XRP’s Implied Volatility Explodes, Suggests 13% Price Swing as Congress’ Crypto Week Kicks Off.
The narrative around XRP isn’t just about immediate price action. Its underlying use case—facilitating cross-border payments and potential integration into decentralized finance (DeFi)—continues to draw long-term interest. Such utility acts as a sturdy backbone for XRP’s bullish case, despite the broader market grappling with ETF-related volatility and liquidation concerns.
Technical Patterns and Market Dynamics
XRP’s price action during the 24-hour window leading up to July 28 tells a story of technical strength. The token traded within a narrow band of $0.07, reflecting a 2.17% spread—a clear indication of its tight consolidation and potential for an explosive move. The final hour rally, lifting XRP from $3.21 to $3.22, underscores the momentum bubbling beneath the surface.
“The ascending channel formed over the session is a textbook example of bullish technical patterns,” noted Lisa Tran, a technical analyst with Crypto Charts Daily. “However, the real test lies in its ability to break and sustain above $3.23. Should XRP manage this, we could see a swift move toward the $3.30 mark.”
Traders are keenly observing whether XRP can maintain its footing above the $3.20 level as the broader market undergoes a phase of consolidation. The question on many lips: Will the follow-through buying volume emerge to propel XRP into the $3.25–$3.30 territory? The answer could hinge on whether institutional inflows persist in their current trajectory, which has seen spot volumes surge beyond the 24-hour average. This is particularly relevant in light of recent large transactions, such as the Whale Drops $60M XRP on Coinbase—What’s Next for Ripple’s Price?.
Eyes on the Horizon
As July 2025 unfolds, XRP stands at a pivotal juncture. Market participants are keeping their eyes peeled for any signs of a breakout from the ascending channel, a move that could usher in a new chapter for the token. However, with the market’s inherent unpredictability, there are concerns about whether this momentum can be sustained.
In the coming weeks, the digital asset’s path may hinge on broader market cues and the ever-evolving landscape of cryptocurrency regulations. Yet, with its robust use case and growing institutional interest, XRP is well-positioned to navigate these uncertain waters.
In the end, while XRP’s near-term journey is rife with potential, traders and investors alike must remain vigilant—ready to seize opportunities while being mindful of the risks inherent in this dynamic market. The quest for $3.23 is more than just a number; it’s a narrative of resilience and the relentless pursuit of growth. And that’s where it gets interesting.
Source
This article is based on: XRP Prints Higher Lows, Tests $3.23 Resistance With Heavy Volume
Further Reading
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- Crypto Market Is in The Early Stages of Altcoin Season, Analysts Suggest
- Single Trader Liquidated for $100 Million as Bitcoin Soars Past $123K: Market Watch
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
