Ripple (XRP) Price Strengthens, Can it Break Major Resistance? (7/3/25)

Jakarta, Pintu News – The new Ripple (XRP) price recovery started from the $2.20 zone. Currently, the price is rising and may break the $2.550 resistance zone.

Ripple (XRP) Market Dynamics

The price of Ripple (XRP) saw a fresh drop below the $2.80 zone, following in the footsteps of Bitcoin (BTC) and Ethereum (ETH). The drop brought the price below the $2.60 and $2.50 levels. Sellers managed to push the price below $2.25, but buyers started to emerge near the $2.20 support zone, forming the basis for a recovery. Now, the price of Ripple (XRP) is in a recovery phase, having crossed $2.30 and showing positive signs above the 100-hour simple moving average.

Also Read: The Burning of 20 Million SHIBs: Will Shiba Inu Prices Skyrocket? (7/3/25)

Resistance Faced

In its upside movement, Ripple (XRP) is facing some critical resistance levels. Currently, the price is above $2.40 and testing resistance at $2.550. If successful, the next resistance is $2.60. The higher resistance level is at $2.70, which is the 61.8% Fibonacci retracement of the last drop from $3.00 to $2.211. A break above $2.70 could push the price towards $2.80, and if the bullish momentum continues, the price could reach $2.880 or even $2.920 in the near term.

Downside Potential

If Ripple (XRP) fails to break the $2,550 resistance zone, the price may see another drop. Initial support lies near $2,480, followed by strong support at $2.40. A break below this level could trigger a further decline towards $2,320. The next critical support is the $2.20 zone, which if broken, could worsen the decline in Ripple (XRP) prices.

Key Technical and Support Indicators

The Moving Average Convergence Divergence (MACD) indicator for Ripple (XRP) shows increasing momentum in the bullish zone. Meanwhile, the Relative Strength Index (RSI) is above the 50 level, signaling strength on the buyers’ side. Key supports lie at $2.40 and $2.320, while key resistances are $2.550 and $2.70. These two indicators provide a clearer picture of the potential price direction of Ripple (XRP) in the near term.

Conclusion: Ripple (XRP) Price Outlook

With strong support in the $2.20 zone and an ongoing recovery, Ripple (XRP) has the potential to overcome the existing resistance and reach higher price levels. However, failure to break the key resistance could push the price back down. Investors and traders should monitor technical indicators and support/resistance levels to make informed decisions on trades.

Also Read: Litecoin (LTC) Hit a Record High, Will the Price Surge? (7/3/25)

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Gears Up to $2,550. Accessed on March 6, 2025
• Featured Image: Decrypt