XRP hovers around the $3.00 support zone, still caught in a consolidation pattern in the short term | Today's XRP price prediction (July 29)

XRP (Ripple) has seen a continuous weakening of momentum over the past week, currently oscillating in a narrow range above a key support zone, lacking new bullish catalysts. Although it held the $3.12 support yesterday, the price has faced multiple short-term resistance pressures, with the hourly and 4-hour technical charts still showing a clear bearish tendency. Both bulls and bears are currently vying for short-term dominance in the $3.00–$3.14 range.

Yesterday's Performance Review: The Fluctuation Range Basically Meets Expectations Yesterday (July 28), analysis indicated that XRP is likely to maintain a range of $3.12–$3.38, provided that the $3.00 support holds. It was emphasized that if it breaks through $3.30, it is expected to test $3.65 and $3.82.

The actual trend was as expected, falling back to the demand zone after being constrained at the trend line resistance, failing to break through, and momentum continues to weaken. Meanwhile, there is still a downward risk if it breaks below $3.00.

XRP Price Overview (July 29)

• Current Price: $3.128
• 24-hour change: -0.18%
• 1-hour RSI (14): 40.14 (weak)
• Trading volume: flat to low

The price is currently in the range of $3.00–$3.20, below the 30-hour moving average. Each rebound is being suppressed by bears, and the market is showing clear hesitation in this key area.

Technical Chart: Bearish Structure Not Broken, Buyer Momentum Still Weak The 4-hour chart shows that a break of structure has occurred, accompanied by a series of "lower lows and lower highs" formations. The downward trend line and the declining 30 EMA both indicate persistent bearish pressure.

The current price is testing the key demand zone between $3.00 and $3.14. Although this area has historically triggered strong rebounds, in this round of testing, the candle bodies are relatively small, the upper and lower shadows are faint, and the trading volume is sluggish, indicating market hesitation and a lack of buying support.

If it cannot rise above $3.30, then the bearish structure will not be reversed.

Technical Indicators (Hourly Chart) Summary

• MACD: Maintain death cross state

• ADX: Indicates that the trend strength still exists.

• ROC/RSI: Continuing weakness, no obvious divergence signals.

• Moving Average Structure: Bearish arrangement, resistance stacked layer upon layer.

  

Short-term Price Prediction Three Scenarios

• Bullish Scenario: If the price breaks through $3.30 and stabilizes, an upward channel can be opened, with targets at $3.65 and $3.82. However, there are currently no such confirmation signals.
• Neutral Scenario: If the support is maintained in the range of $3.00–$3.14, XRP may continue to oscillate narrowly between $3.10–$3.35, with insufficient momentum.
• Bearish Scenario: If the price falls below $3.00 and closes underneath, it may accelerate to $2.80, with further support seen at $2.44 (near the 200-day moving average).

Conclusion: The current trend of XRP is at a key turning point. The short-term support is still valid, but without the volume to break through $3.30, it will be difficult to regain the bullish momentum. If it falls below $3.00, it will open up greater downside potential. Investors should closely monitor the price reaction in the key support/resistance areas, operate cautiously, and avoid chasing rises and selling on declines.