XRP price is holding ground following a solid rally early in the month, but signs that the cooling might occur in the short term are starting to appear.
The price is gravitating near $2.92, slightly under the key $3.00 level closely watched by traders.
Momentum remains with the bulls, but some indicators have been flashing warning signals, and this might mean an impending pause before further upside movement.
Let’s break down what’s happening with XRP today.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s prediction, we pointed out that $2.85 to $2.95 was the key range to watch. We mentioned that reclaiming $2.95 could set XRP up for a retest of the $3.00 level, and that’s exactly what played out.
XRP price made a push higher but stalled just over $3.00 before pulling back slightly. We also indicated that if $2.75 didn’t hold, we might see ourselves falling into the $2.60 area or $2.35 in an even stronger pullback. XRP has remained above $2.85 up until now, which still preserves the bullish setup.
📊 XRP Daily Overview (July 16)
- Current Price: $2.919
- 24h Change: –1.31%
- 9-Day SMA: $2.64
- Trend: Still bullish
XRP price remains well above its 9-day moving average, which is now increasing steadily. Momentum remains strong but the rate of the recent growth suggests a cooling-off is overdue shortly.
🔍 What the XRP Chart Is Telling Us
The daily chart shows XRP in a clear uptrend. The price has been climbing along a rising trendline that’s been in place since April, and recent candles have confirmed that buyers are still in control.
Support is looking solid around $2.60 to $2.65, right near the 9-day SMA and a recent intraday base.
If XRP price holds this area, we could see another push higher. But if it breaks below, $2.35 becomes the next level to watch.
On the upside, $3.00 is the immediate resistance. If bulls break through, the next zone to test is $3.20 to $3.25, the highs from March.
📈 Technical Indicators (Daily Timeframe)
| Indicator | Value | What It Means |
| RSI (14) | 79.06 | Overbought – cooling possible |
| MACD (12,26) | 0.174 | Bullish – upward momentum |
| CCI (14) | 126.80 | Strong Buy |
| Ultimate Oscillator | 60.01 | Bullish Bias |
| ROC | 33.97 | Strong Buy |
| Bull/Bear Power | 0.58 | Bulls still in charge |
Summary: Most indicators are pointing to continued momentum, but RSI being overbought tells us a short-term pullback could be on the table.
🔮 What Could Happen Next
Bullish Scenario:
If XRP closes over $3.00, momentum could carry it to $3.20. Breaking above $2.85 is key to continuing this move.
Neutral Scenario:
We might see XRP price trade sideways between $2.75 and $2.95, waiting for the next catalyst.
Read Also: On-Chain Expert Warns: XRP Could Rise as Bitcoin Faces Its Biggest Threat Yet
Bearish Scenario:
If price slips below $2.60, there’s room for a dip back to $2.35, especially if Bitcoin also starts dropping.
🧠 Final Thoughts
XRP price remains firm overall, but it could be due for some short-term consolidation following such a sharp move up. As long as the price holds above $2.85, bulls are in charge.
All eyes are now on that $3.00 mark, break it, and we could see another leg higher. Fail to do so, and a cooldown could be next.
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