A possible reversal in XRP has been forged.
“The movement points to a new test of the maximums,” says the trader.
XRP is one of the cryptocurrencies that has stood out this year, in which it has marked new historical maximums. And the expectations of its investors is to continue the rise for the cryptocurrency issued by Ripple Labs.
A technical analysis published In the TrainingView community for the SuperTrade company, with the title “The XRP chart shouts’ Alcista!”, shows a potential impulse scenario for XRP. The analyst considers that, after the strong correction from the $ 3.66 to the current USD 3.03, the price of XRP would have formed a reversion structure, with a solid support identified in the USD area 2.72 to 2.73 dollars.
It is an area that had already been key in the ruler of July And he acts as a purchase basis after several bearish attemptsdetermines the market operator.
Currently, the XRP price is pressing the intermediate resistance of $ 3.06. To break that level strongly, I would open its way to a new bullish advance, he says.
According to the analysis, a 4 -hour candle that closes above that area would be enough to confirm the movement and enable an impulse with two defined objectives: 3.30 and $ 3.66, the latter representing a return to the maximum previously reached.
The trader entry approach establishes an operation on the break and subsequent setback to $ 3.06, with a stop in USD 2.85, under the support and the highest recent recent. The risk-reompensa ratio is located around 2.8. SUPERTRADE suggests taking partial gains at 3.30 To reduce exposure to possible consolidation or setbackwhile the full objective is maintained in 3.66.
The current Technical Training of XRP shows a sequence of ascending minimums and price compression, which insinuates the possibility of an early bullish standard. Among the probable configurations, The analyst mentions an ascending triangle or an inverted shoulder-hombroboth consisting of a continuation scenario if the breakdown breakdown is confirmed in 3.06.
In this graph you can see the indicated configuration:
Sustained growth for XRP
In parallel to the technical analysis, XRP shows sustained growth for 2025. So far this year, the asset has risen 47.3% and reached a recent historical maximum of $ 3.66. Part of this progress is linked to the approval of the Genius Law in the United States, which introduces legal clarity for cryptoactive emitters, including Stablecoins.
It is that Ripple, in addition to issuing XRP, is responsible for the Stablecoin Ripple Usd (RLUSD), which operates under state regulation of the New York Financial Services Department. However, the company also requested a license to function as a National Bank, which would transfer the supervision of RLUSD to the federal plane, under the office of the currency comptroller (Occ).
From the international level, Ripple increased its activity through strategic alliances. On July 16 he announced an association with the British firm Ctrl Alt to develop real estate tokenization infrastructure in Dubai, under the support of the local land department. The project is based on the XRP Ledger (XRPL) network to manage writing token. In Singapore, the company will launch in September the XRPL accelerator program, aimed at expanding the tokenized economy in Asia, cryptootics reported.
Regulation also influences
In general, the regulatory and business environment is combined with a legal context still under development. Today, August 7, the United States Stock Exchange and Securities Commission (SEC) begins a new debate to define whether it withdraws its demand against Ripple Labs, initiated in December 2020. The case originated from an alleged collection of 1.3 billion dollars through the sale of XRP, which the regulator previously directed by former banker Gary Gensler considered a non -registered value.
In March of this year, the CEO of Ripple, Brad Garlinghouse, declared that the SEC had decided to leave the accusation, as a result of a Posture change promoted by President Donald Trump In favor of cryptocurrencies. However, in June, Judge Analisa Torres, of the Southern District Court of New York, denied a joint motion between Ripple and the SEC that sought to cancel a previous order and reduce the fine imposed on the company.
Waiting for a final resolution, XRP maintains the attention of analysts and entrepreneurs in the sector. Among them, the Dom and Phil Kwok brothers, founders of the Easya educational platform, recently valued more than 4,000 million dollars. In a recent statement, Dom Kwok said XRP could reach $ 1,000 around 2030, backed by technical advances and the growth of the Ripple ecosystem.
Within that framework, the graphic becomes relevant to operators. The level of $ 3.06 becomes the immediate turning point. At the moment, the eyes of the market are put on the combination of technical signals, regulatory news and institutional foundations.
