TLDR:
- The XRP price broke a bullish flag after a 533% rally and is now retesting key support at $2.70.
- A weekly close above $2.90 could confirm continuation toward resistance at $3.49 and $4.57.
- XRP gains 24% in a week, with volume surpassing $14B as traders eye new highs.
- Analysts say holding the flag breakout zone may trigger the next bullish leg.
XRP has returned to a crucial technical zone after climbing to $2.97 this week.
The crypto asset previously broke out of a multi-month bullish flag on the weekly chart. As it retests the upper boundary of that pattern, the next few trading sessions could determine whether the breakout holds.
Analysts say holding above this level may signal a fresh leg up. At the time of writing, XRP trades around $2.77, according to CoinGecko data.
XRP Bull Flag Breakout Faces Major Test
According to analyst @Crypto_TheBoss, XRP had been forming a bullish flag following its sharp rally earlier in the year.
The breakout above this pattern led to the recent surge toward $2.97. The coin is now retesting the $2.70–$2.97 zone, a range viewed by many traders as make-or-break for the next trend.
The analyst noted that a weekly close above the flag could confirm continuation. However, falling back inside the pattern may trigger renewed consolidation. The breakout followed a 533% rally from below $0.50, marking an upward impulse that built the flag’s base.
This zone is technically significant. If $XRP… pic.twitter.com/Hyy29pS9ZG
— The Boss (@Crypto_TheBoss) July 11, 2025
Current price action hovers just above the upper flag boundary, a zone now acting as dynamic support. Holding this area could attract new buyers and maintain momentum. The lower boundary of the former flag now also serves as a major support level if prices fall further.
Traders are now eyeing the next resistance lines. The first is near $3.49, a previous high that could act as a psychological barrier. A second, longer-term resistance level appears near $4.57, which some view as a possible target if the uptrend resumes.
Market Conditions Support XRP Price Momentum
XRP’s rise aligns with broader bullish conditions in the crypto space. Bitcoin recently broke above $118,000, fueling capital inflow into large-cap altcoins.
According to @WiseCrypto_, if XRP stays above $2.90, it could make a clean move past $3 and potentially reach $4 to $6.
Additionally, growing interest in exchange-traded funds and positive sentiment in the digital asset market may support this narrative. Analysts believe XRP’s move appears less tied to other altcoins and more driven by its technical setup and macro tailwinds.
Now the 3rd largest crypto, $XRP may rally independently of altcoin trends.
ETF buzz + bullish momentum =
— Wise Crypto (@WiseCrypto_) July 12, 2025
XRP has now become the third-largest crypto by market cap. It posted a 6.96% increase in the past 24 hours and a 24.60% gain in the last week. Trading volume stands at over $14 billion, reflecting strong market participation.
With multiple bullish signals aligning, the next few days may prove decisive. If the $2.70 zone holds firm, XRP could be preparing for another breakout move.
The post XRP Price Retests Key Zone After Hitting $2.97: Can Bulls Sustain a Move Above $3? appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-price-retests-key-zone-after-hitting-2-97-can-bulls-sustain-a-move-above-3/