- With Bitcoin teasing a new ATH above $123,000, XRP is making waves of its own, recently breaking past the $3 mark and edging closer to its previous peak.
- Crypto analyst Egrag highlights that XRP has broken out of a falling wedge, a bullish pattern that could set the stage for more upside.
Ripple’s XRP is seeing a surge of renewed interest as July unfolds, driven by both technical patterns and booming market activity. According to Coinglass, XRP’s derivatives volume has soared by 119.99%, hitting $47.37 billion, a sign of heightened speculative interest.
Open interest has also jumped 20.18% to $11.05 billion, showing a rise in active positions that traders haven’t closed. Even the options market is heating up: options volume spiked 125.82% to $18.26, and options open interest climbed 10.08% to $5.76 million, indicating increasing bets on future price moves.
XRP’s spot market is no exception; trading volume has nearly gone up by 99% in just 24 hours, now sitting at $22 billion, while its market cap has grown 12%, reflecting broader investor confidence. In the past week, XRP has added 35.59% and in the past day, another 10.83% to now trade at $3.49.
This surge has placed XRP just 8% shy of its all-time high of $3.85. These indicators suggest that XRP may be setting up for a strong finish to July, especially if bullish sentiment continues to align with these technical breakouts and institutional momentum.
Analysts Predictions
Crypto analyst Egrag Crypto recently highlighted two major formations playing out on XRP’s monthly chart: a falling wedge and a bullish rectangle. According to him, breaking out of the falling wedge points to an 18% measured move, while a full breakout from the bullish rectangle could push XRP up by as much as 27%.
Egrag added a key marker: if XRP’s dominance doesn’t close above 10%, he would consider this cycle underwhelming, despite these technically bullish setups. While referring to another X post that he made in November 2024, he said,
If #XRP manages to break through this Sky Dome Line, we’ll enter SPACE EXPANSION for #XRP Dominance!
Other analysts are also painting a bullish picture for XRP. Crypto analyst Ali Martinez recently revealed that whales have scooped up 2.20 billion XRP in just the past two weeks, a sign of growing confidence among large investors.
In another post, he pointed out that the MVRV ratio, a key indicator of market sentiment and value, just flashed a golden cross, the same signal that preceded a 630% rally in XRP the last time it appeared.
As reported by Crypto News Flash, analyst Aljarrah highlighted how movements in the U.S. Dollar Index (DXY) have historically lined up with major XRP rallies. For instance, during the 2017–2018 bull run, the DXY dropped from 103.8 to 88, and XRP exploded from nearly zero to $3.84.
A similar pattern played out in 2021, when a drop in the DXY to 89 saw XRP climb to $1.96. Most recently, a sharp decline in late 2024 preceded a 600% surge that pushed XRP to $3.40 in early 2025.
With the DXY now trending downward again, Aljarrah suggests a further drop toward 88 could ignite the next major leg up for XRP. Adding fuel to this, the U.S. administration has officially passed three cryptocurrency bills, which are meant to help define the regulatory landscape and set the stage for broader institutional adoption.
Source: https://www.crypto-news-flash.com/ripple-xrp-price-prediction-for-end-of-july/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-xrp-price-prediction-for-end-of-july