TLDR:
- XRP price is testing $3.04 resistance with eyes on a breakout above the $3.18 level.
- Price action remains bullish with shallow pullbacks and strong trendline support.
- Market dominance could climb to 27% if bullish patterns hold, says Egrag Crypto.
- RSI levels suggest XRP may be approaching the next phase of its long-term cycle.
XRP price action is heating up as fresh technical signals point toward a possible breakout above $3.18.
Momentum remains strong following a steady climb over recent sessions, drawing interest from traders eyeing short-term gains. Analysts believe XRP’s bullish structure is still intact, with shallow pullbacks reinforcing market strength.
Price activity now centers on a critical resistance zone, which, if cleared, could open the door to price discovery. Current market conditions suggest that XRP may be entering an acceleration phase with rising dominance and trendline support.
XRP Price Holding Key Retracement Levels
XRP pulled back to the $2.85 mark, aligning with the .236 Fibonacci retracement level, according to CasiTrades.
The retracement remained shallow, which often signals healthy bullish continuation. The price held above the .118 and .236 levels, considered strong indicators of buying strength during a retrace.
XRP is holding serious momentum, and the chart continues to play out beautifully!
Price pulled back to $2.85, the .236 fib retracement. It continues to hold bullish retrace levels, like .118 + .236. That’s exactly what we want to see in bullish continuation, shallow… pic.twitter.com/Cvkg8fzFJA
— CasiTrades
The analyst noted that XRP is approaching $3.04 again, a macro resistance level that must flip into support. A successful move above that mark would set up the next push toward the $3.18 level.
This area is seen as a potential turning point, where buyers will need to maintain control to avoid rejection.
A key trendline on the hourly chart continues to support the ongoing rally. Based on that structure, CasiTrades projected a potential move to $3.18, where multiple resistance indicators converge.
If XRP hits that level and retests $3.04 successfully, the setup could drive a stronger upward leg.
CoinGecko data confirmed XRP was trading at $2.98, reflecting a 2.17% gain in the past 24 hours and 24.62% over the past week. This rise aligns with broader interest across altcoins, though XRP appears to be leading with clearer signals on high time frames.
XRP Dominance Signals Cycle Strength
Meanwhile, Egrag Crypto emphasized XRP’s performance over overall crypto dominance.
The trader said XRP has broken out of a falling wedge pattern on the monthly chart, with a potential measured move up to 18%. He also pointed to a bullish rectangle formation that could extend dominance to 27%.
According to him, XRP needs to hold above 10% dominance to be considered successful in this cycle. Anything less, he suggested, would signal a weaker performance relative to the broader market.
Egrag also analyzed XRP’s RSI, highlighting its current alignment with past cycle patterns.
He outlined three stages: the initial pump, the cycle bottom, and the upcoming blow-off top. With RSI levels approaching 80 and above, he noted that traders should watch closely for signals confirming a top.
#XRP – RSI – Cycle Top Indicator:
While the RSI (Relative Strength Index) is not the sole indicator for identifying cycle tops and bottoms, its historical patterns for #XRP reveal a compelling setup: the 1, 2, and 3 stages.
1⃣ Stage 1: The initial pump of the cycle
2⃣ Stage 2:… pic.twitter.com/vEsqv0Tyw5— EGRAG CRYPTO (@egragcrypto) July 16, 2025
He added that while no one can predict exact numbers, staying prepared and emotion-free remains critical. Egrag plans to hold 30% of his XRP allocation regardless of future price action, expecting the final rally phase to unfold soon.
As XRP continues testing key levels, eyes remain on $3.18. A confirmed breakout could shift market sentiment and drive renewed momentum into uncharted territory.
The post XRP Price Analysis: Momentum Builds Toward Critical Resistance Levels appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-price-analysis-momentum-builds-toward-critical-resistance-levels/