XRP Price Prediction: XRP Bounces Back After 10% Drop, Charts Hint at $3.55 Retest in the Short Term

After suffering a sharp 10% drop that pushed XRP down to $2.96, the cryptocurrency has bounced back with renewed momentum.

The recovery has raised hopes for a short-term retest of the $3.55 resistance, as bullish signals begin to emerge across technical charts. Analysts are calling the correction a healthy reset that may lay the foundation for the next leg up in the ongoing rally.

Technical Structure Signals Bullish Reversal

Following the rebound from $2.96, XRP today is showing early signs of a bullish reversal. A short-term breakout occurred between $3.06 and $3.09, supported by above-average trading activity. Momentum continued to build, pushing the XRP price to $3.24 by the end of the session. Analysts highlight the consistent pattern of ascending lows—from $2.96 to $3.11—as a key indication that bearish pressure is weakening.

A sharp price surge in the next 30 days seems overly optimistic—unless there’s a major development from the White House. Source: mn_mansha on Tradingview

The critical support level of $3.10 has now been reclaimed, while resistance sits at $3.23 to $3.25. A confirmed breakout above this supply zone could validate a stronger recovery phase, potentially setting the stage for a XRP price prediction of $3.55 in the near term.

XRP Recovers After Brief Dip Below $3

The XRP price fell from $3.45 to $3.10 during a volatile 24-hour session ending July 24, briefly dipping as low as $2.96. According to CoinDesk data, the steep decline broke below the $3.20 support zone and triggered fresh resistance near $3.24. Despite the sharp move down, XRP quickly rebounded into an ascending channel, printing higher lows and reclaiming the $3.10 support level.

XRP was trading at around $3.24, down 0.11% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

The sharp selloff came amid high trading volumes exceeding 175 million, a figure that strongly points to institutional activity during oversold conditions. Market analysts suggest that this volume spike reflects confidence among larger players betting on a recovery in XRP prices.

Market-Wide Liquidations and RSI Reset

Across the broader crypto market, XRP wasn’t alone in its decline. CoinGlass data shows over $968 million in total liquidations in the last 24 hours, including $113 million from XRP leveraged positions—$106.8 million of which were longs. This massive liquidation event indicates a flushing out of over-leveraged positions, often a signal of local bottoms in crypto cycles.

The Relative Strength Index (RSI), which previously showed XRP in heavily overbought territory, has now cooled significantly. The weekly RSI fell from 71 to 61, while the daily RSI dropped to a more neutral 56. This technical reset supports the idea of renewed upside potential if bullish momentum returns.

Analysts: “Healthy Pullback” Before Rally Resumes

Despite the steep drop, market experts widely agree that the recent correction was necessary. “This was a healthy pullback,” said analyst XRPunkie, adding that targets between $10 and $15 remain valid in the long run. Others echoed similar sentiment, noting that such drawdowns are typical in crypto cycles and often precede a strong recovery.

XRP pulled back after a big run — it’s a normal correction. $10–$15 is still possible. Source: XRPunkie via X

XRPunkie remarked that the pullback is “a short-term pause before prices head higher,” reaffirming that $10–$15 targets are still achievable. Meanwhile, Bitpanda deputy CEO Lukas Enzersdorfer-Konrad stated that XRP coin remains on track to exceed its 2018 all-time high, citing robust liquidity and investor confidence.

Key Levels to Watch

Traders are now watching whether XRP can break above the $3.15 mark, which would signal bullish confirmation. Sustaining prices above $3.23–$3.25 could open the door for a retest of $3.55 in the short term.

At the same time, institutional interest continues to be observed between the $3.00–$3.10 range, where significant buying has occurred. As the XRP crypto market regains strength, any regulatory headlines or developments in the Ripple vs SEC lawsuit could further influence momentum.

Looking Ahead: XRP Sets Up for Next Move

In the short term, the XRP price prediction remains cautiously optimistic. The rebound from $2.96, the reset in RSI levels, and the influx of institutional volume all point toward a likely continuation of the uptrend—if key resistance zones are broken.

While long-term XRP price prediction 2025 and beyond remains speculative, many analysts agree that Ripple XRP still has room to run. For now, the focus is on whether bulls can reclaim momentum and push the XRP coin price back toward $3.55 and beyond.

As always, traders should watch for further updates on the XRP lawsuit, macro market shifts, and any Ripple SEC news that could swing sentiment in either direction.