Ripple (XRP) price prediction: The upward trend has not fully opened, a strong breakout above $3 is needed to end the short-term consolidation period.

Ripple (XRP) has retraced following the footsteps of Bitcoin, currently reported at 2.8618 USD during the Asian afternoon session on the 15th. The price of XRP is near the psychological barrier of 3 USD, which has now become a key short-term resistance level. Analysis indicates that the upward trend of XRP has not yet fully commenced, and it must firmly break through the 3 USD mark to conclude the short-term consolidation period.

As XRP remains well above its 200-day moving average and holds above recent breakout levels, today’s trend appears to be a typical consolidation after an overheated pump.

XRP Price Analysis

According to Captain Altcoin, the 4-hour chart shows that XRP began to accelerate around July 9, exhibiting a steep upward trend, breaking through $2.50 and accelerating past $2.80, eventually testing $3.06. This rebound occurred after a strong breakout of key structural levels and was supported by trading volume.

Currently, the price is consolidating below the resistance level and has not broken the uptrend. The 200-day moving average (2.37 USD) is still well below the price, and the structure of higher highs and higher lows remains intact. As long as XRP stays above 2.61-2.75 USD, the overall trend is still bullish.

Nevertheless, failing to break through the $3.00 resistance level may open up more short-term consolidation. The market is showing signs of cooling down, with the MACD starting to flatten and the RSI declining, but no divergence has yet appeared.

(Source: Trading View)

XRP Short-term Price Prediction

The current price is testing slightly below the support level of $2.90. Based on broader market sentiment and buyer reactions in key areas, there could be two possible price trends for the day.

Neutral scenario: XRP is trading between $2.75 and $2.90 during the consolidation phase before the next move.

Bullish situation: Buyers intervene above 2.85 USD, reclaim 2.95 USD, and push again towards the 3.00 USD resistance level;

Bearish Scenario: If Bitcoin experiences a significant pullback, failing to hold above $2.75 may lead to a deeper retracement to $2.61, or even a retest of the breakout base at $2.35.

Summary

XRP is still in a bullish structure, but the drop of $3.00 has paused its momentum. The market is digesting the pump, and indicators such as RSI and MACD suggest that the market will experience a period of consolidation or slight pullback.