DeFi Daily News
Thursday, October 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above $3 Support

Shayan Chowdhury by Shayan Chowdhury
July 31, 2025
in Crypto Market
0 0
0
rewrite this title XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above  Support
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

XRP is showing signs of a double bottom pattern, a potential bullish signal, but bearish pressure still remains. According to our analysis, $3 support level is key, as XRP continues to hold above it despite market uncertainty. However, weakening on-chain metrics could put pressure on buyers, potentially causing them to lose momentum and increasing the risk of a selloff.

XRP Records Its Best Month

July has been the strongest month for XRP so far, with the price seeing major gains following several market updates. Data from CoinMarketCap shows that XRP surged over 41% in the past 30 days, holding steady above the important $3 support level.

According to Coinglass, XRP faced a wave of liquidations in the last 24 hours. The total value of these liquidations was more than $17.5 million, with nearly $13 million coming from long positions, as buyers exited following a rejection around the $3.2 mark, leading to a selloff.

XRP Funding Rate
XRP Funding Rate

Open interest for XRP dipped slightly, down 0.16%, now standing at $8.46 billion. Despite this small decline, the funding rate remains positive at 0.0092%, suggesting that traders still lean toward a bullish outlook even though bearish pressure is growing.

Also read: Solana, Sui Could 20x Soon as Analyst Says ‘It’s Altcoin Time Now’

Over the past week, monthly XRP futures have been consistently trading at a 6% to 8% premium, which shows that market sentiment remained stable during the $3 price retest. Even when XRP briefly moved above $3.6, there was no sharp rise in demand for leveraged long positions.

Some of the recent buying demand around XRP also comes from speculation about a U.S.-approved spot ETF. If approved, it could positively impact other altcoins as well, including Litecoin, Solana.

What’s Next for XRP Price?  

XRP is currently facing strong competition between buyers and sellers around the 20-day simple moving average (SMA) at $3.1. As of writing, XRP price trades at $3.08, declining over 1.5% in the last 24 hours.

Looking at the XRP price chart, bears repeatedly failed to establish a foothold below $3, the 38.2% Fibonacci retracement. The price action, when viewed on the hourly chart, suggests a double bottom formation at $3, with the neckline resistance at $3.334 (the July 28 high).

XRP/USDT Chart: TradingViewXRP/USDT Chart: TradingView
XRP/USDT Chart: TradingView

If the price drops below the $3.05 support level, it could fall further to around $2.95. Buyers are likely to defend this level strongly, as a break below it might lead to a deeper decline toward $2.8.

On the other hand, if XRP bounces back from $3, it would show strong buying interest at lower levels. While the 20-day SMA may act as resistance during the recovery, if bulls manage to push through, the XRP/USDT pair could rise to $3.33 and possibly even reach $3.7.

The RSI level has bounced back strongly, currently trading at 46 level. Though it holds below the midline, buyers are confident enough to send the price toward $3.3 retest.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BearishbottomDoubleFormsHoldsPredictionPricerewriteSupportThreattitleXRP
ShareTweetShare
Previous Post

Microsoft market cap tops $4 trillion, Wingstop CEO talks record quarter

Next Post

NEW: Delta flight plummets 1,000-feet, 25 hospitalized after Minneapolis landing

Next Post
NEW: Delta flight plummets 1,000-feet, 25 hospitalized after Minneapolis landing

NEW: Delta flight plummets 1,000-feet, 25 hospitalized after Minneapolis landing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
TopStep Discount Code

TopStep Discount Code

September 17, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

May 1, 2025
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
rewrite this title Wallets, not brokers: How tokenized stocks are putting wall street on a 24/7 clock

rewrite this title Wallets, not brokers: How tokenized stocks are putting wall street on a 24/7 clock

October 2, 2025
rewrite this title Scientist Tells Joe Rogan When and How Technology and AI Will ‘Replace’ Humans

rewrite this title Scientist Tells Joe Rogan When and How Technology and AI Will ‘Replace’ Humans

October 2, 2025
rewrite this title You can demo the Meta Ray-Ban Display glasses – but a lot of slots are already gone

rewrite this title You can demo the Meta Ray-Ban Display glasses – but a lot of slots are already gone

October 1, 2025
rewrite this title What the Government Shutdown Means for Pending Crypto ETFs – Decrypt

rewrite this title What the Government Shutdown Means for Pending Crypto ETFs – Decrypt

October 1, 2025
rewrite this title Arsenal keep winning momentum going with nervous victory over Olympiacos

rewrite this title Arsenal keep winning momentum going with nervous victory over Olympiacos

October 1, 2025
rewrite this title SK Planet to purchase MOCA Coin on open market to adopt Moca Network’s enterprise-scale decentralized identity infrastructure

rewrite this title SK Planet to purchase MOCA Coin on open market to adopt Moca Network’s enterprise-scale decentralized identity infrastructure

October 1, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.