Ripple (XRP) price prediction: Indicators have issued warning signals, and a "pullback" may occur in the short term.

The price of Ripple (XRP) has remained stable after a strong pump at the beginning of July, but signs of a potential cooldown are starting to appear in the short term. Currently, the price hovers around $2.92, slightly below the key level of $3.00 that traders are closely following. Long positions still maintain momentum, but some indicators have issued warning signals, which may suggest a pause before any further increases.

The XRP price once surged but stalled slightly above $3.00 and then pulled back slightly. We also noted that if $2.75 fails to hold, we could drop to the $2.60 area, or even fall to $2.35 in a stronger retracement. XRP has so far remained above $2.85, which still maintains a bullish momentum.

XRP price is still well above the 9-day moving average and is currently stabilizing upward. Its upward momentum remains strong, but recent gains indicate that the market is about to cool down.

XRP Price Analysis

According to Captain Altcoin, the daily chart shows that XRP is exhibiting a clear upward trend. The price has been climbing along the trend line since April, and the recent candlestick chart also confirms that buyers remain in control. The support level appears solid between $2.60 and $2.65, just near the 9-day SMA and recent intraday base.

If the XRP price holds this area, we may see it pump again. But if it breaks below, the next level worth following will be $2.35.

From an upward perspective, $3.00 is the immediate resistance level. If the long positions break through, the next range to test is between $3.20 and $3.25, which is the high since March.

Most indicators point to sustained momentum, but the RSI being overbought tells us that a short-term pullback may occur.

(Source: Trading View)

XRP Price Prediction

Bullish Scenario:

If the closing price of XRP exceeds $3.00, momentum may push it up to $3.20. Breaking through $2.85 is key to continuing this trend.

Neutral scenario:

We may see the XRP price consolidate between 2.75 and 2.95 dollars, waiting for the next catalyst.

Bearish scenario:

If the price falls below $2.60, it may retrace to $2.35, especially if Bitcoin also starts to drop.

Summary

The overall price of XRP remains strong, but after such a significant pump, there may be a consolidation in the short term. As long as the price stays above $2.85, long positions will dominate.

Now everyone's attention is focused on the $3 mark. Once it breaks through, we may see the stock price rise again. If it breaks through, the next step may be a market cooldown.