- XRP surged from $2.20 to $3.65 in July, gaining 44% monthly before consolidating around $3.16 with cooling momentum.
- RSI and MACD suggest weakening momentum, though support at $3.00 and $2.81 remains intact amid declining volume.
- Active addresses spiked mid-July, and holders rose above 6.77M, indicating strong user engagement and on-chain growth.
XRP had a sharp price rally through July, rising from around $2.20 to peak at $3.65 before settling at $3.16 on July 31. This is a 2.28% 24-hour gain, a 1.8% rise over the past week, and a monthly increase of 44.09%.
Market cap also climbed to $187.71 billion, a 2.22% increase, with 24-hour volume rising by 13.03% to $6.39 billion. These gains follow a long consolidation phase between April and early July, during which XRP ranged between $2.00 and $2.60.
However, a slight decline from the recent top may indicate a cooling period after the aggressive upward trend.
Moving Averages and RSI Show Mixed Momentum
The short term moving average (50-day), near $3.00, continues to trend upward, showing strong bullish support at that level. Meanwhile, the 200 day average at $2.81 has just begun sloping upwards, confirming a trend reversal from previous bearish conditions.
The RSI has declined from an overbought 68.81 to 59.05, staying above the neutral 50 level. This decline implies that while buying momentum has slowed, XRP still holds a bullish structure. Any RSI rebound above 60 could support renewed momentum if confirmed with increasing volume.
Spike in Active Addresses Aligns With July Price Jump
The number of 24 hour active addresses surged sharply in mid-July, aligning with the fast price growth. This uptick suggests increased transaction activity and user activity. At the same time, XRP’s total holder count has steadily increased, now above 6.77 million.
The total supply is unchanged at 99.98 billion XRP, while circulating supply is at 59.23 billion. These supply side figures remain stable, indicating no major token dilution or distribution events in the near term.
MACD and Volume Signal Possible Pullback Ahead
Technical indicators show a narrowing gap between the MACD line at 0.1558 and the signal line at 0.2087, with the histogram slipping into negative levels at -0.0529. This hints at weakening bullish momentum.
Additionally, while current volume at 44.28 million remains healthy, it is notably lower than the surge seen during the earlier rally in July. Declining volume during a price dip often reflects a pause in activity, not necessarily a trend reversal. Price is currently holding above key support levels of $2.50 and $3.00.
Potential XRP Price Targets
On the upside, if XRP stays above $3.00 and RSI returns above 60, prices may reach $3.30–$3.40. However, a break below $3.00 could drive the price lower toward $2.85 or even $2.75 if selling intensifies.
Final Outlook
XRP’s structure remains intact after a steep July rally. While indicators point to cooling, support above $3.00 continues to hold. Short term momentum now depends on volume recovery and RSI stabilization.
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