- XRP hit $3.57 in July, gaining 66.6% monthly, but RSI at 80.01 signals overbought conditions and potential pullback.
- Trading volume rose by 13.92% to $10.42B, while active addresses surged to 545K, supporting XRP’s bullish momentum.
- A golden cross near $2.20 and price above 50 and 200 day MAs support the bullish outlook, with key support at $3.20.
XRP had a sharp rally in July 2025, rising from under $2.50 in late June to a peak of $3.57. At the time of writing on July 22, XRP was trading at $3.47, a slight 1.24% dip over the past 24 hours.
However, the asset is up by 21.03% over the past week and 66.6% over the last month. Its current market cap is at $205.61 billion, a 1.4% daily decrease. The 24-hour trading volume increased by 13.92% to reach $10.42 billion, indicating growing market engagement amid the price surge.
Momentum Indicators Suggest Caution Despite Bullish Outlook
Despite XRP breaking above major resistance levels, indicators show a possible short term cooldown. The 14 day RSI is at 80.01, placing the asset well above the overbought level of 70. This suggests the market may see a pullback before attempting further highs.
Meanwhile, the MACD line at 0.3326 is above the signal line at 0.2599, indicating bullish momentum. However, the narrowing gap between the two and the declining histogram, currently at 0.0728, implies reduced strength in the uptrend.
Trading volumes spiked significantly during the rally, with 97.86 million XRP traded in the past day. This increase confirms strong activity but also raises concerns about a potential buying climax.
The price is well above the 50 day moving average at $3.26 and the 200 day moving average at $2.52. These moving averages support the bullish outlook for now.
Network Activity Strengthens Support for Price Rally
On-chain metrics point to high network activity supporting the recent price breakout. Active wallet addresses surged past 545,000 in the past 24 hours, up from previous highs above 600,000.
This increase suggests intensified user engagement, aligning with both institutional and retail inflows. Notably, a golden cross was observed in early July near $2.20, with the 50 day moving average crossing above the 200 day moving average.
Total XRP supply is unchanged at approximately 100 billion tokens. With a circulating supply of 59.18 billion, the absence of supply dilution supports scarcity driven price action. Volume-to-market cap ratio is at 5.19%, suggesting sustained interest relative to market size.
Support and Resistance Levels Define XRP’s Trading Range
Key resistance is at the $3.57 peak, with the psychological barrier at $4.00 above it. If breached, the next potential range stretches toward $4.20 and $4.50. On the downside, XRP holds support at $3.20, followed by $2.85 and a more critical level at $2.50.
XRP Outlook for August 2025
XRP nears August with bullish technicals and rising network demand. However, indicators like RSI and MACD point to possible short-term weakness. Price direction depends on volume consistency, active address growth, and support above $3.26. The asset may continue consolidating before defining its next directional move.
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