XRP (XRP) Price Prediction for July 8

The XRP price today is consolidating just above $2.26 after rejecting near the $2.40 liquidity zone. Price action remains confined within a large symmetrical triangle structure on the daily chart, with both trendlines nearing convergence. As volatility tightens, derivatives volume has surged 165%, and funding has flipped positive, suggesting anticipation of a decisive breakout move.

What’s Happening With XRP’s Price?

XRP has been forming a symmetrical triangle since its peak at $3.32 in March. The upper descending trendline continues to suppress price action beneath the $2.40–$2.50 resistance region. Meanwhile, the lower trendline rising from January lows is offering strong dynamic support above $2.05.

The current consolidation is occurring just under a high-volume node visible on the volume profile chart, with price repeatedly tapping into the $2.18–$2.26 range, where previous CHoCH (Change of Character) signals have printed. A daily close above $2.40 could break this prolonged compression, possibly targeting $2.75–$3.00. Conversely, failure to hold above $2.18 could revisit the $2.05–$1.95 support base.

Why Is the XRP Price Going Down or Up Today?

To understand why XRP price going down today, we need to examine weakening short-term momentum. On the 30-min chart, RSI has slipped from overbought highs and now reads 51.5, reflecting balance between bulls and bears. The MACD also shows a waning bullish crossover, with histogram bars shrinking near the zero line.

In the short-term timeframe, VWAP has flipped to minor resistance at $2.27, while Parabolic SAR dots have turned bearish above price. These indicators hint at exhaustion just beneath the supply wall at $2.40.

However, on-chain and derivatives data provide a more optimistic backdrop. The funding rate is now at +0.0092%, and open interest has climbed over 5%, indicating that longs are becoming more aggressive in positioning ahead of a potential breakout. The Binance XRP/USDT long/short ratio shows a 2.18 bias toward long exposure, and the 24H long/short activity has nearly balanced out at 0.994.

XRP Price Bullish Confluence Building Above Key EMA Levels

From a momentum and trend alignment perspective, XRP is flashing early bullish signs. The 4H EMA ribbon is now bullishly aligned with the 20, 50, 100, and 200 EMAs stacked between $2.20 and $2.24, offering layered support beneath the current price.

Bollinger Bands on the 4H chart have started to widen, with price moving along the upper band — a classic setup for breakout continuation if momentum sustains. 

The daily Bull Market Support Band, currently between $2.19 and $2.26, is holding price from below.

In addition, XRP recently posted a Break of Structure (BOS) at $2.26, following a small CHoCH and liquidity sweep around $2.18. These signals often precede a directional push, particularly within compressed triangle structures.

XRP Price Prediction: Short-Term Outlook (24h)

With multiple indicators aligning bullishly and on-chain sentiment turning constructive, XRP is poised for a breakout attempt. However, the $2.40 resistance remains key — rejection here could send price back to retest the lower triangle boundary near $2.10.

In the next 24 hours, XRP is likely to range between $2.22 and $2.40. A confirmed breakout above the triangle could open targets toward $2.75 and potentially $3.00. On the flip side, a breakdown below $2.18 would risk a slide toward the $2.05–$1.95 support zone.

XRP Price Forecast Table: July 8, 2025