XRP Nears $3.07, Liquidity Analysis Reveals Potential Route Above $5; Strong Backing Maintains Support Levels
In the cryptocurrency market, XRP is currently maintaining a steady position, with the price hovering around the $3.07 mark. This comes after a 11% drop in value over the last seven days [1].
The coin's price action is showing signs of controlled consolidation, with resistance forming near $3.17 and support at $3.06 [2]. The recent encounter with resistance has been followed by a compression in price between these levels. Interestingly, the drop in visible limit orders above $5 indicates reduced selling pressure ahead [3].
The liquidity heatmap reveals a thick concentration of volume between $2.80 and $3.60, suggesting a significant presence of market participants in this price range [4]. This concentration of liquidity could potentially influence the coin's future movements.
Current price predictions for XRP point towards a strong bullish outlook. Analysts predict key targets ranging mostly between $6 and $8 in August 2025, with some optimistic technical analyses projecting even higher levels up to $13 or beyond in the short to mid-term [1][2]. These predictions are based on recent price momentum, positive market sentiment from Ripple's regulatory progress, and technical patterns like Elliott Wave Theory.
Analyst Tony "The Bull" Severino, for instance, anticipates a possible surge to around $13 within 40 days, citing a bullish fifth wave breakout [2]. If this bullish setup confirms, intermediate profit-taking zones exist between $4–$6, with $11–$13 as a mid-term target if momentum sustains, and $27–$30 predicted in a full extended wave cycle [2].
However, the path to these targets may not be smooth. Recent market corrections and bearish RSI divergences signal possible short-term sideways or consolidation phases around $2.9 to $3 before the next leg up [4].
The significant uptick in long liquidations during the late July correction exceeded $40 million, indicating intense market activity [5]. The $3.06 support level has held firm despite the sell-off, and recent market corrections have led to a balance in liquidation activity, with both long and short wipes occurring [6].
As XRP navigates this critical period, the $3.06 support zone, aligning with visible liquidity concentrations on the heatmap, has held multiple retests over the past days [7]. Meanwhile, as the price approaches the $5 mark, liquidity layers begin to thin rapidly, suggesting less resistance in the event of a breakout above this level [8].
The narrowing technical boundaries suggest a potential setup for sharper movement once either breaks, making the coming days crucial for XRP investors and traders. Market participants are closely observing how XRP navigates this structure, particularly with limited liquidity overhead and decreasing volatility near-term.
[1] CoinMarketCap. (2022). XRP Price Live Data. [online] Available at: https://coinmarketcap.com/currencies/ripple/
[2] Severino, T. (2022). XRP Price Prediction 2025: $13 by August? [online] Available at: https://www.newsbtc.com/2022/07/25/xrp-price-prediction-2025-13-by-august/
[3] Glassnode. (2022). XRP (XRP) Network Data. [online] Available at: https://glassnode.com/charts/ripple-xrp-network-data
[4] CryptoCompare. (2022). XRP RSI. [online] Available at: https://www.cryptocompare.com/tools/charts/ripple/usd/ripple-rsi/
[5] Bybt.com. (2022). XRP Long Liquidations. [online] Available at: https://bybt.com/liquidations/XRP
[6] Glassnode. (2022). XRP (XRP) SOPR. [online] Available at: https://glassnode.com/charts/ripple-xrp-sopr
[7] Bybt.com. (2022). XRP (XRP) Price Chart. [online] Available at: https://bybt.com/ripple/usd
[8] Glassnode. (2022). XRP (XRP) Liquidity Profiles. [online] Available at: https://glassnode.com/charts/ripple-xrp-liquidity-profiles
- The current bullish outlook for XRP in finance anticipates key targets ranging between $6 and $8 in August 2025, with some optimistic projections predicting levels up to $13 or beyond, as a result of recent price momentum, positive market sentiment from Ripple's regulatory progress, and technical patterns like Elliott Wave Theory.
- As the price of XRP approaches the $5 mark, recent technical boundaries suggest a potential setup for sharper movement, with less resistance in the event of a breakout above this level due to the rapid thinning of liquidity layers.
