XRP price prediction: Bullish structure holds above $3.14 as rally pauses
XRP is entering a consolidation phase near $3.14 after rallying sharply through July. The asset continues to trade above a key breakout level at $3.08, which had previously capped price action since early 2024. This breakout from a descending triangle was confirmed by rising volume and a bullish stack of the 20, 50, and 100 EMAs.
Highlights
- XRP price is consolidating near $3.14 after a breakout from a multi-month descending triangle
- Futures open interest hits $8.40 billion with long/short ratio on Binance favoring bulls at 3.22
- Key support lies at $3.07–$3.08, while breakout above $3.36 could trigger fresh 2025 highs
Price is now comfortably above all major moving averages, and the $3.07–$3.08 zone has flipped into short-term support. Despite a modest pullback from the $3.36 resistance, XRP has preserved its broader uptrend. The daily structure shows a healthy correction, with the asset resting just above the prior breakout zone.
XRP price dynamics (Source: TradingView)
A sustained move above $3.36 would open the door to test the $3.60 psychological barrier, while failure to hold above $3.08 may bring a retest of the $2.77 support cluster.
Derivatives data point to continued strength despite liquidation flush
Supporting the technical picture, derivatives and on-chain metrics suggest continued interest in XRP. Futures open interest has climbed to $8.40 billion as of July 31, indicating increased capital inflows. In the past 24 hours, $14.80 million in long liquidations were recorded against only $4.38 million in shorts, implying the recent correction served as a washout of overleveraged bullish bets.
Volume has also risen by 13.12% to $10.96 billion, while funding rates remain largely neutral. Notably, Binance’s top trader long/short ratio stands at 3.22, underscoring bullish sentiment among high-volume participants. These metrics suggest strong backing for a potential continuation, should the price breach $3.36 with conviction.
In our previous coverage, XRP was coiling inside a triangle near $3.14, with buyers defending $3.00. That structure has now broken upward, confirming the pattern and validating the $3.07–$3.08 zone as critical support. Current price action reinforces our earlier outlook for an advance toward $3.36 and beyond.
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