XRP is trading in the $1.13–$1.15 area, showing a local rebound from early-July lows, while short-term technical indicators point to potential upside to $1.20–$1.22.
Current situation and technical outlook
Price and momentum: At the moment, the coin is consolidating in the $1.12–$1.15 range. After a drop at the beginning of the month, the asset showed a local rise of more than 8%, finding support around the $1.13 zone.
Market sentiment: On the Polymarket prediction platform, bets that XRP will close July above the $1.20 level reach 70%.
Technical analysis: On the chart, a breakout from a short-term descending wedge has been recorded. The local moving averages MA(7) and MA(25) are slightly below the current price, which supports buyers in the short term. However, the broader trend (by MA(99)) is still bearish, and for a full bullish impulse, a confident breakout and consolidation above $1.16–$1.18 are needed, along with rising volumes.$XRP
Current situation and technical outlook
Price and momentum: At the moment, the coin is consolidating in the $1.12–$1.15 range. After a drop at the beginning of the month, the asset showed a local rise of more than 8%, finding support around the $1.13 zone.
Market sentiment: On the Polymarket prediction platform, bets that XRP will close July above the $1.20 level reach 70%.
Technical analysis: On the chart, a breakout from a short-term descending wedge has been recorded. The local moving averages MA(7) and MA(25) are slightly below the current price, which supports buyers in the short term. However, the broader trend (by MA(99)) is still bearish, and for a full bullish impulse, a confident breakout and consolidation above $1.16–$1.18 are needed, along with rising volumes.$XRP