If you’ve been following the XRP price lately, there’s something interesting happening on the chart. After a sharp rally earlier this month that took Ripple up to the $3.60 range, the price faced a heavy rejection. That big red candle shows the sudden selling pressure, but since then, something notable has been taking shape.
Right now, XRP is trading at about $3.17 after bouncing from a short-term support around $3.04. Even though the price briefly dipped lower, buyers came back in quickly and kept XRP above that level for the past few days. That means the $3.04 area is acting as a reliable support level for now.
On the chart, you can see how each daily candle since the big drop has stayed around this level. That kind of price action usually signals consolidation, not a breakdown. In other words, Ripple is not crashing. It’s resting.
If Momentum Builds, $3.40 Is the Next Big Hurdle
If buyers can keep this momentum going, the next target to watch is $3.40. That’s the line that marked the top of the recent run before things cooled down. It’s a key resistance level now. If XRP breaks above $3.40 with strong volume, that could open the door for another move higher.
From there, the next logical move would be to challenge the previous high, which is close to $3.60. That’s where the last rally ended. This kind of structure, support holding at $3.04 and resistance clearly forming at $3.40, gives you a clean range to watch. A break in either direction will likely decide the next major move.
Whale Accumulation Is a Strong Bullish Signal
Onchain data is backing up the price action. Large holders have been buying the dip, scooping up over 130 million XRP in the past 24 hours. That kind of buying activity doesn’t usually happen without reason. It suggests that confidence in Ripple’s upside potential remains high among major players.
Whales bought the dip, scooping up over 130 million $XRP in the past 24 hours! pic.twitter.com/JQJVc757UZ
— Ali (@ali_charts) July 25, 2025
When you combine strong accumulation with price stability just above $3.00, you get a setup that could easily shift into another rally. But keep in mind, the bulls will need to keep defending the $3.04 support level. If that fails, the structure breaks, and we could see a deeper pullback.
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For now though, the chart and the data both lean bullish. As long as XRP stays above $3.04 and starts pressing against $3.40, the case for further upside stays intact.
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