XRP Price Holds $3 After Breaking Out of Multi-Month Range, What’s Next?
TL;DRXRP Retests $3 After Exiting Sideways ChannelRipple (XRP) is holding above the $3.00 mark after moving out of a sideways trading zone that lasted more than half a year. From December 2024 through July 2025, the price moved between $1.82 and $2.95. The breakout happened mid-July, with XRP reaching as high as $3.65 before easing lower.The $2.95–$3.00 level, which had acted as resistance, is now being tested as support. Chart analyst Jonathan Carter noted,“A successful bounce from the broken resistance zone could push the price toward targets at $3.40, $3.65, $4.00, and $4.60.”This zone is now seen as the line between a failed move and a sustained breakout.#XRPRipple is trading above the parallel channel pattern on the daily timeframeA successful bounce from the broken resistance zone could push the price toward targets at $3.40, $3.65, $4.00, and $4.60 pic.twitter.com/19XRG8MIBT— Jonathan Carter (@JohncyCrypto) July 24, 2025Meanwhile, technical data indicates that XRP is retesting a key level. The price remains above the old range ceiling at $2.95. The RSI, which had previously crossed into overbought territory, has now cooled off, giving the market room to stabilize.Whale Activity and Selloffs Stir VolatilityXRP’s recent rise and pullback came alongside a spike in trading activity. Analyst Steph_iscrypto said,“No liquidity clusters forming on XRP. No resistance = max volatility.”The statement followedreportsof long position liquidations on Binance.On-chain investigator ZachXBT reported that wallets tied to Ripple co-founder Chris Larsen moved 50 million XRP, worth around $175 million, to multiple addresses starting July 17. Roughly $140 million of that amount was sent to exchanges. These transfers created concern about possible token sales during a sensitive market phase.Institutions Add XRP to ReservesWhile short-term moves remain uncertain, some companies are adding XRP to their balance sheets. As CryptoPotatoreported, Nature’s Miracle Holding Inc. (NMHI) said it will allocate up to $20 million into a new XRP treasury program. This marks one of the first public declarations of such use by a U.S.-listed company.In addition, analyst Ali Martinez shared datasuggestingthat large investors accumulated over 280 million XRP in recent days. Analyst Dom noted that this move followed a steep reset in open interest, with around $1.3 billion wiped from the market, nearly 30% of total positions.For now, traders are watching to see whether this support level holds. If it does, a move toward $3.40 and beyond remains on the table.