XRP strongly holds above the key level of $3! The daily chart shows a bull run flag consolidation | XRP price prediction and technical outlook analysis

Ripple (XRP) has performed strongly this month, currently holding above the psychological and technical key support level of $3 after a significant pump. Despite some profit-taking, XRP remains one of the best-performing large market capitalization crypto assets in July. Technical charts indicate that XRP is clearly in a rise trend on the daily chart, having surged to $3.82 after successfully breaking through the $2.95-$3.00 resistance area. It is currently experiencing a healthy pullback, receiving support above $3, and forming a potential bullish flag pattern, indicating a possible new upward movement. Key indicators such as RSI (62.8) and MACD (0.213) both support a bullish outlook but are not overbought. This article provides the latest chart analysis for XRP, interpretation of key indicators, today's price forecast (ranging from $3.12 to $3.38), and long/short scenario analysis, offering real-time operational references for XRP traders and holders.

1. Stabilizing at the key level of $3, XRP leads the market performance in July Ripple (XRP) has recently seen a strong rise, and after a robust rebound this month, the price is currently trading steadily above the $3.00 mark. This level is not only a psychological integer barrier but also a key line in the sand that traders and long-term holders (HODLers) are closely watching. Despite some short-term profit-taking, XRP continues to maintain a strong position, remaining at the top of the large-cap crypto assets gainers list for July.

2. Technical Chart Analysis: The uptrend is intact, and a bull flag is brewing Observe the XRP/USD daily chart, its rise trend structure is still clearly visible:

1. Key Breakthrough: At the beginning of this month, the price strongly broke through the strong resistance area of $2.95-3.00.
2. Pullback after a surge: After breaking through, the price quickly rose to a high of 3.82 USD, and then faced pressure from profit-taking.
3. Healthy pullback finds support: The pullback process is healthy and orderly, stabilizing above $3.00 (currently forming support). This area highly overlaps with the previous high point at the beginning of July and an important psychological level.
4. Potential Continuation Pattern: The price is currently consolidating below the recent high, presenting a classic bullish flag pattern — this often indicates that after accumulation, a new round of rise may commence.
5. Strong Support from Moving Averages: The 200-day Moving Average (200-day MA) is currently at $2.44, which is significantly lower than the current price, providing solid support for the mid-term bullish structure.

3. Technical Indicator Interpretation: Momentum Remains, Not Yet Overheated The key daily chart indicators show that the current market conditions are favorable for bulls:

• Relative Strength Index (RSI): 62.8 — still in the bullish territory, and far from entering the overbought zone (>70), leaving room for further upward movement.
• Moving Average Convergence Divergence (MACD): 0.213 — The histogram shows slight signs of flattening, but the fast and slow lines remain above the zero axis, and momentum remains bullish.
• Ultimate Oscillator: 55.02 — Shows a Neutral to Slightly Bullish outlook, with no significant top divergence signals observed.
• Rate of Change Indicator (ROC): 12.83 — still showing strong positive momentum.
• Bull/Bear Power Indicator: 0.0907 — Slightly bullish bias, but the strength is diminishing. Summary: Various indicators overall support bullishness, but have not yet reached euphoric levels, indicating that this current rise has not yet been overextended, leaving room for upward potential.

IV. Today's XRP Price Prediction and Key Scenario Analysis Based on the current technical structure, XRP is expected to consolidate in the range of $3.10 - $3.40 in the short term.

• Expected range for today: $3.12 - $3.38
• Short-term bias: As long as the $3.00 key support level is not broken, the overall slightly bullish.
• Attention Signal: Watch if the price can break through the upper range of the consolidation area $3.30 with volume (With Volume) to confirm the start of a new upward trend.

Bullish Scenario:

1. If successfully reclaiming the $3.30 - $3.35 area, then the next target looks towards $3.65, further challenging the previous high $3.82.
2. A valid breakout above $3.82 will open the door to the $4.10 - $4.30 region.

Bearish Scenario:

1. If the daily chart closes effectively breaks below $3.00 support level, then the short-term market sentiment will turn bearish.
2. The next support level is in the $2.80 - $2.90 range, with stronger support at $2.44 (200-day moving average).

Conclusion: Key support determines direction, breakthrough imminent, need to keep a close watch XRP has successfully held the $3.00 pivotal point, and combined with its formation of a bull flag consolidation structure, it technically lays the foundation for continued upward momentum. As long as the $3.00 support holds, the bulls still control the situation, especially in the context of overall market sentiment improving and Ripple continuously expanding in the cross-border payment sector, XRP, as the leading project in this field, remains attractive. Traders need to closely monitor the stability of the $3.00 support and the volume breakout signals in the $3.30-$3.35 area, as this will determine whether there will be an upward assault on previous highs or a downward test of deeper support. Under the potential catalysts such as SEC lawsuit progress, XRP's volatility may increase, and investors should prepare for risk management.