XRP Analysis: Market Outlook on July 10, 2025

XRP analysis on July 10, 2025: Technical trends, institutional activity, and price predictions based on market factors.

XRP, the cryptocurrency tied to Ripple, is in the spotlight on July 10, 2025, as market dynamics shift. The current price of XRP is approximately $2.31, reflecting a 2% gain over the past 24 hours, signaling positive momentum. This price movement aligns with institutional activity, bullish technical patterns, and favorable Ripple-related developments. Technical analysis reveals that XRP is trading within a symmetrical triangle pattern on the daily chart, approaching the apex. The $2.10 level has acted as a key support, preventing further declines. Conversely, the $2.35–$2.45 range is a strong resistance zone. A breakout above this resistance could propel XRP toward $3.00 by late July or early August 2025, especially if daily trading volume exceeds the 20-day average by 25%. The RSI at 58 indicates moderate bullish momentum, not yet in overbought territory. Fundamentally, Ripple’s application for a U.S. banking license and its $1.25 billion acquisition of brokerage firm Hidden Road have boosted investor confidence. These moves signal Ripple’s push to integrate XRP into traditional financial systems. Additionally, speculation about a potential XRP ETF approval in 2025 has driven demand. Data shows that whales have accumulated over 610 million XRP, worth approximately $1.41 billion, reflecting strong long-term confidence. However, challenges persist. Ripple’s control over roughly 42% of XRP’s supply and regular escrow releases could create selling pressure. The long/short ratio on major exchanges like Binance stands at 0.98, suggesting trader caution. Analysts warn that a break below the $2.10 support could trigger a correction to $2.00 or even $1.85. From a macro perspective, Ripple CEO Brad Garlinghouse’s recent U.S. Senate testimony, emphasizing XRP’s role as a bridge currency for global transfers, has drawn regulatory attention. This, alongside RippleNet’s expansion and a 2024 agreement with the Saudi Arabian Central Bank, could drive broader XRP adoption. Investors should remain mindful of market volatility and short-term risks. Combining technical analysis with on-chain data can enhance decision-making.