XRP Technical Analysis: Market Outlook on July 7, 2025

Technical analysis of XRP on July 7, 2025, exploring support/resistance zones, indicators, and trends.

As of July 7, 2025, XRP is trading around $2.12, with a 1.8% decline in the past 24 hours. The market is currently in a corrective phase, with traders looking for clues about the next price direction. This technical analysis explores key support and resistance zones, common indicators, and the overall market trend. Support and Resistance Zones The key support zone for XRP lies between $2.04 and $2.10. This range has previously acted as a strong demand zone and has recently prevented further price declines. On the other hand, the main resistance is observed between $2.35 and $2.45, aligning with recent highs from January 2025. A breakout above this resistance could drive XRP toward higher targets like $2.65 or even $3.0. Indicator Analysis The Relative Strength Index (RSI) on the daily timeframe is between 38 and 44, indicating bearish momentum. On the 4-hour chart, RSI is at 41, suggesting weak buyer strength but not yet in oversold territory (below 30). The Williams %R indicator, at -78, is nearing oversold levels, which could hint at a potential price reversal. Moving averages (EMA/SMA) show a short-term bearish trend. The 50-day moving average is below the 200-day moving average, reflecting selling pressure in shorter timeframes. However, the price has recently found support near the 200-day moving average, which could act as a key level. Price Pattern Analysis XRP is currently moving within a descending channel, recently rejected from the channel’s upper bound around $2.35. Some analysts have noted a potential symmetrical triangle pattern on the daily chart, which could lead to either a bullish or bearish breakout. If the price breaks downward, the next support levels are at $1.80 and then $1.49. Potential Scenarios Bullish Scenario: If XRP consolidates above $2.45 with increased trading volume (over 25% above the 20-day average), it could target $2.65 or $3.0. Bearish Scenario: A break below $2.04 could see sellers take control, pushing the price toward $1.80 or $1.49. Conclusion Based on current data, XRP is in a short-term corrective phase, with key support levels at $2.04 to $2.10 preventing further declines. Fundamental factors, such as ETF rumors and whale activity, could bolster an upward trend. Traders should closely monitor key support and resistance zones and await confirmation from indicators and price patterns.