XRP Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of XRP on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, XRP is trading at approximately $2.43, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $3.41 in January 2025, XRP entered a consolidation phase, fluctuating between $2.110 and $2.35. This price action suggests accumulation for the next major move. Daily and weekly charts show bullish patterns, such as a double bottom, indicating buyer support. However, resistance at $2.35 (200-day moving average) has capped further upside. Resistance and Support Zones The key resistance zone is around $2.35, which has rejected the price multiple times. A high-volume breakout above this level could target $3.20, aligning with previous highs. On the support side, $2.110 has acted as a strong demand zone, with $1.731 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 41.73, indicating a neutral state. This suggests the market is balanced, with room for upward or downward movement. The MACD shows declining bullish momentum but has not yet turned negative. Recent declining trading volume indicates trader caution. The 200-day moving average at around $2.35 acts as a key dynamic resistance. Price Pattern Analysis XRP’s weekly chart shows a double bottom pattern, which could signal a bullish reversal. A bullish flag pattern is also visible on the daily timeframe, suggesting a potential new bullish wave if the $2.35 resistance breaks. From an Elliott Wave perspective, XRP may be in the fourth corrective wave, preparing for a fifth bullish wave. Risks and Scenarios Bullish Scenario: A high-volume break above $2.35 could push XRP toward $3.20 and potentially $5.20 by the end of summer 2025. Bearish Scenario: A break below $2.110 could lead to a drop to $1.731 or even $1.49, signaling a deeper correction. Conclusion XRP is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $2.35 and $2.110 levels. Breaking the $2.35 resistance could spark a new bullish wave, while holding the $2.110 support is crucial for the bullish outlook.