Ripple (XRP-USD) Rejected at $2.93 as Traders Eye Next Move

Ripple (XRP-USD) Faces Resistance Despite On-Chain Activity Surge

XRP Stalls Below $2.87 After Rejection at Key Resistance

Ripple (XRP-USD) remains stuck beneath psychological resistance levels despite heightened on-chain activity. The latest price shows $2.87, with a sharp 2.98% intraday drop wiping out earlier momentum. The token failed to sustain a recovery attempt past $2.95, retracing sharply on profit-taking and technical rejection at upper channel resistance.

Although XRP traded as high as $2.95 earlier in the session, selling pressure intensified around the $2.90–$2.93 zone, which coincides with a prior supply block and Fibonacci 38.2% retracement level from the June high. RSI has slipped to 46, and MACD momentum remains subdued, signaling a neutral to slightly bearish bias in the near term.

On-Chain Metrics Signal Accumulation—But Price Fails to React

Santiment data shows a 41% increase in XRP whale transactions above $10 million in the last five days. Daily active addresses jumped by 35%, and network growth improved by 28%, suggesting fresh adoption interest. Despite this, the market has yet to reflect these bullish signals in price action.

The disconnect between growing on-chain demand and stagnant price structure suggests a cautious sentiment among investors amid unresolved legal risks and macro uncertainty. Liquidity remains fragmented across exchanges, with a drop in spot market depth around the $2.85 zone, making it vulnerable to large swings.

Ripple Legal Risks and Macro Tensions Keep Bulls at Bay

The XRP price action remains capped in part by the ongoing SEC appeal process. Although Ripple Labs scored an initial victory, the potential reversal of institutional sales classifications adds headline risk. Traders are also responding to rising global trade tensions, with U.S. tariff escalation under Trump’s new policy proposals dampening crypto appetite.

Furthermore, XRP’s limited exposure to ETF inflows, unlike Bitcoin and Ethereum, continues to act as a bottleneck on speculative interest from U.S. institutions. Until legal and structural headwinds clear, on-chain strength alone may not be enough to drive a sustained breakout.

Technical Compression Signals Imminent Breakout Potential

Bollinger Band width has narrowed to its lowest level in 45 days, a setup historically associated with breakout volatility. The 4-hour chart shows clear compression between $2.82 support and $2.93 resistance, a range that’s held since July 12.

If bulls push price above $2.93, XRP may accelerate toward the $3.15–$3.28 target zone, with intermediate resistance at $3.02. Conversely, a breakdown below $2.82 would expose the $2.75 and $2.64 levels. The 50-day EMA currently sits at $2.89, acting as the immediate battleground.

XRP Derivatives Market Remains Flat Despite Long Bias

Open interest in XRP futures has ticked higher by 6.3% in the past 48 hours, with long positions outpacing shorts on Binance and Bitget. Yet funding rates remain neutral, showing lack of aggressive conviction. Volume-weighted average price (VWAP) clusters around $2.87, aligning with the current spot level, suggesting market indecision.

The lack of divergence between derivatives pricing and spot action reinforces the wait-and-see approach from leveraged players. Any breakout from the current range will likely be accompanied by a spike in funding rates and directional OI expansion.

Verdict: XRP Faces Inflection Point at $2.93—Neutral Bias Until Break Confirmed

XRP’s failure to capitalize on bullish whale activity and on-chain growth points to broader hesitation. The $2.93 level remains the trigger zone for directional bias. A breakout above this resistance would turn the structure bullish and open the way toward $3.28 and $3.60.

As of now, XRP-USD is in a neutral holding pattern, coiled for volatility but directionally unconfirmed. Until a decisive move above $2.93 or below $2.82 occurs, traders should remain tactical. Long-term accumulation may find value below $2.80, but short-term plays depend on breakout confirmation.

Volatility is compressing and momentum is building—the next move will define XRP’s path for the rest of July and beyond.

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