XRP Price Near Support Zone: Will the Ripple Coin Bullish Again?

Ripple (XRP) has started to draw attention. The Ripple coin is now hovering near a significant support zone, raising an important question for traders and investors alike: will the XRP price bounce back and regain its bullish momentum? 

While short-term volatility continues, broader fundamentals suggest that XRP/USDT may be preparing for a recovery phase, supported by both technical signals and Ripple's increasing corporate relevance.

Ripple’s Strong Market Standing Fuels Optimism

According to data from CB Insights, Ripple is currently valued at over $15 billion, ranking as one of the top 25 most valuable private companies globally. It sits among other tech giants, with SpaceX leading the list at a $350 billion valuation.

This recognition places Ripple in a strong position among the world’s 1,200-plus unicorn startups, defined as private companies with valuations exceeding $1 billion. Ripple shares the spotlight with major blockchain names such as OpenSea, Bitmain, and KuCoin Exchange. 

Notable venture capital firms like IDG Capital, Venture51, and Lightspeed Venture Partners have backed Ripple, highlighting continued investor confidence in the company’s long-term vision.

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Such valuation metrics are not just symbolic, they suggest institutional trust and staying power, factors that could reflect positively on XRP’s market behavior.

XRP/USDT Price Action Shows Signs of Recovery

From a technical perspective, XRP price is showing potential signs of a rebound. After a sharp downturn over the weekend, the XRP/USDT pair has recovered a significant portion of its losses. 

The $2.7346 level has held firm as support, serving as a possible entry point for traders anticipating a bullish move.

According to the Relative Strength Index (RSI), momentum appears to be building. The indicator shows a pattern of higher lows, hinting at a gradual increase in buyer strength. Historical trends suggest that similar RSI behavior has preceded price rebounds in the past.

Additionally, horizontal volume profiles on the chart indicate growing interest around the $2.9750 area. If buying pressure increases around this level, it may act as a catalyst for further upward movement.

Read Also: Expert Predicts XRP Will Hit $1000 Sooner Than Expected

Key Resistance and Support Levels to Watch

For XRP price to confirm a new bullish wave, it would need to break above $3.1454. A close above this level could open the path toward the next resistance range between $3.4823 and $3.6570. 

This supply zone has historically acted as a ceiling for XRP and remains one of the final barriers before a potential move toward the previous all-time high of $3.6607.

A daily close above the mean price of $3.5527 within this range could strengthen the case for a continued uptrend. However, current price action shows signs of hesitation, partly due to moderate selling pressure as reflected in recent volume data.

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If the support at $2.7346 fails, XRP may revisit lower levels within the fair value gap (FVG) between $2.5678 and $2.6629. In this scenario, a close below $2.6168, the consequential encroachment (CE) level, may deepen the pullback.

Still, there is significant bullish volume beneath this FVG, which suggests that XRP price could stabilize and reverse from those lower zones if tested.

On-Chain Metrics Raise Short-Term Concerns

While technical indicators are leaning cautiously bullish, some on-chain signals suggest investors should remain alert. A recent post by crypto analyst Ali on X (formerly Twitter) noted that the MVRV (Market Value to Realized Value) ratio for XRP has flashed a "death cross." This pattern typically signals potential for deeper corrections.

Despite this, volume data and Ripple’s strong corporate valuation offer some balance to the bearish sentiment. If XRP can maintain its current support and re-enter the higher trading range, the outlook for the Ripple coin could shift decisively in favor of bulls.

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FAQ

Does XRP have a future?

Based on a prediction of a 5% yearly growth rate, the price of XRP could be around $4.80 in 2026, $5.83 in 2030, and $9.50 by 2040.

Can XRP reach $1000?

It is highly unlikely for XRP to reach a price of $1,000 due to its large supply of 57.1 billion tokens.

Will XRP hit $20?

One analyst suggests that XRP could reach the $20 mark as soon as late August to early September. However, if momentum slows, this could be delayed until the end of 2025 or early 2026.

Is XRP a good investment?

One expert believes that, at its current price, XRP has limited upside potential and is a speculative opportunity compared to other options in the payments market.