XRP price rally could trigger a $260 million short wipeout
Key Takeaways
XRP consolidated above $3.35 after ATH, with combined dealer sentiment. Consultants had been bullish amid ETF optimism and a technical breakout, however the overbought RSI recommended a possible short-term correction earlier than additional features.
After reaching an all-time excessive (ATH), Ripple [XRP] worth is consolidating above the important thing assist stage of $3.35.
In the meantime, merchants are closely betting on the bearish aspect, with almost $260 million price of brief positions opened across the $3.68 stage.
At press time, XRP worth remained sturdy on the $3.50 stage, climbing a modest 0.35% up to now 24 hours.
Throughout this era, dealer and investor participation has elevated, resulting in a 16% rise in recorded buying and selling quantity.
Combined sentiment amongst merchants and buyers
CoinGlass reported that long-term XRP holders had been steadily accumulating tokens, at the same time as short-term merchants guess on a worth drop.
Within the final 48 hours, $56.85 million price of XRP has exited exchanges, a transfer suggesting that buyers are shifting their holdings into safe wallets, presumably signaling long-term confidence regardless of present market indecision.
Supply: CoinGlass
Then again, merchants seem like pushing the value decrease. At press time, the most important liquidation stage on the draw back was at $3.412, the place merchants have constructed $69.51 million price of lengthy positions.
In the meantime, $3.684 was one other key stage on the upside, the place merchants have constructed $258 million price of brief positions.
Supply: CoinGlass
Combining these metrics highlights the combined sentiment amongst buyers and merchants.
Consultants lean bullish on XRP
Regardless of the combined sentiment amongst merchants and buyers, specialists have shared a bullish outlook, suggesting that merchants’ $258 million in brief positions had been liable to liquidation.
On the twenty second of July 2025, a distinguished crypto expert posted on X (previously Twitter) that the percentages of Spot XRP ETF approval had surged to 95%, which seems to be a bullish catalyst for XRP and its holders.
Whereas, one other crypto expert made a daring prediction on X, stating that XRP is focusing on $15. He added that, on the weekly chart, XRP stays bullish because it has damaged out of a bullish flag sample.
Supply: X (Previously Twitter)
XRP worth motion and key technical ranges
This prediction appears unrealistic, because the asset would wish to surge 327% to achieve that focus on.
AMBCrypto technical evaluation means that XRP is in an uptrend and, with consolidation above its breakout stage, is taken into account a optimistic signal.
Supply: TradingView
Primarily based on latest worth motion, if XRP maintained this assist, the subsequent potential goal may very well be $6, as indicated by Fibonacci ranges; in any other case, it might decline to the $3.40 stage.
At press time, the asset’s Relative Power Index (RSI) stood at 83, indicating that it’s in overbought territory. This raises the potential for a short-term correction earlier than any additional rally.
