Key takeaways
XRP is up 1% in the last 24 hours, maintaining its value above $3.
The coin could rally towards $3.3 soon as market conditions turn bullish.
XRP maintains price above $3
The cryptocurrency market has been volatile over the past 24 hours, with mixed performances recorded for most cryptocurrencies. XRP, Ripple’s native coin, has maintained its price above the $3 mark after adding 1% to its value in the last 24 hours.
This latest development comes as investors look forward to next week’s legal update regarding the Ripple and SEC case. Legal expert Bill Morgan revealed that the regulator is expected to update the appellate court by August 15, 2025. However, the SEC is not required to take formal action.
The update from the SEC could involve a withdrawal, a request for more time, or another procedural move. Traders are looking forward to this update and could determine XRP’s performance in the near term.
Analysts remain confident that XRP’s price could rally towards the $5-$6 region in the coming weeks and months amid growing institutional and retail adoption.
XRP could top $3.3 soon
The XRP/USD 4-hour chart remains bearish as XRP has failed to take out its recent high of $3.66. However, the technical indicators are switching bullish, suggesting that the coin could rally higher soon.
The RSI of 56 shows a growing bullish sentiment, while the MACD lines have crossed into the positive zone. XRP has established strong support at $2.99, and this could serve as the springboard to push its price higher.
If the bullish trend continues, XRP could surge towards the first major resistance at $3.3, which is also a TLQ level. An extended bullish run would allow XRP to fill the 4H FVG at $3.4 and target the recent high of $3.66.
However, if the market faces a correction, XRP could retest the $2.99 support zone once again. Failure to hold this support level would allow XRP to $2.67 for the first time in three weeks.
The post XRP steadies above $3, targets $3.3; Check forecast appeared first on CoinJournal.