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Key Takeaways:
- XRP price is consolidating above $3.35 despite $258M in short positions.
- Long-term holders are accumulating, with $56.85M in outflows from exchanges.
- Experts predict bullish continuation, with $6 to $15 targets in view if support holds.
Ripple’s XRP has entered a phase of consolidation after recently reaching an all-time high (ATH), with its price holding steady above the $3.35 support level. While some traders are betting heavily against the token, experts point to bullish indicators, suggesting potential for further upside.
$258M in Short Positions Signal Bearish Bets
At the $3.684 level, traders have opened a staggering $258 million in short positions, according to CoinGlass data. Meanwhile, long positions totaling $69.51 million are concentrated around the $3.412 level. This highlights the market’s divided stance, with bears attempting to push the price down, even as XRP shows resilience around $3.50.
Over the past 24 hours, XRP has gained a modest 0.35%, trading at $3.50. Simultaneously, trading volume has spiked by 16%, indicating renewed participation from both traders and investors.
Long-Term Investors Accumulate Despite Short-Term Uncertainty
Despite bearish bets, long-term XRP holders appear unfazed. Over $56.85 million worth of XRP has exited exchanges in the past 48 hours, signaling growing accumulation and a shift toward cold storage. This movement typically reflects long-term confidence in the asset, even amid market turbulence.
CoinGlass data supports this, showing consistent inflows into non-custodial wallets, likely from investors anticipating future gains.
Experts Predict Bullish Breakout, Eye $6 to $15 Targets
Despite the current consolidation and overbought RSI (83), analysts remain optimistic. A crypto expert on X (formerly Twitter) claimed XRP has a 95% chance of Spot ETF approval—a potentially massive catalyst. Another expert boldly predicted a surge to $15, citing a breakout from a bullish flag pattern on the weekly chart.
$XRP has broken out of a bullish flag, setting its sights on $15! Zoom out on the weekly chart and you'll spot it. pic.twitter.com/DXVp6G18os
— Ali (@ali_charts) July 22, 2025
However, AMBCrypto’s technical analysis suggests a more measured outlook. With XRP consolidating above its breakout level, Fibonacci projections place the next key target at $6. A breakdown below $3.40 could delay the bullish momentum.
Also Read: Could XRP Hit $51? ChatGPT Explores Amazon Integration Scenarios
The Relative Strength Index (RSI) currently stands at 83, well above the neutral zone, indicating that XRP is in overbought territory. This raises the risk of a short-term correction before any potential move toward higher levels.
While technicals point to possible resistance ahead, the broader sentiment remains cautiously optimistic, especially with increasing support from long-term holders and the ETF narrative gaining traction.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
