XRP Price Sees Short-Term Pullback Amid Strong On-Chain Activity and Support Levels

Key Points

1. XRP's price has retraced slightly to $3.44, a 3% dip after a 70% rally in July, but remains above key support levels.

2. Technical indicators like exponential moving averages ($2.80-$3.00) and a bullish RSI suggest resilience and potential for further growth.

3. On-chain data shows robust network utility, with over 1.35 million payments recorded on July 21.

4. XRP faces minimal resistance until the $4.00 level, with potential to target $5.00 if bullish momentum continues.

5. Investor sentiment remains balanced, with sustained volume and EMA support being key factors to watch for future growth.