XRP has experienced a 3% price retracement to $3.44 following a significant 70% rally earlier in July, though it maintains position above critical support thresholds.
Technical indicators signal resilience, with exponential moving averages holding between $2.80-$3.00 and a bullish Relative Strength Index (RSI) suggesting potential for further appreciation.
On-chain data reveals robust network utility, including over 1.35 million payments processed on July 21, underscoring sustained transactional activity.
The token faces minimal resistance until the $4.00 price level, with analysts identifying $5.00 as a viable target should bullish momentum persist.
Market sentiment remains balanced, with traders monitoring trading volume consistency and EMA support integrity as key determinants for sustained growth trajectory.