After Slipping 10%, XRP Climbs Back Toward $3, Suggesting a Possible Bottom

XRP Recovers After Sharp Selloff, Reclaims $3.10 Amid Rising Accumulation Signals

Price Action Hints at Bottoming Structure Following High-Volume Decline

XRP is showing signs of stabilization after a sharp 10.14% decline between July 23 and July 24, with technical indicators suggesting a potential short-term bottom. The token fell from $3.45 to $3.10 over the 24-hour session ending at 11:00 GMT on July 24, with the steepest losses occurring between 13:00 and 21:00 GMT on July 23.

During the decline, XRP broke below its $3.20 support and established new resistance between $3.23 and $3.25. However, sentiment shifted early on July 24 as the asset rebounded from a session low of $2.96, forming a series of higher lows and regaining the $3.10 level by session close.

Volume Surge Signals Institutional Interest

Total trading volumes topped 175 million during the session—significantly above the daily average—indicating active accumulation as XRP entered oversold territory. The final hour of trading saw a surge from $3.10 to $3.11, supported by a 5.6 million volume spike, the highest of the day.

This bounce was led by a bullish breakout between 10:46 and 10:48 GMT, where XRP moved from $3.06 to $3.09 on elevated volume. This rally extended into the session close, with structural confirmation from successive higher lows: $2.96 → $3.06 → $3.09 → $3.11.

Support and Resistance Levels in Focus

• Intraday Range: $2.96 (low) to $3.45 (high), a spread of $0.49
• New Support: $3.10 has been reestablished as short-term support
• Breakout Zone: Sustained movement above $3.15 could confirm reversal
• Resistance Band: $3.23–$3.25 remains the next key technical ceiling
• Volume Confirmation: 4.6 million trades between $3.06–$3.07 reinforce localized demand

Market Outlook: What Comes Next

Market participants are watching closely to see if XRP can extend its recovery and break above the $3.15 threshold—a move that would likely attract additional bullish momentum. Analysts also note that sustained interest between $3.00 and $3.10 may point to ongoing institutional accumulation.

Key catalysts in the near term include broader crypto sentiment and any updates on regulatory developments in the U.S., which could act as either tailwinds or headwinds for price continuation.

With a clean technical rebound and strong demand re-emerging at lower levels, XRP’s price structure now leans cautiously bullish—pending confirmation through a resistance breakout.

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