XRP’s Rally: A Mirage or a Miracle? 💸⚡

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It is much too soon to declare the rally over, even though XRP‘s price chart shows a noticeable decline. There is more to the situation than just price action, even though XRP has retraced to $3.44, down about 3% on the day. In terms of technical analysis, XRP is still far above important support levels. The pullback appears to be less of a complete reversal and more of a temporary cooldown after a powerful rally. 🧠💸

There would inevitably be some profit-taking after the asset increased by over 70% in July. Although the RSI is still high at 78, which usually indicates overbought conditions, high RSI can last much longer during strong bull phases without causing abrupt reversals. The on-chain data is more significant. 🧨

The number of payments on July 21 surpassed 1.35 million, according to XRP Ledger statistics. This significant amount supports the asset’s continued demand and usefulness. Even if the chart shows a daily dip, the underlying network activity is surging, which rarely aligns with the beginning of a market top. ⚠️💸

Instead of a collapse, increasing transaction volume frequently precedes additional price acceleration. Furthermore, XRP has only recently emerged from a range of prolonged accumulation. This indicates that while most short-term traders are now profitable, long-term holders are probably only now beginning to think about realizing their profits. 🧠

Structural resistance is minimal above $3.70 until it approaches $4.00, which is still a psychological barrier. The market may soon start to move toward $5.00 if that level is cleared. In conclusion, the short-term correction of XRP is a typical market response rather than a trend reversal. Strong on-chain metrics and a stable price structure are still there. The rally is just taking a breather; it will not end until volume drops and XRP breaks below important EMAs, which are located between $2.80 and $3.00. ⚠️💸

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2025-07-22 14:38