XRP Price News: Ripple Prints Higher Lows, Tests $3.23 Resistance with Heavy Volume
July 28, 2025 — XRP demonstrated signs of strength on July 27, posting modest gains despite intraday volatility and testing key resistance levels with significant trading volume. After dipping to an early low of $3.16, the digital asset rebounded to close near $3.22, supported by notable institutional buying and a late-session rally.
XRP’s Price Action and Trading Activity
Over the 24-hour period ending at 20:00 UTC on July 27, XRP advanced approximately 1.3%, trading within a relatively narrow range between $3.15 and $3.23. The token briefly slipped to $3.16 early in the day but quickly recovered on heavy buying interest. This positive momentum carried into the afternoon session, where trading volumes surged to 81.78 million and 69.06 million units at 16:00 and 17:00 respectively—almost double the 24-hour average volume of 38.25 million.
XRP’s final trading hour saw a rally that lifted the price from $3.21 to $3.22, reinforced by strong volume spikes. The level near $3.16 acted as firm support throughout the day, with multiple retests successfully holding, confirming resilience at that price floor.
Technical Overview
From a technical standpoint, XRP forged an ascending channel marked by a series of higher lows ranging from $3.16 to $3.22. Resistance at the $3.23 level capped the gains, but the upward bounce from $3.20 in the closing hour indicated robust buying momentum. Institutional interest was further confirmed by two notable volume spikes of 2.11 million units at 20:02 and 1.97 million units at 20:08, signaling accumulation by larger market players.
To maintain bullish momentum, XRP now needs to break decisively and hold above the $3.23 resistance level. Should this occur, short-term upside continuation toward the $3.25–$3.30 range becomes a possibility.
Market Context and Outlook
Despite persistent market uncertainties arising from recent ETF-related volatility and liquidation events across the crypto sector, XRP’s price action reflected strong technical resilience. Institutional inflows, coupled with XRP’s ongoing utility in cross-border payments and increasing DeFi integration, continue to sustain long-term investor interest.
Traders are closely watching whether XRP can sustain levels above $3.20 amid broader market consolidation. Follow-through volume and confirmation of a breakout above $3.23 will be critical indicators to assess potential price trajectories in the near term.
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About the Author:
Shaurya Malwa is the Co-Leader of CoinDesk’s tokens and data team in Asia, specializing in crypto derivatives, DeFi, and market microstructure. He actively participates in liquidity provision and holds a diverse portfolio across leading cryptocurrencies.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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