Post 10% Slide, XRP Rebounds Near $3 — Is a Local Bottom In?

XRP Reclaims Key Support After 10% Drop, Technical Rebound Signals Potential Bottom

Volume-Driven Rebound Suggests Institutional Buying at Oversold Levels

XRP is showing early signs of recovery after a sharp 10.14% slide between July 23 and July 24, falling from $3.45 to $3.10 in a high-volume session that tested key technical levels. The selloff intensified during the late hours of July 23, pushing the token below $3.20 support and establishing fresh resistance at $3.23–$3.25.

A swift intraday recovery began in the early hours of July 24, with XRP bouncing from a session low of $2.96. The rebound gained traction as volume surged and a sequence of higher lows formed, ultimately lifting the price back above $3.10 by session close.

Elevated Volume Hints at Smart Money Activity

Trading volume surged to over 175 million—significantly above the daily average—indicating that large players may have stepped in as the asset reached oversold conditions. The most notable buying occurred in the final hour, where XRP climbed from $3.10 to $3.11 on a 5.6 million volume spike, the session’s highest.

Earlier, a brief but decisive breakout between 10:46 and 10:48 GMT drove the price from $3.06 to $3.09, reinforcing short-term bullish momentum. Support around $3.06–$3.07 was tested repeatedly, with 4.6 million in transaction volume confirming demand at those levels.

Key Technical Takeaways

• Range: $2.96 low to $3.45 high — a $0.49 swing
• Support: $3.10 reclaimed as near-term base
• Resistance: Initial barrier at $3.15; breakout level at $3.23–$3.25
• Structure: Higher lows from $2.96 → $3.06 → $3.09 → $3.11 indicate strengthening trend
• Volume Confirmation: 5.6M spike in final minutes suggests strong interest on the rebound

Market Outlook: Watching for Follow-Through Above $3.15

Traders are now focused on whether XRP can sustain momentum and break above $3.15, which would confirm a short-term trend reversal and open the path toward retesting the $3.23–$3.25 resistance zone. Continued accumulation in the $3.00–$3.10 region could provide the base needed for the next leg higher.

Macro factors—including broader crypto sentiment and U.S. regulatory headlines—remain key variables in the near term. But from a technical perspective, XRP’s rebound from sub-$3 levels, paired with surging volume and ascending price structure, suggests a potential bottom is forming.