XRP (XRP) Price Prediction for July 12

XRP price today is holding above $2.55 after breaking out from a major symmetrical triangle pattern that had capped price action since March. The breakout, confirmed by volume and structure, marks a critical shift in market sentiment and places bulls in firm control ahead of the weekend. With volume profile gaps overhead and on-chain strength showing up in derivatives flow, traders are watching closely for a continuation toward $2.70 and above. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the daily chart, XRP price has broken above a long-term descending trendline near $2.47 that acted as dynamic resistance for months. The breakout occurred on July 10 with a strong bullish candle that closed well into the $2.55 zone. Price has now cleared the midpoint of the triangle pattern that dominated most of Q2. XRP price dynamics (Source: TradingView) The 1D chart also shows a clean flip above the Bull Market Support Band ($2.19–$2.26), confirming broader trend reversal. Structure-wise, this move invalidates the prior series of lower highs and opens the door to target the major supply cluster between $2.71 and $2.85. The … The post XRP (XRP) Price Prediction for July 12 appeared first on Coin Edition .

Source: Coin Edition