XRP showed signs of recovery after breaking above short-term resistance on Tuesday, July 21, 2026. While buyers attempt to maintain the uptrend, the main technical hurdles on the broader time frame remain in place.
Price outlook and market value
XRP traded around $1.13, up 3.34% on the day. The asset opened at $1.11152, had an intraday low of $1.11043 and a high of $1.13715. The closing level was recorded at $1.13230.
According to CoinMarketCap data, the amount of XRP in circulation is 62.47 billion. With a market value of approximately $70.8 billion, XRP ranked sixth in the cryptocurrency rankings. Ripple is known as a financial technology company focusing on cross-border payment solutions.
European license and usage expectation
Ripple has taken a new step on the regulatory side in Europe. The company received full authorization under the Crypto Asset Markets regulation on July 6, following preliminary approval at the end of June. This permission paves the way for it to operate in 30 countries within the European Economic Area.
This authority eliminates the need to obtain separate licenses in different countries. It is evaluated that this may make Ripple’s infrastructure more accessible to banks, payment service providers and financial technology companies. Ripple Payments currently operates in 90 payment markets and can process fiat currencies, stablecoins and XRP.
The full authorization Ripple has received in Europe enables the company to provide services under a single framework throughout the European Economic Area.
It is stated that the increase in payment usage may support the volume of activity on XRP Ledger. This situation seems to have the potential to strengthen the demand for services and assets in the XRPL ecosystem.
Levels watched by analysts
Analyst Egrag Crypto shared a long-term roadmap for XRP based on a triple bottom structure. According to the analyst, the chart indicates the formation of successive higher cyclical bottoms in the market structure. On the other hand, it is emphasized that the third bottom zone is formed between $ 0.90 and $ 1.00, but the formation has not been fully confirmed yet.
The first recovery level on Egrag Crypto’s road map stands out as $ 1.23. While the structural confirmation zone is at $1.56, the main breakout area is between $2.38 and $3.54. Fibonacci projections include targets of $9.28 at 1.272, $15.35 at 1.414 and $31.65 at 1.618.
Analyst Egrag Crypto emphasizes that accumulation near macro support may keep larger targets on the agenda, but these levels are not confirmed results but scenarios depending on the breakdown structure.
| Indicator | Level |
|---|---|
| first recovery | $1.23 |
| Structural approval | $1.56 |
| Main rupture zone | $2.38 to $3.54 |
Latest situation in technical indicators
On the TradingView chart, the 20-day exponential moving average is at $1.10456 and the 50-day exponential moving average is at $1.14500. XRP is currently trading above the 20-day average and below the 50-day average.
The 100-day exponential moving average is at $1.23706 and the 200-day exponential moving average is at $1.44027. The fact that both long-term averages remain above the current price indicates that resistance pressure continues in the broader outlook. While the Relative Strength Index increased to 55.16, the moving average of the indicator was measured as 46.41. Thus, although there is an improvement on the momentum side, the indicator has not yet reached the overbought zone.
In the short term, the $1.23 level is watched with the $1.14500 resistance zone. If the price falls below the 20-day average, attention may shift to close support areas again.
