As of July 23, 2026, XRP is trading in a phase in the technical outlook where a multi-year formation breakout is being retested. While the price was at $1.13, it decreased by 0.13% in the last 24 hours. While the daily transaction volume decreased by 31.53% to 960.43 million dollars, the increase in the last 7 days was recorded as 2.54%.
Critical support zone in the technical outlook
Egrag Crypto, one of the analysts closely followed in the market, states that XRP has broken the multi-year symmetrical triangle formation upwards and now it is being tested whether this break can be maintained. The analyst highlights the $0.85 to $0.88 range as the main support zone.
Egrag Crypto emphasizes that the range between $0.85 and $0.88 includes both the lower band of the triangle and the retest area after the breakout, and short-term sags below this area may not necessarily mean that the structure is broken.
According to the analyst’s assessment, this range includes the lower edge of the triangle and the structure called White Bridge. On the other hand, it is stated that the bullish scenario may weaken if the monthly closings are permanently below this region.
Featured levels and objectives
Egrag Crypto’s multi-step scenario includes exceeding the $1.23 and $1.65 levels after maintaining the current support area, and then testing the $3.00 to $3.50 area. While the analyst defines the first conservative move target as $6.40, he considers $30 as a longer-term macro projection. However, it is specifically stated that these two levels are not presented as near-term targets.
| Level | Meaning |
|---|---|
| $0.85 to $0.88 | Major support and breakout retest zone |
| $1.23 | First significant breakout threshold |
| $1.65 | Next resistance level |
| $3.00 to $3.50 | Upper area expected to be tested |
| $6.40 | First measured movement target |
| 30 dollars | Long term macro projection |
Moving averages and Bollinger data
On the daily chart, the 20-day exponential moving average is located at $1.11130 and XRP remains above this average. In contrast, the 50-day exponential moving average is located at $1.14479 and acts as close resistance. While the 100-day average is calculated at $1.23336 and the 200-day average is calculated at $1.43438, the price is below both levels.
In the Bollinger Bands data, the middle band is at $1.11091, the upper band is at $1.16209 and the lower band is at $1.05974. The fact that XRP remains above the middle band but below the upper band indicates that a volatility-related resistance area can be monitored around $1.16209.
Volume weakened in derivative markets
CoinGlass data shows futures trading volume dropped 25.51% to $1.74 billion. The open position size also decreased by 1.42% to 2.50 billion dollars. CoinGlass is known as a data platform that compiles trading volume, open interest and liquidation data on crypto derivatives markets.
Mini dictionary: Open position shows the total size of futures contracts that have not yet been closed. The funding rate refers to the periodic payment balance between long and short positions in perpetual futures transactions.
The fact that the OI weighted funding rate remains in the positive zone at 0.0041% reveals that long position holders are paying short position holders.
Total liquidations in the last 24 hours reached $1.13 million. Of this amount, $570,500 came from long positions and $557,610 came from short positions. The fact that the difference between the two sides is only $ 12,890 shows that there is no significant directional weight in the market.
