Technical analysis by SupertradeOfficial about Symbol XRP: Buy recommendation (7/31/2025)

The 4-hour chart for XRP/USD indicates a market that has been under selling pressure since the sharp drop around July 23rd, where price broke down from the 3.40+ range. Since then, XRP has been struggling to reclaim higher levels, with the red trend indicator line (likely a moving average or trend-follow tool) acting as a persistent dynamic resistance. After bottoming near the 3.05 zone on July 25th, the price moved into a sideways consolidation, repeatedly testing both the lower range (around 3.08) and upper range (around 3.20). This tight range suggests accumulation or distribution ahead of a bigger move. Currently, the chart shows a potential long setup triggered around 3.1450, with a stop loss just below 3.0797 and a take profit target at 3.3314. This setup aims to capture a breakout from the consolidation zone toward the previous resistance area just below 3.35. The risk-to-reward ratio is favorable (close to 1:3), making it an attractive trade for short-term swing traders. The target level aligns with the price area before the breakdown on July 23rd, where sellers previously gained control. Breaking through that level could signal a short-term trend reversal. However, the price still needs to clear the 3.20 resistance with a strong candle close to confirm bullish momentum. Trade Setup •Entry: 3.1450 (current level, inside consolidation support) •Stop Loss: 3.0797 (below recent swing low) •Take Profit: 3.3314 (prior resistance zone) •Risk-to-Reward Ratio: ~1:2.94 •Trade Bias: Short-term long aiming for breakout from consolidation