XRP is currently trading at $3.277, rebounding steadily from last week’s pullback off the $3.6656 peak. On the Smart Money Concepts daily chart, $3.6656 is marked as a “weak high” with a significant liquidity pool sitting above. Price previously found strong buying interest at $3.0933 — the point where the 4-hour Supertrend flipped bullish — and it remains above the $3.09 demand zone established during July’s breakout.
The daily market structure still leans bullish, especially after the Break of Structure above $2.60 that fueled July’s rally toward $3.72. The next major liquidity target sits at $3.4650, aligning with the 0.786 Fibonacci retracement on the 4-hour chart.
Why is XRP rising today?
Multiple timeframes show clear bullish confluence. On the 4-hour chart, XRP is trading above all major EMAs.
The first overhead resistance is the upper band of the Keltner Channel at $3.3508.
From the $2.7282 swing low to the $3.6656 high, price has reclaimed the 0.5 Fibonacci level at $3.1960 (now short-term support) and is testing the 0.618 Fibonacci level at $3.3075. A clean breakout above this zone could pave the way toward $3.4650.
Short-term momentum is also improving: the 30-minute RSI reads 68.62, and price is hovering around VWAP at $3.2722. Spot netflows on August 11 came in at +$40.42M, indicating fresh capital inflows during this rebound.
Key liquidity levels are found at $3.4650 and the previous high near $3.6656. On the downside, liquidity pools sit at $3.0933 and deeper at $2.72 (matching the 0% Fibonacci mark).
Short-term outlook for the next 24 hours
Bullish scenario: A 4-hour close above $3.3075 would confirm a reclaim of the 0.618 Fibonacci level, opening the path to $3.4650, and potentially a sweep of the $3.6656 high. This view would be invalidated on a close below $3.1960, increasing the risk of a pullback to the $3.0933 demand zone or even the $2.90–$2.72 support region.
Bearish scenario: Failure to break $3.3075 followed by a drop toward $3.1960 could trigger profit-taking. A close below $3.0933 would flip the Supertrend bearish, exposing $2.72 as the next downside target.
