Key Insights:
- XRP price hovers at $3.15, critical support for bulls.
- Dormant XRP reactivates; wallet age drops, signaling accumulation.
- SEC approval boosts confidence; Bitwise ETF fuels bullish momentum.
Ripple (XRP) price is consolidating just above $3.15 after retreating from a multi-year high above $3.50. The recent dip follows profit-taking activity, which emerged after an extended bullish rally. However, XRP’s technical structure remains intact, with strong support levels continuing to hold firm.
Currently, the market capitalization stands at approximately $188 billion, while 24-hour trading volume surged 10.9% to reach $7.13 billion. Intraday fluctuations have remained within a narrow band, ranging between $3.12 and $3.28, reflecting a phase of consolidation.
Bullish momentum is supported by improving sentiment and a resurgence in dormant wallets, suggesting renewed accumulation. In addition, confidence has grown following the SEC’s approval and Bitwise’s ETF developments.
Despite the recent pullback, XRP crypto remains poised to resume its upward push. The main question is whether the $3.00 support level will hold.
XRP Price Faces Crucial Test at $3.15
Technical analyst Ali has highlighted a potential price movement for XRP price based on current chart behavior.
According to his recent market analysis, if XRP breaks below the key $3.15 support level, a further decline may follow. This could drive the price down toward the $3.00 mark, a zone that may offer a buy-the-dip opportunity for investors.
The chart shows that XRP is struggling to stay above support after a recent sharp drop from above $3.20.
The price has hovered just around $3.15, with bearish pressure increasing in recent hourly sessions. Analysts often view such pullbacks as strategic re-entry points, especially when broader momentum remains positive.
If XRP stabilizes around $3.00, traders could see renewed buying interest, particularly from those watching technical levels.
The U.S. SEC Approves Bitwise XRP ETF
The U.S. SEC has finally passed the exchange-traded fund Bitwise XRP, which is a milestone in the crypto sector. It’s July 22, 2025, decision permits accelerated approval of the fund to list and trade under NYSE Arca Rule 8.500-E.
This action will enable Bitwise to add XRP to its 10 Crypto Index ETF, paving the way to wider access to regulated crypto investment products. The decision was based on a filing of the NYSE Group, and Mr. Fudenberg was chairman of the Division of Trading and Markets.
It is an emerging trend that has been taken as a revelation to XRP and digital assets in general. Analysts believe the ETF has the possibility of drawing investment interest from funds and amplifying trading levels and market certainty.
For XRP, which has long awaited wider regulatory acceptance, the ETF’s launch could mark the start of a more mainstream investment phase.
XRP Crypto Sees Bullish Wallet Activity
XRP price has surged 46% over the past month, firmly holding its support level at $3.15. According to market analysts, dormant XRP coins are being added to circulation.
The trend shows long-term investors gaining confidence again as their old assets begin to liquidate their wallets.
According to Santiment Data, the average age of XRP investment is declining. It has reduced by 91 days over the past month, being 593 days currently. This 13% decline indicates a lot of wallet shuffling, and this involves the activation of long-inactive coins.
The given behavior used to be in the upward price trends before, which provided support to the positive trends in the market.
XRP price hovered at $3.17 on July 29, 2025, maintaining support after a sharp pullback from recent highs. Any upside move beyond $3.20 may open doors to retesting the resistance zone at 3.50. Conversely, a close below $3.00 on a daily basis could indicate that selling is once again taking place.
The post XRP Price Tests $3.15: Will the Key $3 Support Level Hold appeared first on The Market Periodical.
