XRP Price Prediction: Can Macro Retest Push XRP Above $2?

Key Insights:

• XRP price prediction in focus as the crypto holds key support and analysts watch for the next move.
• CLARITY Act vote remains a major focus for the XRP market.
• XRP spot ETF records zero daily inflow despite steady total assets.

XRP price prediction is back in focus as traders watch a key support level, the progress of the CLARITY Act in the United States, and new XRP ETF data showing no daily inflows. These three factors could play a part in deciding whether XRP price can move back above the $2 mark.

However, the prediction and targets are based on technical indicators and market trends and are only for information purposes. This is not financial information, and investors should conduct thorough research or seek advice from a financial expert, given the volatile nature of cryptocurrencies.

XRP Price Prediction Depends On Holding Key Support

XRP price prediction is drawing fresh attention after crypto analyst EGRAG Crypto shared a new chart showing that XRP is testing an important support area. According to the analyst, XRP has already broken out of a multi-year symmetrical triangle. The market is now checking if that breakout can hold. He said the most important support sits between $0.85 and $0.88.

This area is important because several chart signals meet there. They include the lower side of the triangle, the White Bridge, the monthly 111 EMA, and the expected breakout retest.

EGRAG Crypto said a quick move below this level would not change the bigger picture on its own. However, if XRP closes below the area on the monthly chart for a long time, the bullish setup could become weaker.

The market analyst also pointed to the monthly 21 EMA. He believes a move back above that level, especially through the $1.23 to $1.65 range, would show that the recent pullback is coming to an end.

His chart shows a clear path for XRP price. First, buyers need to defend the $0.85 to $0.88 support. After that, XRP needs to move above $1.23, then $1.65, before trying to break through the $3.00 to $3.50 area.

EGRAG Crypto also shared two longer-term targets, without any specific time range. The first target is $6.40, while the second is $30. He added that the higher target would only come into view if XRP moves above its previous highs and stays there. For now, he said the monthly 111 EMA could act as the bottom, while the monthly 21 EMA remains the level to watch for the next move higher.

CLARITY Act Vote Remains In Focus For XRP Price

Another issue attracting attention is the CLARITY Act in the United States. Crypto analyst Dark Defender said the Senate has until its August recess to hold a floor vote on the bill. He believes the outcome could be important for XRP.

According to him, the bill may validate the XRP price prediction and the digital commodity classification part of federal law instead of leaving it open to future changes.

Dark Defender also said XRP is showing strength on the three-day chart. Based on that view, he expects the token to aim for $1.22, $1.33, and $1.88 over the short term. The bill has not been passed yet, but many traders are keeping a close watch because any progress could affect market sentiment and XRP price.

XRP ETF Sees Zero Daily Inflow

The latest ETF figures have also caught the attention of the market. Data from SoSoValue shows that the US XRP spot ETF market recorded zero daily net inflows on July 22. Even so, cumulative net inflows remained at $1.49 billion.

The same data showed $10.90 million in trading value for the day, while total net assets stood at $1.04 billion. The zero daily inflow does not mean investors have left the market. It simply shows that no new money entered the ETF products during that trading session.

For now, XRP price prediction will likely depend on how these three factors develop. Traders will be watching whether XRP can stay above the $0.85 to $0.88 support area, whether the CLARITY Act moves forward in the Senate, and whether ETF inflows return. If these factors improve, they could help XRP price build enough strength to make another attempt at moving above $2.

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