XRP (XRPUSD) Buyers Are Taking the Lead

XRP (XRPUSD) Price Forecast: July 8

Amid signs of a new bull cycle, the XRP buyers are taking the lead in the crypto market, eyeing a breakout to the $3.365 overhead resistance. The bulls are gaining strength on the XRP market as it remains strongly bullish. From this point of view, the coin may continue its bullish movement if buyers can increase their buying forces. The coin may further climb up to the $3.400 upper resistance level and beyond, reflecting vibrant engagement and market trends.

Key Levels:
Resistance Levels: $2.350, $2.400, $2.500
Support Levels: $1.775, $1.774, $1.773

XRP (USD) Long-term Trend: Bullish (Daily Chart)

It could be seen that XRP buyers are taking the lead, experiencing a jolly bullish move in their long-term view. The coin price is trading above the moving averages with huge volumes from the bulls, confirming a bullish trend.
The price of the cryptocurrency remains stable above supply levels at its most recent high due to persistent bullish pressure that pushed it to a high level of $2.257 in the last few days.

Today, the market price of XRP at the $2.290 resistance mark above the moving averages as the daily chart opens implies that coin buyers are taking the lead, and from the way it is, the crypto will increase.

Hence, if the bulls increase their confidence in the XRPUSD investment, the coin market trend could see a potential growth to hit the $3.365 barrier level, attracting big players to drive the price higher.

Notably, the daily signal remains in an uptrend, indicating that buyers may continue leading. Hence, there is a tendency for the coin to rise further, if the support level holds.

Achieving this will enable buyers to take the price up to a high of $3.400 as coin buyers take the lead in its long-term perspective.

XRP (USD) Medium-term Trend: Bullish (4H Chart)

The XRP price indicates potential growth as it moves towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility in the medium-term view.
Buyers are taking the lead as the market remains strengthened above the supply levels, affirming its bullish trend.

The bulls reached a $2.218 resistance level in the last session and sustained it. This made it easier for the crypto price to rise further in its recent high.

At the press, today’s market value of XRPUSD at a $2.290 supply value above the moving averages as the 4-hourly session opens affirms that coin buyers are taking the lead.

Further, with high optimism, a breakout of the recent $2.209 high value by the bulls could lead the token price to hit the $2.338 high level, attracting more buyers to invest in the coin.

In addition, with the daily stochastic pointing upwards, we can expect more bullish action if all the support holds in place.

In light of this, the price of XRPUSD might jump to the $3.400 upper high level as buyers take the lead in its medium-term outlook.

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