XRP Outlook: Key Resistance Near $2.72 Sparks Trader Buzz

As XRP approaches a pivotal resistance level, traders are on high alert for what could be the next major move in the crypto market. The focus keyword here is XRP, and its current technical setup is drawing considerable attention from market watchers and analysts alike.

Prominent trader DonAlt recently highlighted XRP’s tightening trading range and questioned whether a breakout is imminent or if investors should brace for continued consolidation. According to his analysis, XRP is hovering just beneath a critical resistance zone around $2.72 — a price point it has tested repeatedly over the past few months without achieving a sustained breakthrough.

DonAlt’s chart, shared on July 9, shows XRP trapped within a horizontal range, delineated by support near $2 and resistance close to $2.72. This range has contained XRP’s price action for an extended period, creating an impression of mounting pressure that could soon be released either upward or downward.

The ongoing battle between bulls and bears is heating up. DonAlt’s commentary underscored that while a few false breakouts have occurred in recent weeks — leaving behind deeper pullbacks — the trend of higher lows is a signal that XRP buyers have been quietly accumulating. This gradual climb suggests strengthening bullish momentum even in the face of limited short-term price movement.

Although XRP hasn’t yet confirmed a decisive breakout, it is now consolidating closer to its resistance line than ever before. This structural tightening typically acts as a launchpad for more significant volatility, and seasoned traders are watching closely for confirmation.

DonAlt pointedly asked: “Is this finally going to be the breakout, or will we need to wait another month or two?” This rhetorical question reflects the broader market sentiment — anticipation mixed with uncertainty — and hints that the current consolidation phase may not last much longer.

The clock is ticking, as this type of price compression near a resistance line often leads to sharp directional moves. Traders who have been waiting on the sidelines are starting to re-engage, possibly preparing to capitalize on a breakout once clear signals emerge.

It’s worth noting that the implications of a move beyond $2.72 are significant. A successful breakout could reignite bullish momentum and set new targets for mid-to-long-term XRP performance. On the flip side, if resistance holds firm and another rejection follows, XRP could slip back toward its $2 support, prolonging the current trend of sideways movement.

The outlook, as it stands, hinges on timing. If XRP can overcome resistance soon, it could usher in renewed enthusiasm and prompt a broader rally. However, if the breakout delays, the market risks losing its recent momentum, potentially extending the consolidation deep into the summer months.

DonAlt’s history of spotting high-timeframe setups has made him a trusted figure among crypto traders who prefer macro-level views over short-term fluctuations. His focus on XRP in this moment likely signals that something substantial could be near. For investors and market participants, the message is clear: XRP’s range-bound behavior may take a turn at any moment — and being unprepared could mean missing a valuable opportunity.

Check out DonAlt’s tweet here: https://twitter.com/CryptoDonAlt/status/1942893658962788565

Meanwhile, the volume of XRP traded continues to rise, including major transactions like the $500 million XRP exchange noted recently. As accumulation intensifies and more key players re-enter the stage, market dynamics are likely to shift quickly once the next move begins.

A recent note from Ripple also emphasized strategic usage of XRP, where the company’s leadership stated they “use XRP where it makes sense,” adding to the sense that the ecosystem remains active and evolving. You can explore more about that statement at Ripple CEO: ‘We Use XRP Where It Makes Sense’.

Related: XRP Price: $12M Max Pain for Bears

As of now, XRP is at a crossroads. Whether the next move brings a decisive breakout or extends the current stalemate, all eyes remain fixed on that crucial $2.72 resistance level.