XRP Price Prediction: Bulls Rejected Near $1.17 Resistance Again

XRP is changing hands near $1.1377 today. That's up a small 0.07% over the past day.

Earlier, the coin pushed up to $1.161 before sellers stepped back in. This level sits right at the top of a long-running downward trendline that has capped the altcoin for months.

Anyone watching an XRP price prediction closely today will notice bulls keep getting turned away at the same spot.

Is XRP going up or down today?

The short answer is mixed, leaning cautious.

Futures volume dropped nearly 30% in the last 24 hours, falling to $1.75 billion. That's a sign momentum is cooling off after the failed breakout attempt.

Spot volume is much smaller at $266.54 million. Futures traders are still driving most of the action here, not everyday spot buyers.

Open interest sits at $2.41 billion, down just under 1%. Traders aren't rushing to add new bets in either direction.

Are traders long or short right now?

This is where things get interesting.

As per CoinGlass data, the overall 24-hour long/short ratio is 0.979, basically split down the middle.

But zoom into individual exchanges, and the picture flips:

Big traders and everyday accounts on Binance and OKX are leaning heavily long. That gap between the overall market and these exchanges suggests other corners of the market are shorting into the rally.

How much Riplle was liquidated today?

A fair amount, especially on the long side.

The 1-hour and 4-hour numbers show longs getting wiped out almost entirely. That matches the sharp drop after price touched $1.161.

Why is XRP price moving today?

A few things stand out.

U.S. spot XRP ETFs now hold $988 million in assets as of July 2. Bitwise brought in $6.55 million in inflows that same day.

Total net inflows across all ETF issuers have climbed to roughly $1.487 billion. June alone added $59.46 million.

On the regulatory side, the CLARITY Act missed its self-imposed July 4 deadline. If the Senate doesn't act soon, the next real shot comes in the fall session.

This matters more for XRP than most coins. Its March 2026 status as a digital commodity is currently just an agency interpretation, not law. The CLARITY Act would lock that classification in permanently.

What is the XRP support and resistance level today?

Resistance sits at $1.16 to $1.18, the same descending trendline that's held for months.

Support is closer, around $1.137 to $1.140.

Every major EMA is sitting above the current price. The 20 EMA is at $1.118, the 50 EMA at $1.184, the 100 EMA at $1.286, and the 200 EMA at $1.496. That lineup still points to a bearish longer-term trend.

RSI reads 51.37, above its average of 39.66. Momentum has cooled from oversold levels but hasn't turned strongly bullish either.

Will XRP go up or down next?

If the altcoin loses the $1.137 support, the heavy long positioning on Binance and OKX could face more liquidations.

A move back above $1.16 to $1.18 would need to absorb that same bearish pressure to hold. Whether that happens may depend as much on the CLARITY Act's progress as on the charts themselves.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Always do your own research and consult a licensed financial advisor before making any investment decisions.