{"id":36209,"date":"2025-07-10T14:46:48","date_gmt":"2025-07-10T14:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36209"},"modified":"2025-07-10T14:46:48","modified_gmt":"2025-07-10T14:46:48","slug":"xrp-tests-2-46-barrier-after-bullish-run-watch-for-confirmation-above","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36209","title":{"rendered":"XRP Tests $2.46 Barrier After Bullish Run \u2014 Watch for Confirmation Above"},"content":{"rendered":"<div>\n<p>XRP posted steady gains during the July 9\u201310 session, pushing 2.6% higher as breakout volume drove the price to a $2.46 intraday peak before late-session profit-taking. <\/p>\n<p>Price action ranged $0.092 from a $2.351 floor to a $2.443 high, marking 3.85% volatility over the 23-hour stretch. <\/p>\n<p>The breakout was led by a surge in volume to 78.3 million at 07:00 on July 10, pushing XRP above key $2.43 resistance. The rally lost steam into the close, with sellers stepping in just below $2.46.<\/p>\n<h3><strong>News Background<\/strong><\/h3>\n<ul>\n<li>Ripple CEO Brad Garlinghouse appeared before the U.S. Senate Banking Committee on July 9, advocating for comprehensive crypto legislation and citing XRP\u2019s regulatory compliance in over 60 jurisdictions. <\/li>\n<li>This comes as institutional accumulation in XRP hits record highs \u2014 with 2,743 wallets now holding over 1 million XRP each, totaling 47.32B coins. <\/li>\n<li>Daily volume surged 74% to $4.54B, signaling renewed confidence tied to anticipated regulatory clarity.<\/li>\n<\/ul>\n<h3><strong>Price Action Summary<\/strong><\/h3>\n<ul>\n<li><strong>XRP rose 2.6% from $2.38 to $2.44<\/strong> during the 23-hour session from July 9 13:00 to July 10 12:00.<\/li>\n<li>Breakout occurred at 07:00 July 10 as price breached $2.43 resistance with volume spiking to <strong>78.3M<\/strong>.<\/li>\n<li><strong>Intraday high of $2.46<\/strong> met with immediate rejection, capping upside momentum.<\/li>\n<li>Final hour of trading (11:49\u201312:48) saw a <strong>0.73% drop<\/strong> from $2.45 to $2.44 as profit-taking accelerated.<\/li>\n<li>Sell volume exceeded <strong>1.9M XRP<\/strong> during the 12:25\u201312:31 window, with price slipping to a session low of $2.437.<\/li>\n<\/ul>\n<h3><strong>Technical Analysis<\/strong><\/h3>\n<ul>\n<li><strong>Range<\/strong>: $0.092 or <strong>3.85%<\/strong>, between $2.351 low and $2.443 high.<\/li>\n<li><strong>Resistance<\/strong>: $2.46 level triggered repeated rejections; failure to reclaim post-breakout suggests short-term exhaustion.<\/li>\n<li><strong>Support<\/strong>: $2.35\u2013$2.36 base formed early in session; $2.437 tested late on sell pressure.<\/li>\n<li><strong>Breakout<\/strong>: Occurred at 07:00 with price moving from $2.42 to $2.443 on <strong>78.3M<\/strong> volume.<\/li>\n<li><strong>Reversal<\/strong>: 11:49\u201312:48 saw $2.45 break with heavy volume \u2014 indicating short-term distribution and consolidation pressure.<\/li>\n<li><strong>Volume<\/strong>: Above-average flow sustained throughout session; <strong>62.2M 24H average vs. 74% surge to $4.54B in value traded<\/strong>.<\/li>\n<\/ul>\n<h3><strong>What Traders Are Watching<\/strong><\/h3>\n<ul>\n<li>A <strong>clean breakout above $2.46<\/strong> with volume is needed to flip resistance and retest upper targets at $2.60\u2013$2.75.<\/li>\n<li>Failing to hold $2.437 may open downside back to $2.38\u2013$2.35 support zone.<\/li>\n<li><strong>Higher low structure<\/strong> remains intact; RSI near overbought but no bearish divergence on intraday charts.<\/li>\n<li>Macro catalyst: Progress on U.S. crypto legislation could drive next major leg up.<\/li>\n<\/ul>\n<p>(<strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.)<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP posted steady gains during the July 9\u201310 session, pushing 2.6% higher as breakout volume drove the price to a $2.46 intraday peak before late-session profit-taking. Price action ranged $0.092 from a $2.351 floor to a $2.443 high, marking 3.85% volatility over the 23-hour stretch. The breakout was led by a surge in volume to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36209","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36209"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36209\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}