The XRP price has been stuck in a tight range for several days, cooling off after hitting a monthly high of $3.65 earlier this month. Since then, it has dropped by about 14% and now trades near $3.13. Now it is showing only a modest 5% gain over the last week.
The pullback has kept traders cautious. But fresh data hints that a quiet buildup of buying pressure could lead to an XRP price upmove if the right signals align.
Chaikin Money Flow Needs a Strong Push to Confirm Upside
One key sign to watch is the Chaikin Money Flow (CMF). This indicator tracks whether money is flowing into or out of a token by combining price action and trading volume.
From July 20 to July 26, the CMF for the XRP price made a higher low, even as prices slipped from $3.60 to $3.13. This divergence suggests that larger wallets were buying dips, adding to their holdings despite the price drop.
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However, the CMF now sits near 0.15. For the XRP rally to gain momentum, it must break this level decisively and print another higher high. That would signal stronger inflows and move the market closer to a potential XRP price breakout.
In simple terms, the smart money is nibbling, but it needs more conviction to push XRP out of its range.
Exchange Inflows Stay Quiet, Reducing Immediate Sell Pressure
The latest data shows that XRP inflows to exchanges have stayed muted for most of July. The only major spike occurred on July 11, when over 220 million XRP hit trading platforms. Since then, inflows have mostly hovered at low levels. The most recent data on July 29 shows just 9.7 million XRP moving to exchanges while the XRP price traded near $3.12.
Lower inflows are generally a good sign for market stability. They suggest that large holders are not rushing to deposit XRP for selling.
When inflows remain low for an extended period, it often means that supply pressure on exchanges is easing. This allows any new demand to have a stronger effect on prices. This aligns well with the slow but positive Chaikin Money Flow readings, showing that while buying activity is tentative, selling interest is equally subdued.
If this trend continues, it could help the XRP price hold its current range and prepare for a potential move higher. More so if the bullish pattern plays out in the coming days, as explained later in this piece.
Bullish Pattern Points to XRP Price Upside Potential
The 2-day price chart shows XRP forming an ascending triangle. It is a bullish pattern where higher lows build pressure under a horizontal resistance line. We are using a 2-day chart to keep the range bound movements to a minimum.
While the XRP price seems to be trading midway inside the pattern, key Fibonacci levels reveal the range it needs to break for an aggressive upmove.
A clean break above $3.24 could trigger a fast push toward $3.65. Beyond that, there’s little resistance as XRP would again move in the price discovery mode.
However, if the XRP price breaks under the $2.95-$2.99 level, the key support range revealed by both charts, the short-term bullish hypothesis will lose ground.
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Disclaimer
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