XRP Price Prediction: XRP Holds Ground with Bullish StructureWhats Next After a $3 Breakout?

XRP's price increased by 2.51% to $2.93 on July 16, 2025, a 26% gain over the past week, although trading volume decreased by 38% to $7.1 billion. Institutional support seems to be maintaining the price despite lower retail activity, with buying pressure around $2.85. The upcoming launch of the ProShares XRP Futures ETF on July 18 is influencing institutional trading, with firms rebalancing positions between $2.84 and $2.93. President Trump's call for Federal Reserve rate cuts is seen as a potential boost for XRP and other cryptocurrencies. Technically, XRP has broken above its 20, 50, 100, and 200-day moving averages, indicating bullish momentum. Overcoming the $2.93 resistance could lead to a target of $3.00. The Ripple vs SEC lawsuit remains a factor, but recent rulings have been favorable, leading to longer-term optimism. A breakthrough above $3 is considered a significant milestone, but caution is still advised due to potential price consolidation.