XRP Price Surge: Supertrend Indicator Triggers First Buy Signal in Weeks Amid ETF Revival

TLDR

• XRP gained approximately 3% to reach an intraday peak of $1.11 on July 3 following a rebound from $1.02 recorded on July 1
• The Supertrend indicator generated its first buy signal since mid-June, with the previous signal leading to a 14% price surge
• Exchange-traded fund inflows for XRP restarted Thursday with approximately $7 million following a two-day withdrawal period
• Ripple initiated payment operations across Europe utilizing MiCA’s provisional CASP authorization structure
• Critical resistance levels positioned between $1.11–$1.15, while Supertrend support established around $1.05

XRP has successfully reclaimed the $1.10 threshold following a challenging beginning to July. The digital asset reached an intraday peak of $1.11 on July 3, representing approximately 3% growth from the $1.02 bottom established just 48 hours earlier.

The upward movement coincides with multiple favorable catalysts converging simultaneously — revived institutional buying through ETFs, an encouraging technical development, and additional enthusiasm from Ripple’s geographic expansion efforts.

Crypto analyst Ali Martinez shared on X on July 3 that the Supertrend technical tool had generated a buy signal for XRP for the first time since mid-June. His observation stated: “The last buy signal preceded a 14% rally.” Martinez additionally highlighted that this same indicator accurately forecasted the previous 19% and 16% downturns, lending weight to the current signal’s reliability.

Institutional investment flows through ETFs have resumed following a temporary interruption. Following two back-to-back days of capital withdrawals, United States-based XRP exchange-traded funds recorded nearly $7 million in fresh inflows on Thursday. Aggregate inflows have reached $1.49 billion, advancing from $1.43 billion registered on June 1. Combined assets under management average $988 million.

Ripple’s entry into European territories contributed additional optimism to market sentiment. Ripple Payments initiated operations under provisional Crypto-Asset Service Provider authorization through the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This development arrived as certain competing platforms reduced their European service offerings to satisfy MiCA compliance standards.

Market participants predominantly dismissed worries regarding Ripple’s monthly release of 1 billion XRP from escrow, acknowledging that historically the majority of unlocked tokens are returned to escrow rather than distributed into circulation.

Technical Picture Points Higher

Examining the daily chart reveals XRP has breached above a downward-sloping trendline that had contained every upward movement since late May. This breakout has recaptured the $1.10 threshold and directed attention toward the $1.12 resistance area.

The MACD indicator displays a bullish intersection with widening positive histogram readings. The RSI registers in the mid-60s range — demonstrating strength while remaining below overbought territory.

XRP currently trades above both its 50-day EMA positioned at $1.07 and 100-day EMA located at $1.09. The upper Bollinger Band approaching $1.11 represents the immediate resistance barrier, while the 200-day EMA stands at $1.14.

Short Squeeze Potential Builds

CoinGlass liquidation information reveals a concentrated grouping of short positions positioned directly above the current trading range, between $1.11 and $1.12. XRP has already started penetrating this zone.

An additional concentration of leveraged short positions exists near $1.14. Should purchasing momentum persist, mandatory short liquidations could propel prices higher toward that threshold.

Futures Open Interest registers at 2.2 billion XRP on Friday, modestly elevated from 2.18 billion recorded the previous day, remaining beneath the June maximum of 2.28 billion XRP.

Blockchain data from Santiment indicates XRP’s average trading returns have declined to their lowest level in approximately 12 years, positioning numerous holders in unrealized loss territory.

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