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XRP shows resilience with potential 211% rally after breaking key resistance amid reduced exchange supply.

Technical Signals
07 Aug 2026
Zycrypto
View Source
Bullish
pluang ai news

XRP traded steadily after a volatile week, maintaining a 2% gain over seven days despite broader market pressures. Analyst Javon Marks sees XRP breaking a major resistance trend, potentially triggering a rally over 211% toward $3.50 or higher. Large withdrawals from exchanges and declining XRP balances suggest holders prefer to keep tokens off-market, tightening liquidity and supporting bullish momentum. However, key support at $1.06 remains critical; holding it could lead to gains, while falling below may cause declines toward $0.80 or $0.62.

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