XRP continues to hold investor interest as one of the more high-profile digital assets in the market. Enthusiasts remain confident in its long-term potential, with some pointing to its underlying technology and expanding use cases in cross-border payments. However, short-term signals are pointing to caution, according to crypto analyst Levi Rietveld.
Rietveld, speaking in a video shared on X, acknowledged the enthusiasm surrounding XRP but offered a more tempered analysis of the current price movement. While he believes the digital asset can do amazing things, he emphasized the importance of understanding the short-term technical picture and broader economic landscape.
Overbought Territory and Historical Patterns
XRP has been trading in what Rietveld describes as “very clearly… overbought for an extended period of time” on the daily charts. In his view, this is a significant red flag, as previous instances of similar technical setups were followed by swift corrections.
Technical indicators such as the FBB on the 15-minute chart show XRP very close to resistance levels. While breaking above resistance levels traditionally leads to price surges, Rietveld notes that historically, when XRP approaches or breaks above this particular FBB resistance line, it is often followed by substantial corrections.
XRP Bull Run Prediction! #XRP pic.twitter.com/dwntVMFGh4
— Levi | Crypto Crusaders (@LeviRietveld) July 8, 2025
Macroeconomic Headwinds Remain
Beyond the charts, the broader environment also plays a critical role in Rietveld’s analysis. He cautions that conditions such as geopolitical instability, Federal Reserve policy, and interest rates do not currently support a surge in market liquidity. According to him, the backdrop is not aligned for a major upward move in assets like XRP.
“These things are not really aligning with the fact that we could have a huge swarm of liquidity coming in,” he said, pointing to the low probability of strong, sustained inflows under current conditions.
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Whales and Market Psychology
Another point of concern is the possibility of manipulation in the current market structure. Whales have been making record-breaking moves, and Rietveld believes they may be using the recent momentum to bait retail traders into long positions, only to liquidate them during a sudden reversal.
XRP is currently trading at $2.32, up over 6% from last week, but he believes this positive momentum won’t last. “This to me looks like a very short-term move,” he explained, warning that this setup could trap less experienced participants in unfavorable positions.
While some experts expect a major breakout soon, Rietveld is not convinced. He anticipates major moves for the asset in the future, but is not confident that it can sustain this momentum in the short term.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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