XRP’s price action is capturing renewed attention as analysts highlight a critical technical pattern that could define its next major move. Popular crypto trader CoinsKid recently identified a significant 1-hour “God Candle” backtest at $3.42, suggesting the asset is revisiting a pivotal breakout level to validate it as support before continuation.
With XRP consolidating above key trendlines, this backtest could either confirm bullish momentum or expose weakness. Traders now look to this zone as a critical battleground between buyers and sellers.
XRP Price Update: Key Levels and Market Structure
As of report time, XRP is trading at $3.1845, reflecting a slight dip of 0.18% in the last 24 hours. Price action has remained within a narrow range between $3.1564 and $3.2387, while overall sentiment leans cautiously optimistic. The hourly chart shows a notable spike that pushed XRP as high as $3.4279, delivering a +7.64% move during a brief surge, the move CoinsKid refers to as a “God Candle.”
There is a 1hr GOD CANDLE BACKTEST for #xrp at $3.42. pic.twitter.com/AiHh2yUmGH
— CoinsKid (@Coins_Kid) July 27, 2025
This large, impulsive candle marked a potential breakout from a multi-session consolidation phase, triggering renewed speculation about the strength and sustainability of XRP’s rally.
EMA Alignment Supports Bullish Setup
Technical indicators further reinforce the importance of the $3.42 level. On the 4-hour chart, the 10 EMA sits at $3.1764, the 20 EMA at $3.1912, and the 55 EMA at $3.2137, all closely clustered near the current price. This convergence often signals an imminent shift in volatility, with directional follow-through expected.
The 200 EMA, located at $2.8457, remains well below current levels, confirming that XRP is still operating within a broader bullish trend. The 100 EMA at $3.0961 is also offering dynamic support, making any dip below $3.10 an area of interest for dip buyers.
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Backtest at $3.42: What It Means
CoinsKid’s reference to a “God Candle backtest” suggests that the price may need to revisit and confirm $3.42 as new support before continuing its upward trajectory. In market terms, this backtest acts as a validation checkpoint: if bulls can hold this level on a retest, it increases confidence in a breakout continuation.
The volume during the God Candle spike was significant, with over 22 million XRP traded, reflecting strong buying momentum. However, since the spike, volume has decreased, indicating a cooling-off period as the market digests the move.
What Comes Next for XRP?
If XRP can reclaim and sustain above $3.42 in the coming sessions, it may pave the way for a move toward the next resistance zones near $3.70 to $4.00. On the flip side, failure to hold this level could result in a pullback toward the $3.00 to $3.10 support range, where the 100 EMA provides technical backing.
As momentum builds and market participants await a decisive move, CoinsKid’s analysis adds weight to the idea that XRP is testing a key breakout level. Traders are now watching closely to see whether this backtest confirms the strength of the trend or signals a deeper retracement ahead.
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 urged to do in-depth 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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