XRP Finds Support Near $2.70
XRP has recently tested support around $2.70, its lowest level in nearly two months. After a 26% decline from the $3.65 monthly peak, traders are watching critical resistance at $3.20–$3.50 for signs of a reversal.
Technical indicators show oversold conditions, with the Relative Strength Index nearing 30. If the $2.70 level holds, analysts expect a quick rebound toward $3.20 and possibly $3.60 on strong momentum.
ETF Inflows Reshape Market Sentiment
The launch of the Rex-Osprey Spot XRP ETF significantly altered investor sentiment. On its first trading day, it recorded $37.7 million in volume, marking 2025’s largest ETF debut by turnover.
Within 90 minutes, inflows reached $24 million, growing to nearly $100 million within a week. This performance mirrors Solana’s ETF success, which fueled a major price surge.
Ripple Eyes Breakout Toward $5.00
Market observers believe ETF inflows could sustain a strong XRP rally, potentially breaking the $5 psychological barrier. Long-term targets as high as $10 have resurfaced as capital flows increase.
If bullish momentum holds, this could mark a turning point for XRP’s multi-month consolidation phase. ETF participation provides institutional backing that supports more sustained growth.
Technical Patterns Indicate Upside Potential
On higher timeframes, XRP remains in an Elliott Wave impulse cycle that began earlier this year. Current price action aligns with a double-bottom structure at $2.70, supported by bullish flag and cup-and-handle formations.
A decisive breakout above the $3.20 neckline could trigger a measured move to $3.65 and potentially extend to $5.00 into Q4. Analysts emphasize the importance of volume confirmation for sustained rallies.
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XRP Ledger Expansion Adds Momentum
The XRP Ledger ecosystem continues to grow, surpassing $350 million in tokenized assets. This expansion increases XRP’s network utility and could contribute to renewed market interest.
Ecosystem growth often correlates with price appreciation, as broader usage attracts new participants. This fundamental strength complements technical signals pointing toward a bullish recovery.
Institutional Participation Strengthens
Institutional demand has become a central narrative following ETF launches. Ripple’s inclusion in regulated financial products enhances credibility and draws capital from traditional markets.
Analysts argue that sustained ETF inflows will be critical for driving price stability and upward movement. Institutions typically provide deeper liquidity and longer investment horizons than retail participants.
Resistance Levels Define Next Moves
Resistance at $3.20–$3.50 remains the key barrier for bulls. A clear breakout with volume could confirm a trend reversal and signal the start of a broader rally.
Conversely, failure to overcome this range may lead to consolidation or further testing of lower support zones. Traders are monitoring these levels closely for directional cues.
XRP’s Path Toward Recovery
XRP stands at a critical juncture where technical, fundamental, and institutional factors align. Strong ETF inflows, bullish formations, and expanding utility create favorable conditions for a breakout.
If these catalysts sustain, XRP could challenge key resistance levels and potentially initiate a rally toward $5.00. Investors are watching closely as Q4 approaches, anticipating decisive market action.
