XRP News Today: XRP Eyes $2.72 Breakout While Holding $2.43 as Key Support
- XRP trades at $2.51, forming a descending triangle pattern with key support at $2.30 and resistance at $2.72 Fibonacci level. - ETF optimism and $200M on-chain buying signal renewed retail/institutional interest, mirroring 2017 bull market dynamics. - Ripple's Nov 1 XRP unlock (2.5B value) and re-lock strategy will test market confidence amid macroeconomic uncertainties. - Institutional adoption and real-world use cases could drive XRP toward $3 if it breaks above $2.70 resistance zone.
XRP has entered a crucial technical formation as its price slipped 6% to $2.51, prompting traders to focus on significant support and resistance zones in anticipation of a possible
This price action comes amid growing optimism around ETFs, which analysts believe may encourage accumulation ahead of the ETF approval period. Although on-chain data shows a net inflow of $200 million—much less than the $200 million surges seen in July—it signals renewed interest from spot market participants. Historically, such capital inflows have often preceded short-term price surges, especially when regulatory developments are in play. This effect is further supported by overall crypto market momentum, with
At the same time, Ripple’s upcoming
Interest from institutional investors in
The combination of ETF enthusiasm, institutional capital, and Ripple’s management of token supply is likely to shape XRP’s next direction. While bulls are targeting the $3.00–$3.20 resistance band, bears will try to maintain the triangle pattern by keeping prices under $2.43. With the Federal Reserve’s recent policy shift and continued positive trade sentiment, the next few weeks could prove pivotal for XRP’s evolution from a retail-focused asset to one favored by institutions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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