XRP’s $2.88 Level Crucial: Buy Wall Faces Pressure Amid Bearish Triangle

XRP’s price is currently at a pivotal point, with both technical signals and blockchain data revealing a tug-of-war between a bearish triangle formation and a significant buy wall. The digital asset is hovering around $2.88, and traders are watching to see if it can reclaim the $2.30–$2.40 zone, which has acted as a strong support since late 2025. Experts have pointed out a symmetrical triangle, a pattern that often precedes a sharp move in either direction, potentially sparking a bullish surge or a further drop.

The buy wall, mainly situated in the $2.20 to $2.23 range, has served as a crucial foundation for

. If XRP fails to stay above this support, it could slip toward $1.85, a price last reached in early December. On the other hand, if the $2.30 level is successfully retested, it could confirm the buy wall’s resilience and push the price up to $2.95–$3.04, with longer-term targets between $3.65 and $4.20 if the triangle pattern breaks upward. Recent blockchain data also shows that large holders (1M–10M XRP) have increased their positions by 10% over the past two months, while network activity has jumped by over 400% since March.

Yet, the derivatives market tells a different story. Open interest in XRP futures has dropped by 54% in the last three weeks, indicating reduced liquidity and greater volatility risk. Perpetual contract funding rates have turned negative, reflecting caution among futures traders, with long positions being liquidated in the $2.40–$2.60 range during a recent 14% price spike. This contrast between robust on-chain metrics and weak derivatives activity highlights the uncertainty in XRP’s short-term outlook.

Technical analysts have pinpointed several important price levels. A TD Sequential buy signal near $2.95 suggests that bearish pressure may be easing, while resistance at $3.04–$3.10 represents a major hurdle for buyers. Additionally, the symmetrical triangle pattern on the XRPBTC chart could propel the price toward $3.65 if bulls manage to break above the upper boundary. Conversely, a fall below the $2.780 support could lead to further losses down to $2.650, with the risk of revisiting the $2.40–$2.13 consolidation area.

Institutional dynamics are also influential. Ripple’s CEO Brad Garlinghouse has reaffirmed his belief that an XRP ETF could launch by the end of 2025, citing increased regulatory clarity following the SEC’s withdrawal of its lawsuit against the company. This, along with growing institutional interest in

and wider crypto adoption, has fueled optimism about XRP’s future. Large investors have accumulated $2.2 billion worth of XRP in the past month, further supporting the case for strategic positioning ahead of potential gains.

Ultimately, XRP’s next move will depend on whether it can break out of its current technical range. A strong push above $2.90–$3.04, backed by increasing volume and institutional buying, could trigger a rally toward $3.65–$4.20. On the flip side, a prolonged drop below $2.780 might revive bearish momentum, sending the price back to $2.40 or lower. Traders are keeping a close eye on these developments, as the outcome could set the tone for XRP’s direction in the near future.