XRP is making a significant recovery, rising from a low of $1.77 in early October to over $2.60, even as the US Securities and Exchange Commission (SEC) delays its review of pending XRP ETF filings.
Related reading
The delays caused mixed market sentiment, but XRP’s trading volume and technical setups point to growing bullish momentum. Over the weekend, XRP rose to $2.68, breaking the critical resistance at $2.63 with a 147% increase in volume, one of the biggest in months.
The explosive move coincided with renewed optimism following Ripple’s strategic acquisitions, including the integration of Ripple Prime and GTreasury, which CEO Brad Garlinghouse said put XRP “at the heart of everything Ripple does.”
XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview
Technical indicators strengthen the bullish outlook
From a technical perspective, XRP chart gives a clear bullish picture. The token has moved firmly above its 50-day and 200-day exponential moving averages (EMA), key indicators of trend continuation.
It also formed an inverse heads and shoulders pattern, historically signaling the potential for higher upside. The Relative Strength Index (RSI) remains near 70, indicating strong demand despite slightly overbought conditions.
Analysts expect a confirmed break above $2.70 to set the stage for XRP to reach the $2.90-$3.00 range in the near future. Momentum indicators such as the True Strength Index (TSI) and increasing open interest in CME XRP futures, which recently exceeded $27 billion in nominal volume, reinforce this bullish forecast.
However, traders are keeping a close eye on the $2.54-$2.58 support zone. A drop below this range could weaken momentum and invite short-term corrections.
Institutional flows signal confidence in the future of XRP
While ETF delays briefly dampened sentiment, institutional accumulation around XRP remains strong. Rapid integration of tokens into US-listed ETFsThe expansion of derivatives markets and corporate acceptance, including Evernorth’s treasury allocation, underscore growing confidence in Ripple’s long-term fundamentals.
Institutional demand continues to accelerate through vehicles such as the REX-Osprey XRP ETF, which recently surpassed $100 million in assets under management, positioning XRP as a mainstream financial instrument rather than a speculative token.
With the global crypto market capitalization hovering close to $3.8 trillion and the upcoming Federal Reserve decision expected to ease liquidity constraints, analysts believe XRP could outperform rivals in the next phase of the growth cycle.
Related reading
If buying pressure is sustained above $2.70, a targeted breakout of $2.90 could just mark the start of a broader rally, one that cements XRP’s role at the heart of institutional digital finance.
Cover image from ChatGPT, XRPUSD on Tradingview
About the Author
