XRP (XRP) has rebounded practically 25% from the $2 psychological stage up to now week, with tailwinds from strong daily ETF inflows exceeding $164 million following the launch of Grayscale’s GXRP and Franklin Templeton’s XRPZ.
Key takeaways:
-
XRP stays bullish above $2, with chart technicals pointing towards $3.30–$3.50.
-
Resistance at $2.23–$2.50 might deliver again the bears for a drop to $1.82.
A number of XRP indicators open the best way for a 50% rally
On Friday, XRP defended the $1.95–$2.05 assist band of a prevailing parallel channel.
This zone has repeatedly acted as assist since December 2024, with every retest resulting in bounces of 75%-90% to the channel’s higher boundary close to $3.50.
The XRP/USD pair might acquire as a lot as one other 57% by 12 months’s finish if the setup performs out as supposed.
Analyst Mikybull Crypto additional cited the habits of on-balance quantity (OBV) as a key purpose for the bullish shift.
OBV is an easy methodology for figuring out whether or not precise shopping for or promoting is going on behind the scenes. When it rises, it means real patrons are stepping in; when it drops, sellers are in management.
For XRP, OBV bounced from a significant assist space proper as the worth touched $2. That’s vital as a result of it reveals actual spot patrons stepped in, as an alternative of exiting, said Mikybull.
XRP’s 2017 fractal setup reiterates $3.50 goal
XRP’s present construction intently mirrors the setup that sparked its explosive 2017 breakout, in accordance with analyst GalaxyBTC.
In a Tuesday put up, he famous that the $2 area is behaving very similar to the mid-range assist XRP reclaimed simply earlier than its historic rally eight years in the past.
XRP is as soon as once more bouncing inside a well-recognized inexperienced accumulation zone whereas nonetheless respecting the broader breakout construction established earlier in 2025.
With costs stabilizing round $2 and patrons stepping again in, GalaxyBTC noticed the potential for XRP to revisit the higher boundary close to $3.30–$3.50, echoing the growth part that adopted an identical technical setup in 2017.
What might change the bullish XRP view?
Regardless of the enhancing sentiment, XRP nonetheless must clear a number of technical hurdles to verify a sustained upside transfer.
As of Tuesday, the token was testing the 0.236 Fibonacci retracement stage close to $2.23 as resistance.
A decisive breakout above this stage would then face the next important limitations: the 50-day EMA (purple) and 200-day EMA (blue), each of which have capped XRP’s upside makes an attempt since early October.
Nonetheless, these EMAs sit virtually precisely on the higher trendline of XRP’s descending channel, in a sample that has guided the worth decrease because the summer season.
If this sample holds, XRP worth will rotate again to the channel’s decrease boundary, with a possible drop towards the 0.0 Fib line close to $1.82 by the top of the 12 months.
Associated: How low can XRP’s price go after falling under $2?
Such a transfer would weaken the bullish setup and recommend the bounce was solely momentary or a “lifeless cat.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
