Ripple's XRP experienced a significant surge, climbing over 10% in the last 24 hours and trading around $2.50 at press time. This upward movement follows a notable rebound from below $2.20 earlier in the week. Concurrently, trading volume saw an increase, surpassing $4 billion, which has reignited discussions about whether this surge signals the commencement of a sustained rally or a merely short-term reaction.
Patterns Repeat, But Confirmation Needed
Analysts have been observing a consistent price pattern in XRP for over a year. The token has a tendency to trade sideways for extended periods before experiencing strong bursts of upward movement. A similar pattern was observed in 2023 and again in 2025, with the price currently consolidating within a broad range between $1.90 and $3.50.
According to ChartNerd, XRP may be approaching another expansion phase. A chart shared by the analyst, titled "The Staircase to Valhalla," outlines potential price targets at $8, $13, and $27, contingent on the breakout holding. This projection is based on a symmetrical triangle formation that XRP appears to have recently exited, supported by long-term trendlines.
$XRP: Targets = $8 > $13 > $27 🎯 This macro fractal of mine will keep being pulled out of the hat unless it’s invalidated. Time is our good friend here. Ever so close to takeoff 🚀 pic.twitter.com/uYNdymEQzw
Resistance Levels Draw Attention
Traders are closely monitoring the $2.4 level, which has acted as a resistance point in recent trading sessions, according to CRYPTOWZRD. A decisive move above this threshold could pave the way for a test of the $2.55 level. Daily resistance is identified at $2.75, with $2.27 serving as nearby support. These key levels are being watched closely on lower timeframes, particularly as Bitcoin's influence on broader market movements continues to be a significant factor.
Recent daily and weekly chart candles have indicated signs of buying pressure, yet the price action remains indecisive. Some market participants suggest that a catalyst from Bitcoin could trigger stronger movement in XRP, while others are adopting a wait-and-see approach, preferring to confirm a clean breakout before making substantial commitments.
Selling Pressure Still in Play
Recent blockchain data has revealed some signs of concern among long-term XRP holders. Metrics from Glassnode indicated that seasoned wallets have been engaging in selling activity during price pullbacks, a behavior that deviates from previous market cycles. Simultaneously, large holders were observed to have sold over 500,000 tokens within a two-day period, raising questions about the prevailing market sentiment.
Despite this selling pressure, XRP demonstrated a strong bounce following recent political developments. A statement from former President Donald Trump, which included promises of $2,000 stimulus checks and a government reopening, appeared to provide a broad uplift to the cryptocurrency markets. XRP's swift recovery shortly thereafter brought its price back near the $2.50 level.
Furthermore, several asset managers, including Bitwise, Franklin Templeton, and 21Shares, have submitted amended S-1 filings this week for their proposed spot XRP Exchange-Traded Funds (ETFs). These updates incorporate standard language intended to align with the SEC's review procedures. Notably, all five of these proposed funds have now been listed on the Depository Trust & Clearing Corporation (DTCC), a significant milestone in their path toward a potential launch.
These filings are being made at a time when institutional investor demand for XRP appears to be on the rise. This situation bears resemblance to the preceding events with Bitcoin and Ethereum ETFs, where subsequent updates were eventually followed by approvals. While it remains uncertain whether the SEC will grant a positive response this time, the overall process seems to be progressing steadily.