Ripple’s XRP Eyes $2.70 Breakout After 9% Weekly Climb

Ripple's XRP is currently trading at $2.45, reflecting a 3% decrease in the past 24 hours. Despite this short-term pullback, the token has shown resilience, remaining up 9% over the past week. Analysts are closely monitoring key price levels, particularly the $2.70 resistance, as XRP consolidates near the upper boundary of its recent trading range.

Key Resistance Zone at $2.70

Analyst ChartNerd highlighted $2.70 as a critical upcoming level in a recent video. This price zone has historically acted as resistance, notably in December 2024 and at various points in early 2025. XRP experienced a decline from this level following an extended run-up and subsequent correction.

In the video, ChartNerd discussed a potential structure forming around current price levels. He observed that XRP is attempting to establish a "double bottom" pattern based on its price action following the recent low.

“XRP is trying to build some sort of double bottom.”

The analyst further explained that a successful break above $2.70, followed by a retest of this level as support, could pave the way for XRP to target $3.20. However, he cautioned that this scenario currently lacks confirmation, and XRP remains within a range defined by accumulation support and horizontal resistance.

In a separate video, ChartNerd also addressed moving averages, identifying the 55-week moving average as a key support level.

“If we lose that, $1.90 is the lifeline,” he stated.

Additionally, ChartNerd noted that the monthly 10 Exponential Moving Average (EMA) has been tested multiple times by XRP in April, June, and October, and has consistently held above this level.

He drew a comparison between the current market structure and the pattern observed earlier in the year. A higher low on the weekly chart could mirror the setup seen from March to July, potentially leading to a continuation move towards the end of the year following a subsequent pullback after an upward price movement.

Intraday Chart Behavior and Trade Setup

Crypto analyst CryptoWZRD observed that XRP concluded the recent daily candle with a bullish signal. The price reached the $2.55 resistance level, suggesting a potential short-term pullback.

“A bearish move from this location is considered healthy,” the post indicated.

The analyst suggested that a new trading setup might emerge once the intraday structure resets.

CasiTrades also identified the $2.41 level on Coinbase as a significant area to monitor, as reported by CryptoPotato. This zone aligns with key Fibonacci support levels. Ali Martinez further commented that XRP might need to experience a price drop below $2 before initiating a larger upward movement.

ETF Developments and Market Interest

Recent updates to Spot XRP ETF filings by companies such as Bitwise, Franklin Templeton, and 21Shares include new language under Section 8(a) to facilitate a more streamlined review process. All five proposed ETFs are now listed on the Depository Trust & Clearing Corporation (DTCC), signaling a potential launch in the near future.

XRP continues to garner significant market attention. While many large-cap cryptocurrencies often track the broader market's performance, XRP has demonstrated strength at critical price levels. On-chain data also indicates sustained accumulation by substantial holders.