Ripple's XRP surged more than 10% over the past 24 hours to trade near $2.50, recovering from a dip below $2.20 earlier in the week. Trading volume climbed above $4 billion as technical analysts debated whether the move signals a sustained rally or a brief market reaction.
Key Market Indicators
- •XRP trades in a consolidation range between $1.90 and $3.50 as analysts track patterns that have preceded previous breakouts.
- •Institutional interest grows as five asset managers file amended applications for spot XRP exchange-traded funds, with listings now on the DTCC.
- •On-chain data shows long-term holders selling during recent pullbacks, creating uncertainty about market sentiment despite the price bounce.
Technical Setup Suggests Potential Expansion
Analysts have monitored a recurring price pattern in XRP for more than a year. The token tends to move sideways for extended periods before breaking out in sharp bursts. A similar structure appeared in 2023 and again in 2025, with the current price consolidating between $1.90 and $3.50.
ChartNerd, a technical analyst, said XRP may be approaching another expansion phase. The analyst shared a chart outlining potential price targets at $8, $13, and $27 if the breakout holds.
"This macro fractal of mine will keep being pulled out of the hat unless it's invalidated," ChartNerd wrote on social media platform X.
The setup relies on a symmetrical triangle that XRP appears to have exited, supported by long-term trendlines.
Traders are watching $2.40, a level that has acted as resistance in recent sessions, according to analyst CRYPTOWZRD. A move above that mark could open the path to $2.55. Daily resistance sits at $2.75, with support near $2.27. Those zones are being monitored on lower timeframes, particularly as Bitcoin's movements continue to influence broader market direction.
Recent candles on daily and weekly charts showed buying pressure, though price action remains uncertain. Some traders believe a push from Bitcoin could trigger stronger movement in XRP, while others are waiting for a confirmed breakout before taking positions.
On-Chain Activity Reveals Mixed Signals
Blockchain data from Glassnode indicates concern among long-term holders. Seasoned wallets have been selling during pullbacks, behavior that differs from earlier market cycles. Large holders sold more than 500,000 tokens over two days, raising questions about sentiment across the market.
The token bounced sharply after recent political news.
Former President Donald Trump issued a statement promising $2,000 stimulus checks and a government reopening, which appeared to lift cryptocurrency markets broadly.
XRP's quick rise followed, bringing the price back near $2.50.
Several asset managers filed amended S-1 forms this week for proposed spot XRP exchange-traded funds. Bitwise, Franklin Templeton, and 21Shares submitted updates that include standard language designed to fit Securities and Exchange Commission review procedures. All five funds are now listed on the Depository Trust and Clearing Corporation, a required step toward any potential launch.
The filings come as institutional demand for XRP appears to increase. The pattern resembles the approval process for Bitcoin and Ethereum ETFs, where similar amendments preceded regulatory clearance. Whether the SEC will approve XRP products remains uncertain, but the application process continues to advance.
Key Terms Explained
XRP is a digital asset created by Ripple Labs, designed for fast cross-border payments. Exchange-traded funds allow investors to gain exposure to assets without directly holding them. The DTCC operates as a central clearinghouse for securities transactions in the United States.
Concluding Outlook
XRP's recent surge has drawn attention from traders and institutions, but the sustainability of the move depends on several factors. Resistance levels above $2.40 will test whether buyers can maintain momentum. Selling pressure from large holders adds uncertainty to the near-term outlook.