4 Minutes
XRP eyes pivotal resistance after fresh weekly gains
XRP price has returned to the critical $2.63 to $2.70 band after a notable weekly advance, drawing renewed market focus on whether the token can clear this range and accelerate toward $3. At the time of writing, XRP trades around $2.66, up roughly 1.5% over 24 hours and about 9.2% on the week, according to market data from crypto.news. That move has nudged XRP back into the pivot zone that has repeatedly influenced price action so far this year.
XRP price chart showing pivotal level
Market drivers and on-chain catalysts
Several structural and on-chain developments are supporting optimistic sentiment. Yellow Network's XRPL EVM sidechain integration has boosted developer and ecosystem activity, while Ripple USD (RLUSD) recently crossed a $900 million market cap, signaling rising demand for dollar-pegged rails within the XRPL ecosystem. Meanwhile, a newly launched spot XRP ETF has surpassed $100 million in assets under management and CME futures open interest has climbed to multi‑month highs, both of which point to deeper institutional participation and stronger liquidity.
These flows matter because ETF accumulation and growing futures interest typically reduce available spot supply and can steepen price moves when momentum builds. For traders and long-term holders watching institutional footprints, these signals increase the probability that any successful breakout will be sustained rather than ephemeral.
Technical picture: structure, levels, and scenarios
From a technical perspective, XRP recently resolved a symmetrical triangle after a period of consolidation, with the breakout candle closing above the triangle's upper trendline and pushing into the $2.63–$2.70 pivot band. Momentum indicators align with a bullish bias: the relative strength index (RSI) is hovering near 54 and trending upward after compression, and daily volume around 35 million suggests the move has real participation rather than being a low-volume false breakout.
A confirmed daily close and a successful hold above $2.70 would open a clear path to $3, with the next technical resistance marked at approximately $3.09. In a bullish continuation scenario, a normal pullback to retest $2.70 as support would be constructive and could form a firmer base for a measured push higher. If that retest holds, the subsequent target rises toward the $3.60 region, which aligns with the range ceiling from July.
Conversely, failure to sustain the zone and a decisive break below $2.63 would neutralize the breakout thesis and could expose XRP to a retracement toward $2.45 as intraday momentum wanes.
XRP Daily Price
Trading implications and risk management
Traders should seek confirmation on the daily close above $2.70 before committing to fresh long positions, and consider scaling entries while maintaining stop-loss discipline to manage downside risk. Watch institutional metrics such as ETF inflows and CME futures open interest, as they can provide advance clues about the durability of any rally. Short-term traders should monitor RSI and volume for divergence that could signal weakening momentum.
Bottom line
XRP is testing a decisive resistance band that has shaped price action across multiple tests this year. Improving on-chain fundamentals, growing institutional flows, and a bullish technical structure support the case for a potential move to $3 and beyond, but a daily close and hold above $2.70 will be the key validation point. Failure to defend the $2.63 pivot would call the breakout into question and increase the risk of a pullback.
For crypto investors tracking blockchain fundamentals and price structure, XRP's next few daily closes will be telling: they will help determine whether the market is ready to confirm the breakout or return to consolidation near support.
Source: crypto
Leave a Comment