XRP is enjoying a remarkable rebound, rising from early October lows of $1.77 to over $2.60, even as the U.S. Securities and Exchange Commission (SEC) extends its review of pending XRP ETF filings.
The delays have caused mixed market sentiment, but XRP’s trading volume and technical setup point to increasing momentum. Over the weekend, XRP rose to $2.68, breaking the critical resistance at $2.63 with a 147% augment in volume, one of the largest in recent months.
This explosive move coincides with renewed optimism following Ripple’s strategic acquisitions, including the integration of Ripple Prime and GTreaury, which CEO Brad Garlinghouse says puts XRP “at the heart of everything Ripple does.”
XRP's price trends to the upside on the daily chart. Source: XRPUSD on Tradingview
Technical indicators reinforce the bullish outlook
From a technical point of view, XRP chart paints a clear, bullish picture. The token moved significantly above the 50-day and 200-day exponential moving averages (EMAs), key indicators of trend continuation.
An inverse head and shoulders pattern has also formed, historically signaling the potential for higher highs. The relative strength index (RSI) remains near 70, indicating powerful demand despite slightly overbought conditions.
Analysts expect a confirmed break above $2.70 to set the stage for XRP to reach the $2.90-$3.00 range in the near future. Momentum indicators such as the True Strength Index (TSI) and growing interest in CME XRP futures, which recently exceeded $27 billion in notional volume, support this bullish outlook.
However, investors are keeping a close eye on the $2.54-$2.58 support zone. A drop below this range may weaken momentum and trigger short-term corrections.
Institutional flows signal confidence in XRP’s future
While ETF delays briefly dampened sentiment, institutional accumulation around XRP remains powerful. Speedy token integration with ETFs listed on the US stock exchangethe development of derivatives markets and corporate adoption, including the allocation of Evernorth’s own funds, underscore growing confidence in Ripple’s long-term fundamentals.
Institutional demand continues to accelerate with vehicles such as the REX-Osprey XRP ETF, which recently surpassed $100 million in assets under management, positioning XRP as a mainstream financial instrument rather than a speculative token.
With the global cryptocurrency market capitalization hovering near $3.8 trillion and the Federal Reserve’s upcoming interest rate decision expected to ease liquidity constraints, analysts believe XRP could outperform other currencies in the next stage of the bull cycle.
If buying pressure continues above $2.70, a breakout target of $2.90 may just mark the beginning of a broader rally that cements XRP’s role at the heart of institutional digital finance.
Cover photo from ChatGPT, XRPUSD on Tradingview
