XRP News Today: XRP Bounces Off $3 Support as 77% Trading Volume Surge Sparks Bullish Outlook

XRP's price action has shown signs of a potential bullish turnaround following a critical rebound off the $3 support level, with traders and analysts closely watching for the formation of a key Elliott Wave pattern. According to CasiTrades, a prominent trader in the cryptocurrency space, the recent bounce from $3.00 suggests that the market may be entering Wave 2 of a larger bullish cycle. If this pattern holds, XRP could target the $3.82 level before potentially breaking out to new all-time highs [1].

The price surged to $3.30 after a 77% spike in 24-hour trading volume, reaching nearly $7 billion as investors showed renewed interest. This surge came after a volatile weekend that tested the $3.00 psychological support, a level CasiTrades emphasized as a critical indicator for bullish continuation. While XRP briefly faced resistance at $3.20, the ability to hold above $3.00 has provided a foundation for further upward movement [1].

Technical analysis highlights a descending triangle pattern on the 4-hour chart, with lower highs forming over recent days. This consolidation phase, combined with a Relative Strength Index (RSI) trending above its 14-day moving average since midweek, signals growing bullish momentum. A breakout above $3.30 could confirm a key trend reversal and push the price toward $3.65, aligning with CasiTrades’ forecast [1]. If this momentum continues into the end of 2025, XRP could potentially reach $10, driven by year-end demand and broader crypto adoption [1].

A potential catalyst for such a move lies in the regulatory landscape. The approval of a U.S. spot XRP exchange-traded fund (ETF) could act as a significant driver for institutional inflows and retail interest. The recent launch of the first XRP ETF has set a precedent, and further SEC approvals for similar vehicles may amplify market participation. Analysts view this as a critical factor in unlocking XRP’s long-term potential [1].

The market’s focus remains on maintaining the $3.00 support level, which has thus far prevented a deeper correction. Traders are monitoring for signs of a breakdown or a sustained rally above $3.30 to validate the bullish thesis. Meanwhile, the broader crypto market’s momentum, including a surge in meme coin activity, could further support XRP’s rally if risk-on sentiment persists [1].

The analysis underscores a cautious optimism for XRP’s near-term trajectory, with technical indicators and structural patterns suggesting a high-probability move toward key resistance levels. However, market participants are advised to remain vigilant as volatility remains a defining characteristic of the crypto asset class.

Source: [1] [XRP Price Prediction: Elliott Wave Structure Signals Wave 3 Launch is Imminent – How High Can XRP Go in 2025?](https://cryptonews.com/news/xrp-price-prediction-elliott-wave-structure-signals-wave-3-launch-is-imminent-how-high-can-xrp-go-in-2025/)